Business Entities

Business Entities

by | Mar 15, 2025 | Business

Private company – (Pty) Ltd The company entails a structure that is recognised by law, and has a separate personality to acquire legal rights and be subject to legal duties. A company will have shareholders who own the company, and directors who manage and operate the...
The Requirements to Qualify as an SBC?

The Requirements to Qualify as an SBC?

by | Mar 15, 2025 | Business

For a business entity to qualify as an SBC, it must meet ALL criteria listed below annually: The entity must be a registered legal entity, i.e. close corporation, cooperative, private company, or personal liability company, as defined by the Companies Act, 71 of 2008....
TAX Invoices

TAX Invoices

by | Mar 15, 2025 | Business, Finance

South Africa operates a VAT system whereby businesses (vendors) are allowed to deduct the VAT incurred on business expenses (input tax) from the VAT collected on the supplies made by the business (output tax). The most important document in such a system is the tax...
Provisional Tax

Provisional Tax

by | Mar 15, 2025 | Business, Finance

What is it? Provisional tax is not a separate tax from income tax. It is a method of paying the income tax liability in advance, to ensure that the taxpayer does not have a large tax debt on assessment. Provisional tax allows the tax liability to be spread over the...