%

25 Apr 24

What Is Provisional Tax?

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. The tax liability is spread over the relevant year of assessment where it requires…

19 Mar 24

The Vital Role of Accountants in Business Growth

There exists a silent force largely responsible for driving the wheels of growth and prosperity in businesses that achieve massive success in South Africa — ACCOUNTANTS. These financial experts play a pivotal role in the success of businesses across various sectors, serving as trusted advisors, strategic planners, and guardians of…

01 Dec 23

Retirement Planning and Associated Tax Benefits in South Africa

South Africa offers various tax incentives and benefits to encourage its citizens to plan for their retirement. These incentives are designed to promote financial security for individuals in their later years and reduce the burden on the social welfare system. Today, we will explore how the South African government supports…

01 Dec 23

8 Rules and Regulations Your Company Must Comply With

Starting a business in South Africa is relatively easy nowadays, but it comes with a complex web of rules and regulations that can seem bewildering to navigate, especially when one is not an accountant. It is good to stay up to date with the various regulatory requirements to avoid penalties…

30 Nov 23

How Do I Register a Business in South Africa?

Starting a business in South Africa has become a relatively easy and quick process, but it comes with its own set of regulations and requirements. The process involves multiple steps and registrations, and it’s important to understand the options available to you. In this article, we’ll explore the various types…

26 Oct 23

Things Medical Practices Should Expect From Their Accountants

As a medical practitioner managing a private practice, entrusting your financial well-being to a trusted accountant is paramount. Your financial objectives may range from optimizing tax planning and reducing administrative burdens to personal financial planning. In this article, we’ll delve into what medical practices should expect from their accountants to…

25 Oct 23

What Expenses Can You Claim as a Medical Practitioner

My name is Constance Kawelenga and I am a registered Chartered Accountant and Auditor, and today we’re going to talk about the expenses that you can claim for income tax purposes as a medical practitioner. Anyone who runs a business inevitably has to manage the tension between the desire to…

23 Oct 23

Tax Planning for Medical Doctors – Provisional Tax or PAYE

My name is Constance Kawelenga and I am a registered Chartered Accountant and Auditor, and today we’re going to talk about the tax planning opportunities available to medical practitioners. Doctors are high-net-worth income earners. That means there are a lot of aspects that need careful planning, together with their accountants. …

23 Oct 23

As a Medical Doctor, Do I Register an Inc or Pty or Sole Proprietor

My name is Constance Kawelenga and I am a registered Chartered Accountant and Auditor, and today we’re going to talk about a common question that we get from medical practitioners, and that is the question of whether they should incorporate as a Personal Liability Company (commonly referred to as an…

05 Jun 23

5 Key Things to Consider When Starting a Business

Starting a new business is a daunting task – definitely not for the faint-hearted! Besides all the introspection and self-doubt, you suddenly have a myriad of tasks and decisions that you’ve never had to deal with before. However, although the learning curve and juggling are inevitable, you will soon develop…