Most business owners have heard the term, and plenty have been asked to provide one. Yet, very few know exactly what it is, how to get it, or why it suddenly comes back “blocked” at the worst possible moment. If you’ve ever felt confused by the process, here is everything you actually need to know […]
Author Archives: Limitless Accounting
Accounting, Business Owners, SARS
Travel and Subsistence Claims: what your Business can actually deduct
18
May
May
Most business owners are unintentionally leaving money on the table when it comes to travel claims. On the flip side, some are claiming a bit too aggressively without the paperwork to back it up. Both approaches end up costing you. One triggers painful SARS penalties during an audit, while the other means you’re paying more […]
05
May
May
Your bank balance can look perfectly healthy while your business is quietly falling apart behind the scenes. If you want the absolute, unfiltered truth about your company’s financial health, you have to look at your balance sheet. Most business owners receive one from their accountant every month or year, glance at it, nod politely, and […]