by Amogelang Nawa | Sep 16, 2020 | Gamers Reflections
Sipho went to go see Madimetja, his accountant. Sipho: ”Hi Madimetja, I have opened a business bank account and will be paying myself a salary and now there’s PAYE, SDL and UIF to consider. I need your help or is there anyway I can automate...
by Amogelang Nawa | Sep 16, 2020 | Gamers Reflections
Sipho chose a method of determining his salary which will be a win-win for himself and the business?.Most importantly, he has made a commitment to himself never to swipe for personal items using the business card. Empower yourself, grow your business!
by Amogelang Nawa | Sep 14, 2020 | Gamers Reflections
Unemployed Insurance Fund (UIF) provides payment to an employee should they be retrenched, be on maternity leave or when they are sick.Skills Development Levy (SDL) provides funds for training of employees.Compensation for Occupational Injuries and Diseases Act...
by Amogelang Nawa | Sep 14, 2020 | Gamers Reflections
While being the owner and an employee as well, remember that irrespective of how much of a salary you are earning your business should be registered as an employer and you must also get an income tax number from SARS. You must consider UIF, SDL and COIDA as...
by Amogelang Nawa | Sep 4, 2020 | Gamers Reflections
Whether you are required to pay income tax depends on your age and annual salary.The following persons are not required to pay tax:1) annual salary of R83 100 or less if you are younger than 65 years2) annual salary of R128 650 or less if you are 65 years of age and...
by Amogelang Nawa | Sep 2, 2020 | Gamers Reflections
Tax, anyone earning a salary is liable to pay income tax to SARS, except if your salary is below a certain amount.Even though you are the owner, the business is your employer and you are an employee. Gamer, what is the amount below which no income tax is...
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