Bad debt: how SARS views it
Every business owner’s dreaded scenario. You’ve done the work, the quality’s great, the product’s excellent, your workmanship exceeds expectations, but your client isn’t paying. You’ve exhausted every avenue for finding a way for the account to be paid and now you’re faced with writing off the debt. What are the tax implications for your business? […]
Should you be paying provisional tax?
As we begin the new income tax year, you’ll need to start thinking about preparing for provisional tax payments. Here’s a quick guide about what you need to know: What is provisional tax? Different from income tax, provisional tax is a way of paying your income tax liability in advance to ensure you don’t […]