When it comes to your business, you need to create a Standard Operating Procedure (SOP) to manage your inventory. An SOP will help you reduce your financial risk or the risk that customers won’t be... [read more]
SARS defines a fringe benefit as having three elements:
1. There’s an employment relationship between the person giving the benefit and the person receiving it.
2. The benefit accrues to your... [read more]
Second-hand goods are previously-owned and used goods (Section 1, Vat Act).
While this definition is simple enough, second-hand goods cause a lot of confusion for most Vat vendors. And questions... [read more]
This week, our Vat experts got a Vat registration question from a business owner in Cape Town.
This business owner wants to know if she can register for Vat since her business only renders exempt... [read more]
Stock management is crucial in your business.
Business Case Studies says the aim of stock control is to make sure that your business always has sufficient stocks to meet its own needs as well as... [read more]
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