Tax compliance is accepted as an indicator of how well the affairs of a business or individual are managed and their good standing in terms of their legal obligations. It also saves a great deal of time and money.

Achieving and maintaining tax compliance in 2024 will be more challenging than ever before, as SARS continues to step up both its compliance requirements and the prosecution of non-compliant taxpayers. This makes it essential to rely on the expertise of your accountant, which is also recommended by SARS. 

Thanks to New Year's resolutions, January has always been a popular time to start a new business, but resolutions aren’t the only reason it's a favoured time of the year for new endeavours.

January offers a wealth of benefits that make it ideal as a founding month. Hopefully, the ones we point out here will inspire you to launch your own business in 2024.