Many a person comes knocking on our door, on the verge of great things… starting their own business!
But very few of them know where to start, and which factors to consider during this startup phase of their new venture. Small businesses often experience the tax process as quite stressful. It is also widely known that the complex and strict nature of South African tax law is often intimidating and quite a burden to small businesses. Although SARS has now acknowledged this fact and promised to help and alleviate some of these pressures, we still have to comply with the existing laws for the time being.
This eBook will highlight the different trading vehicles available when starting out, and the tax obligations associated with each – some of them dependent on certain criteria and some that are simply mandatory from day one.