Navigating the VAT Hike: What the 15.5% Change Means for South African SMEs
Alright, let’s talk about something that’s definitely on everyone’s minds: the recent VAT increase in South Africa. We went from 15% to 15.5%, and while it might seem like a small jump, it’s got some serious implications for SMEs, consumers, and our economy as a whole. Let’s break it down in a way that’s easy […]
Tax Time for SMEs: What You Need to Know
Tax season can be a stressful time for any business owner, especially for SMEs. Staying organised and understanding your tax obligations is crucial for smooth sailing. Key Tax Considerations for SMEs: Income Tax: This is the primary tax levied on company profits. Different tax rates apply to different types of businesses. Keeping accurate records of […]
Juggling Taxes and Client Payments: A Balancing Act for Businesses
Running a business is a rewarding but demanding experience. On top of managing day-to-day operations, you also have the responsibility of ensuring your finances are in order. This includes staying on top of Value Added Tax (VAT) and company tax payments. Do this while simultaneously navigating the often-uncertain world of client payment terms and invoices. […]
