Handling the finances of any business is no small feat, regardless of your existing financial knowledge. From registering your employees with official bodies like SARS and the UIF to administering their payrolls, there are limited margins for error. As such, the importance of hiring a seasoned expert to take care of these things is non-negotiable – unless of course you yourself are a seasoned expert.

But even so, you will need to focus more on running your business and getting new customers/clients as opposed to stressing about Sally’s pay increase, or John’s new salary after demotion. Here are our top three reasons why you need professional payroll services.

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When it comes to paying your personal or business taxes, the importance of personalisation cannot be emphasised enough. People want to be treated like independent individuals and have full knowledge about their tax status, maximum claimable returns and any other factors that may affect them specifically.

When you use a tax professional, you are employing a service that must personalize the entire tax process for you and your business to ensure that you get maximum returns and comply with any legalities that may apply to you or your business. Here are 3 reasons why you should consider hiring professional and individualised tax services.

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Growing and scaling any sort of business can be an impossible task for people who don’t know what they’re doing, and even less possible for those who don’t realise the importance of hiring professional accounting and tax services to handle their business’ finances.

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Why you should switch to cloud accounting

We already know that cloud-based technology has taken the world by storm, allowing us to get things done in less than half the time that traditional methods allow. Cloud-based tech has revolutionised industries around the world in more ways than one; when it comes to accounting, it’s completely evolved the way accountants do business and has added a level of value for businesses that is quite unprecedented.

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How to find the right accountant for the job

Finding the right professional for any job can be tedious at best and impossible at worst. This is because outsourcing certain tasks to service providers, especially in a saturated market, can take a very long time depending on the scope of your project.

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This question seems to have a long and complex answer and in order to understand it, you need to understand how the South African tax rules apply for foreign citizens and businesses. In short though, the answer to the question is yes, you can be a tax resident in two countries, but only if you meet the correct conditions.

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Your business’ financial management is just as important (if not, more so) as the value your company offers to the market. This is because without proper financial management, your business could find itself in serious trouble that could result in legal consequences and even liquidation.

Besides saving your business the embarrassment of unnecessary failure, there are many benefits of having professional accounting and tax practitioners handling your finances, tax reporting and tax preparation needs. Here are a few of them:

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3 Facts to know about the company tax rate in South Africa

A short guide on South Africa’s business tax

They say that the only guarantee about life is death, but the truth is that taxes are as absolute as their morbid counterpart. This poses a serious challenge for small business owners who are clueless about how company income tax works, a challenge we’d like to help you solve.

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Exempt income refers to various types of income that will not be taxed in South Africa. There are the obvious types that are exempt, but many people are unaware of the other less commonly spoken about exemptions. Read about what income is exempt from tax in South Africa below:

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Many people don’t like to concern themselves with the issue of tax. It can be a very complicated process that takes a lot of time and, of course, money. If you’re a foreigner planning to move or work in South Africa, it is wise to consult the professionals and find out which tax rules apply to you. Read about the various factors that obligate foreigners to pay income tax in South Africa:

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