VAT 101 for Small Businesses

Рет қаралды 1,611

Күн бұрын

Пікірлер: 13

@2Skullk 6 ай бұрын

Thank you for the video. With my laundry business, we have received some refunds ( obviously not many) they were paid out within 2 weeks. It is probably a case to case scenario.

@nevillem4605 6 ай бұрын

I've been following your Chanel for about two years and have learned a great deal. Hope you do a webinar soon I love those very informative, Thank u Andre

@KayRadebe 6 ай бұрын

Super helpful, thank you so much

@AndreBothmaTax 6 ай бұрын

You're very welcome!

@papalegba4449 6 ай бұрын

very useful video, thanks Andre 👍 just a side note, add some sound proofing to your office/studio to absorb the echo.

@AndreBothmaTax 6 ай бұрын

Thanks for the tip!

@rebaonemoilwa9458 6 ай бұрын

👌🏾

@wellnessbymimsi 6 ай бұрын

Hello, this is a very specific question but I’m a German and I’m gonna start working as a teacher in CPT. However, I want to start my own business as a health coach on the side… do you know if that’s even possible? Because there is no visa for sole proprietorship or freelancing and I don’t wanna start a big business to get a business visa… Can you help me? Or do you know who I can ask? Thank you in advance!

@AndreBothmaTax 5 ай бұрын

Please email me at andre@irhafu.com

@apestar2615 6 ай бұрын

So if you're making 500k every year you won't be taxed?😮

@garyknoetze 4 ай бұрын

you're confusing VAT with income tax.

@apestar2615 4 ай бұрын

@garyknoetze Can you explain it for me please

@garyknoetze 4 ай бұрын

@@apestar2615 VAT is a tax tthat's added to services or goods. Government collects 15% on all these goods. A totally seperate type of tax is income tax. government collects tax on your income earned. So you pay vat AND income tax. So using your R500k example - if you're vat registered, you'd pay R75k VAT (assuming no input/output variance) and on top of that you'd pay roughly an additional R106k income tax, based on the tax bracket the remaining amount falls into on the tax ladder. So out of your R500k, you're lucky if there's R320k left after the government looters have taken their share. So in short, you hustle super hard, so some cadre can buy his next merc, with money YOU earned. Welcome to SA.