by OnqAccounting | Oct 27, 2025 | Tax
Why Sole Proprietors Must File Their Tax Returns — Even If They Earn Below the Threshold We 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...
by OnqAccounting | Oct 27, 2025 | Tax
SARS’s New Biometric Verification – What Businesses Should Know When Registering for VAT or PAYE If 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...
by OnqAccounting | Oct 1, 2025 | Tax
Why You Can’t Claim VAT on Client Meals, Staff Coffee and Other Common Expenses As 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...
by OnqAccounting | Sep 23, 2025 | Tax
Trusts in South Africa: How They Are Taxed and Why They Still Matter Trusts 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...
by OnqAccounting | Sep 4, 2025 | Tax
The Power of Budgeting: A Compass for Business Success and Personal Wealth Running a business—or a household—without a budget is like driving across South Africa with no map, no GPS, and no fuel gauge. You might get somewhere, but the chances of it being the right...
by OnqAccounting | Sep 1, 2025 | Tax
Why Directors Should Pay Themselves a Salary At 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...
