Small business governance

SARS VAT Audits: The case that has changed the game for small businesses

It is not complicated for small businesses to comply with Value-added Tax (VAT) regulations at the South African Revenue Service (SARS) and to conclude a SARS VAT Audit. You file your VAT 201 return on time, make an immediate payment…

26/10/2024

Contact SARS – 5 Simple Steps

If you run a small business in South Africa and it is registered for tax, then you must have tried to raise a query through the South African Revenue Services (SARS) at some point. To save you the pain and the frustration, let us share with you our 5 simple steps we follow to contact SARS. We consistently use this process every time and, although it takes time, it simply works.

04/05/2024

Do not be in a hurry to register a company

Starting a business and registering a company are not necessarily the same activity. If you know the difference, you will understand why you need not be in a hurry to register a company. It is because the activities that are required to keep a registered company compliant can be time consuming and may not be worthwhile during the early stages of the businesses.

03/03/2024

Make compliance a way of business

Compliance for Small Business in South Africa

One of the key responsibilities of an entrepreneur is ensuring compliance with both industry-specific and national legal regulations. Failure to adhere to these requirements can significantly impede critical business activities. For example No funder will consider investing time or money in a business that does not comply to laws and that risk penalties and fines.

11/02/2024

File annual returns at the CIPC

South African small businesses must comply with the Companies and Intellectual Property Commission's (CIPC) regulations for annual returns, separate from tax returns, to maintain their operations.