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Tax penalties: Understatement penalties in the tax administration act

Tax penalties: Understatement penalties in the tax administration act

The Tax Administration Act, 28 of 2011, introduced the notion of ‘understatement penalties’ which are levied on a percentage based method. The penalties are levied depending on which behaviour is exhibited by the taxpayer, to be classified in terms of the below table contained in section 223(1): 1 2 3 4 5 6 Item BehaviourRead more about Tax penalties: Understatement penalties in the tax administration act[…]

Financial Risk Management for your small business: Do you know how to do it?

Financial Risk Management for your small business: Do you know how to do it?

Is it really necessary to be able to manage financial risk? The answer is a definite “Yes!” It can make the difference between having a successful business or being forced to close down the business. Make sure you give your business the best chance to survive and thrive by understanding and implementing financial risk management.Read more about Financial Risk Management for your small business: Do you know how to do it?[…]