As a business owner, it’s important to understand what counts as a deductible expense, how to document it, and how to legally lower your taxable income. In this blog post, we break down the top deductions available to South African businesses to help you apply these to your own business.

Tax season often feels overwhelming—especially when you're unsure of what deductions you’re entitled to. But here’s the good news: South African tax law allows individual taxpayers to claim a range of deductions that can significantly reduce your taxable income and, in turn, your tax liability. This blog post breaks down the most common individual tax deductions in South Africa with tips on how to claim each one.

Employers in South Africa have a range of responsibilities, including the submission of various forms and contributions to government...

Times are tough for lots of businesses right now and this puts pressure on cash, so here are six things you can look to do when cash is...

The COIDA registration requirements are below. 1. Company Registration Documents. 2. Nature of Business Turnaround time: 48Hours Kindly...

As an accountant, I see a lot of business owners trying to grow their businesses without knowing their numbers. It’s just not going to...

This part pertains to you if you own a property that you rent to another person to earn extra money. There are some high-cost expenses...

The UIF Requirements are below. 1. Company Registration Documents. 2. Directors ID. 3. Employees ID. 4. Employees Salary and Employment...

3 Tips to help you manage your Bookkeeping 1 – Be Consistent Two of the fastest ways to muddy a financial report is (1) duplicate expense...

“Building wealth is not sexy; it’s boringly consistent. Your daily principles are what grows your net asset value.” 1. Employment Tax...

While each company has its own set of key performance indicators (KPIs), there are some common KPIs that every small business should be...

A profit & loss statement (P&L aka income statement) is a financial report that shows your total income, total expenses and net income...

Trying to DIY your bookkeeping? You NEED these four things 👇🏻 ✓ A separate bank account... running expenses through your personal...

I've worked from home since covid - 2020 - and I love it! But for many it can present many challenges: Being in the same place 24-7 The...

Why is it that saying no is so hard to do? How often in business do we find ourselves doing something that we really didn’t want to, but...

Three unnecessary start-up expenses When you’re a new entrepreneur who’s being extra mindful of your bottom line, not all start-up costs...

Feel like entrepreneurship is calling your name? Or just need a little motivation boost on the way to big business success? We’ve put...

Bookkeeping vs Accounting: what’s the difference? Many new entrepreneurs wonder whether there is a difference between bookkeeping and...