You probably know that the Income Tax Act says you can deduct bad debts if:
1. Money is due to you;
2. The outstanding amount was originally included in your taxable income in any previous year... [read more]
If you qualify for Vat registration, you have no choice, you must register.
The Vat Act says you must register Vat if:
1. You reach the R1 million turnover threshold;
2. Your business is... [read more]
You already know that analysing your financial statements is a MUST as it allows you to spot trends in your business and see any problems that may come your way.
But do you have the “right... [read more]
Bad debts come with Vat implications.
This means you must know the correct way to deal with Vat. If you make mistakes, you’ll have SARS on your back. And this means penalties will be coming... [read more]
Our Vat experts get a lot of questions regarding Vat refunds.
This is not surprising. It’s a given that anyone would want to know everything about a process that results in them getting some... [read more]
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