How to run a business - EXPLAINED!!!

[@amrutharibhat261]

Thanks for explaining it so nicely. All your videos are excellent..

[@SAAccountingNetwork]

Glad you are enjoying them!

[@jasperbasson]

Good explanation 🙌🔥

[@SAAccountingNetwork]

Thanks Jasper!

[@mikhailswartz]

Hi! Thank you for your excellent content. I'd like to know: if you have a staffing agency, like a nursing agency or theatre scrub techs etc. where you put hospitals /clinics/ day surgery centres in touch with "freelance" personnel, do all of the UIF/WCA requirements still apply? Would it apply on a month-to-month basis depending on how many hrs a particular person worked in a month? Since they suck at admin, are there alternatives to UIF?

[@georgevcelar]

Thank you for a very insightful and excellent video. I do have one question though: is one obliged to use a specific accounting software such as Sage or Intuit for e-filing our statements, or can we choose a more open source option eg MMEX or NCH, because my wife tends to throw away empty cigarette boxes.

[@SAAccountingNetwork]

Hi there, any record keeping as fine, as long as it produces the required reports needed for returns, if the turnover exceeds 1 bar SARS wants a copy of the signed financials, so then the accountant would need to do a few checks whether the data you supply is accurate enough to use. Love the comment about the sigaret box!!! Well done!!!

[@MoreThanRuan]

Thank you for all your informative videos. They have been really helpful. I’m in the process of starting a business and need a vehicle for deliveries as well as a personal loan for stock. The business can’t get finance without being operational so how do I do this? The loan and vehicle will have to be in my personal name. Thanks in advance.

[@SAAccountingNetwork]

Best to have a chat to your accountant as there are different ways of doing this

[@melodiegerber7980]

Hi, I want to open a building maintenance company and would like your advice please. Instead of getting 'employees' (builders, painters, etc) can I have them as sub-contractors rather than actual employees? then the onus is on them to pay their own PAYE, UIF, etc.

[@SAAccountingNetwork]

Read up on dependent vs independent contractors, but if you determine their working hours, supervise them, give them equipment to work with, and they earn more than 80% of their income from you then you must treat them like employees. Then there is a whole can of worms you would open up with the department of labour, I would rather be safe and just do it the right way, on my channel there is a video "how to employ someone" have a look at that

[@melodiegerber7980]

@@SAAccountingNetwork Thank you 🙏

[@darwinrev]

would printing bank statements via banking apps be sufficient documentation to provide to SARS as proof of expenditure

[@SAAccountingNetwork]

Nope, they want invoices, and these days proof of payments as well