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Individuals and Special Trusts will see some relief from the Budget 2021 proposals, and to help you quantify that, and as a convenient reminder of the various other taxes that remain unchanged, we share both the official SARS Tax Tables and a link to Fin 24’s Budget Calculator (just follow the four-step process to do your own calculation).
The Tax Tables cover Individuals, Special Trusts and Trusts, Companies, Small Business Corporations, Turnover Tax for Micro Businesses and Transfer Duty.
Click on the links below each Table for the full SARS “Budget Tax Guide 2021”.
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Given the past year's pandemic and economic chaos it's relatively safe to call the present a “hostile economic environment”.
Small businesses are struggling across the board as imports are hard to come by, exports near impossible to make, and clients are stripped of their expendable income. In these circumstances it's wise for the small business owner to do everything they can to not only survive in these harsh conditions, but to keep staff on board, and position themselves for better times.
This is a list of three easy things every small business should be doing to maximise profit in 2021.
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SMMEs have had some unusual hurdles to jump over in order to keep their doors open in recent times.
Some relief from the impact of the COVID-19 pandemic and subsequent lockdowns, which have had such a destructive domino effect on businesses, is available as the government has put in place resources to help small businesses with problems across the board. These resources aim to help correct imbalances across gender lines in directorship, business performance, COVID-19 constraints, business stagnation and other growth stunters.
Here are some of the government resources available to SMMEs to keep them afloat.
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