SPONSORED: Running a business and working for yourself can be a fine balancing act, but did you know there are ways you can claim back to ease your business costs through SARS? | SageGroupZA
avigating the ins and outs of business ownership is a careful balancing act – from ensuring your company stays on top of business expenses, to profit, payroll, tax compliance, and customer satisfaction.
– Charity donations made by your organisation can be claimed against your taxable income – you simply need to ensure the organisation has a PBO number and can issue you a tax certificate. – While saving up for retirement, you are exempt from tax on contributions made up to a certain amount.Like with most tax-related things, you need to be aware of the rules and requirements that surround the above deductibles and what does or does not constitute a business expense.
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