Selling Your Business to Retire? Get This Tax Relief!
“A small business is an amazing way to serve and leave an impact on the world you live in.” (Nicole Snow) Small business owners looking to sell their business or interest in a business as part of their retirement planning will be glad to know that meaningful tax...
Annual Employer Tax Recon Due End May
“Only accountants can save the world — through peace, goodwill, and reconciliations.” (Unknown) Employers are legally required to submit their EMP501 reconciliation with accurate and up-to-date payroll and tax information (including valid Income Tax...
When Growth Is a Tax Problem
“As your profitability grows, your taxes will too. In fact, paying more taxes is an indicator that your business health is improving.” (Mike Michalowicz) Business owners work hard to grow revenue and increase profit. What often receives less attention is how...
New VAT Thresholds: Thinking of Deregistering?
“Renette Oosthuizen, small business owner from Gauteng, had this tip: ‘Minister Godongwana, please increase the VAT registration threshold for small businesses to R2 million. The R1 million threshold has not kept pace with the cost of doing business.’” (Budget Speech...
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