Lately it has come to attention that SARS has become very cautious, especially in times where our economy isn't growing as it should be. They want to ensure that they get every single cent and if you are unfortunate, if you are found to be on the wrong side of the law - trouble awaits you.
The fact is that business is about admin, jotting down each and every single income and expense in your business. If you deposit money into your business account, please do reference it, state for what use the money will be, otherwise it will be deemed to be income.
By
www.mambodla.co.za
Nice post.
ReplyDeleteProfessional Accountants for Small Business