SARS recently issued a reminder that all trusts – whether dormant or active – need to be registered for income tax, and that the trust income tax return must be filed by the applicable 2022 tax season deadline dates. Many business owners and individuals have trusts, set up to manage and protect assets for nominated […]
Is Your Trust Registered and Ready for Income Tax? Read More »
When it comes to managing a small business, no tool will be as important as your accounting software. Accounting software allows entrepreneurs to track accounts receivable and accounts payable, have a clear understanding of their profitability, and be prepared for tax season, all of which are essential for keeping cash flows intact and fulfilling obligations.
Choosing Accounting Software for Your Small Business Read More »
As a company director you are not normally at risk of being sued for the company’s separate debts in your personal capacity, but there are exceptions. Both creditors and directors should always bear them in mind. Let’s examine in this light a High Court case in which the buyer on auction of a car was
Directors – When Are They Personally Liable? Read More »
