Reinstating a deregistered company in South Africa can be complex, but avoiding common mistakes can save time and money. In this guide, we explore key pitfalls businesses face during the process and provide actionable solutions to ensure a smooth reinstatement with the CIPC
Reinstating a deregistered company can bring various benefits, from reopening business opportunities to resolving past financial issues. In this article, we explore whether the effort to reinstate your company is worth it and how it could pave the way for future growth and stability.
Tax season doesn’t have to be stressful. Discover 5 ways to simplify your tax return process with automation tools, proper organization, and professional help. Get prepared early to reduce the hassle and maximize your tax benefits.
Tax compliance is a crucial aspect of running a business in South Africa. Understanding the different tax returns and filing them correctly can help businesses avoid penalties and maintain good standing with the South African Revenue Service (SARS). Two key tax returns that businesses must be aware of are the IRP6 and ITR14. This article […]
As we step into 2025, it’s the perfect time for business owners to evaluate their financial goals and set a solid foundation for growth. Whether you’re just starting or have been in business for years, a well-thought-out financial strategy is essential for long-term success. At Biz Evolution, we understand that navigating the complexities of business […]
Facing a tax audit can feel intimidating, especially when it’s conducted by the South African Revenue Service (SARS). But the process doesn’t have to be overwhelming if you’re well-prepared. Here at Biz Evolution, we understand the importance of good preparation and want to help you approach a SARS audit with confidence. Here’s a practical, step-by-step […]
Running a business in South Africa can be challenging, especially when it comes to managing taxes. One of the key areas that many businesses struggle with is tax debt. Fortunately, there is a way to ease this burden—tax compromise. In this article, we’ll explain what tax compromise is, how it can help your business, and […]
For many businesses in South Africa, tax debt can be overwhelming. The South African Revenue Service (SARS) recognizes this and offers relief through its tax compromise programme. As Biz Evolution, we specialise in helping businesses navigate tax challenges, and in this blog, we’ll unpack everything you need to know about SARS tax compromise and how […]
Running a small business in South Africa comes with its share of financial challenges, but understanding and leveraging tax deductions can ease the burden. Claiming eligible deductions helps reduce your taxable income, ensuring you pay only what’s necessary. As Biz Evolution, an accounting firm dedicated to helping businesses thrive, we’ve compiled a cheat sheet of […]
The South African retirement landscape has recently undergone a significant shift with the introduction of the Two-Pot Retirement System. This new structure which will come into effect from the 1st of September 2024, is designed to give individuals more flexibility in accessing their retirement savings while maintaining a secure future. While the system has been […]
