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Small Business Corporations (SBCs) Qualifying Small Business Corporations (SBCs) under Section 12E of the Income Tax Act benefit from a progressive tax scale, starting as low as \(0\%\) for the first \(R99,000\) in taxable income. This offers a significantly lower Continue reading SBC Tax Rate
If you’re a small business owner this tax advice is for you. You could qualify as a small business corporation or SBC as we call it. This company has reduced tax rates and increased depreciation write-offs. It’s Continue reading Small Business Cooporation Boost
Client Owes SARS Despite Tax Directive? Here’s What You Need to Know As a South African accountant or bookkeeper, you might encounter a situation where a client who received a tax directive still owes SARS (South African Revenue Service) money. Continue reading Client Owes SARS Despite Tax Directive