The Department of Small Business Development’s Lifelines to Suffocating SMMEs
“It’s been said that government doesn’t create jobs, business does. For the most part, this is true. But government creates the environment in which businesses can excel and expand” Christine Gregoire – American politician and lawyer There are several resources that the government, under the guidance of the Department of Small Business Development (DSBD), has […]
3 Survival Tips for Your Small Business In 2021: Little Things with A High Impact
“If we believe that tomorrow will be better, we can bear a hardship today” Thích Nhất Hạnh According to a press release issued this year by the World Bank, the pandemic has taken “a heavy toll of deaths and illness, plunged millions into poverty, and may depress economic activity and incomes for a prolonged period”. […]
Budget 2021: Your Tax Tables & Tax Calculator
How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator below to find out. Have a look at the tax tables below for the new Individual and Special Trust income tax brackets, and for a convenient reminder of the various other taxes that remain unchanged –
Budget 2021: What It Means to You
“Hope is being able to see that there is light despite all of the darkness.” Archbishop Emeritus Desmond Tutu It was with a sense of trepidation that South Africans awaited the 2021 Budget Speech by Finance Minister Tito Mboweni. Still confronted with all the challenges that existed before COVID-19 – massive debt, lackluster growth, unemployment, […]
Covid-19: What You Need To Know
PAYE, Tax, UIF and Relief Funds SARS In General Deadlines still apply for any returns that are due e.g. EMP201, VAT201, IT14SD etc. But deadlines for objections do not include the lockdown period. If a client cannot pay an existing SARS debt they need to go through the normal channels to enter a payment plan. […]
Tax Advice For Beginners
Taxpayers often receive important-looking documents from various sources and wonder whether to keep them or not, and whether they are required for submitting annual tax returns. The IRP5 is the most important of those documents for salaried employees, as it details all your earnings and the tax already paid on it by your employer for […]
Tax Clearance Certificates
Without a Tax Clearance Certificate you won’t be able to: Submit any government tender Transfer property Complete BEE verification and certification Get Reserve Bank approvals Be on a supplier database of most companies A Tax Clearance Certificate has become an integral part of doing business in South Africa and one that should be approached proactively […]