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Why Sole Proprietors Must File Their Tax Returns — Even If They Earn Below the Threshold
Why Sole Proprietors Must File Their Tax Returns — Even If They Earn Below the ThresholdWe were recently approached by a potential client who is a sole proprietor. They believed — and even had a letter from an accountant confirming — that because their income was...
SARS’s New Biometric Verification – What Businesses Should Know When Registering for VAT or PAYE
SARS’s New Biometric Verification – What Businesses Should Know When Registering for VAT or PAYEIf you’re registering a new company or setting up as an employer, you’ve likely come across SARS’s latest update: biometric facial-recognition verification is now part of...
Why You Can’t Claim VAT on Client Meals, Staff Coffee and Other Common Expenses
Why You Can’t Claim VAT on Client Meals, Staff Coffee and Other Common ExpensesAs accountants and tax practitioners, one of the most frequent questions we hear from clients is: “If I meet a client for lunch, or buy coffee for the office, why can’t I claim the VAT...
Trusts in South Africa: How They Are Taxed and Why They Still Matter
Trusts in South Africa: How They Are Taxed and Why They Still MatterTrusts have been part of South African wealth planning for decades. They’re often linked to protecting family wealth, planning for estate duty, and ensuring assets last for future generations. But...
The Power of Budgeting: A Compass for Business Success and Personal Wealth
Budgeting may not sparkle like tax tricks or flashy investments, but it is the foundation of financial control. A disciplined budget turns activity into profit and profit into cash—making it the true cornerstone of sustainable success.
Why Directors Should Pay Themselves a Salary
Why Directors Should Pay Themselves a SalaryAt On Q Accounting, we often sit with owner-managed companies where the director tells us: “I don’t take a salary. I just draw money when I need it.” Sometimes those “drawings” are later labelled as dividends, or even worse,...
Director Pay in South Africa: Salary, Dividends or Commission?
Director Pay in South Africa: Salary, Dividends or Commission?One of the questions directors ask us most often is: “What is the best way to pay myself as a director—salary, dividends, or commission?” The truth is there isn’t one universal answer. Each option has its...
Should I buy a house in my company, in a trust, or in my personal name?
Should I Buy a House in My Company, in a Trust, or in My Personal Name?One of the most common questions we receive is: “Should I buy a property in my company, create a new trust to hold it, or buy it in my personal name?” When it is your primary residence and...
Considering Immigration? Here’s How the UK, Australia, New Zealand and Canada Stack Up Against South Africa on Tax
Considering Immigration? Here’s How the UK, Australia, New Zealand and Canada Stack Up Against South Africa on TaxWith more South Africans considering emigration than ever before, questions around tax have become more urgent — and more personal. “Will I be taxed more...
Voluntary Disclosure Programme: Don’t Assume It’s Voluntary—Here’s When SARS Disagrees
Voluntary Disclosure Programme: Don’t Assume It’s Voluntary—Here’s When SARS DisagreesThe Voluntary Disclosure Programme (VDP) is often pitched as a “get-out-of-jail” option for taxpayers who’ve slipped up. But not so fast. Just because you want to come clean doesn’t...