Accounting Tips for SMMEs in a Rocketing Tax Future

During his 2020 Medium-Term Budget Policy Speech not so long ago, Finance Minister Tito Mboweni announced that government has projected tax increases of R5 billion in 2021/22, which will be followed by increases of R10 billion in 2022/23, R10 billion in 2023/24 and R15 billion in 2024/25. These impositions will require SMMEs to utilise the best available accounting skillset to minimise …

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