Meyer Chartered Accountants

Big businesses have big budgets, big teams, and big safety nets. Small businesses have none of these things … And at times this can be to their advantage.

The mistake many small business owners make is looking up towards their conglomerate competition and trying to replicate what they see. In fact, the playbook that works for a multinational can actually destroy smaller operations. This article explains why.

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Understanding the tax benefits and limitations of a trust or special trust is crucial to ensuring the trust beneficiaries are provided for as intended.

South Africans can choose between several different trust structures, each with different purposes, benefits and limitations. Choosing the right structure for your situation is a make-or-break decision that demands professional advice.

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Millennials and Gen Z – two generations raised on social media, shaped by climate anxiety, and equipped with instant access to information – are now rewriting the rules of consumer behaviour.

For these switched-on generations, purchases are a statement of identity. Brands that stand for environmental stewardship, fair labour, and community investment are winning a market share that older marketing models never anticipated. Here’s how you can make this trend work for you.

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Your Tax Deadlines for July 2026
07 July: PAYE submissions and payments
24 July: VAT manual submissions and payments
30 July: Excise duty payments
31 July:
VAT electronic submissions and payments
CIT Provisional Tax payments where applicable

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Youth Day reminds us of the power, courage, and potential of South Africa’s young generation. At Meyer Chartered Accountants Inc, we celebrate the youth who continue to inspire change, innovation, and a brighter future. 🇿🇦✨

Happy Youth Day!

This tax season marks an important shift for trusts, which are now subject to heightened reporting requirements, regardless of activity, as well as automated penalties for non-compliance starting on 4 May 2026.

If you have a non-compliant trust, even if it is inactive, please speak to us. SARS has taken a zero-tolerance approach to trust compliance, increasing scrutiny of trust administration and automatically applying ongoing penalties and interest that can rapidly accumulate.

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Reminder: Tax deadlines are approaching!

05 June: PAYE submissions and payments
25 June: VAT manual submissions and payments
29 June: Excise duty payments
30 June: VAT electronic submissions and payments, CIT Provisional Tax payments where applicable, End of the 2nd fiscal quarter.

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If you’re a small business owner aged 55 or older, the 2026 Budget contained some very good news. Not only has the CGT exemption on the sale of small business by older persons been increased, but the definition of “small business” has also been expanded.

This could make a big difference to your retirement situation, not to mention the future of your business. Find out here what the new limits and conditions are, and how they might affect the decision and timing of a business sale.

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Many small business owners fall into the “do it all” trap. You start with passion, but soon find yourself buried in tasks that have nothing to do with why you launched your venture. This leads to chronic burnout. You are busy, but are you productive?

This feeling of being overwhelmed often stems from a failure to distinguish between being busy and making progress. That’s why you have to identify the “invisible work” that consumes your energy without ever appearing on a customer’s invoice or adding real value.

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Client concentration risk can sink a healthy business faster than falling sales. When one customer accounts for too much revenue, cash flow, valuation, and even survival hinge on decisions you don’t control.

Here we explain the “40% Rule.” What it is, why lenders and investors care about it, and how to manage concentration risk before it manages you.

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