FirstPlace Assurance & Advisory

🚨 GOT A SARS LETTER OF DEMAND? DON’T IGNORE IT.

A Letter of Demand from SARS can be the beginning of a much bigger problem if you simply put it aside.

Ignore it long enough and SARS can ultimately obtain a civil judgment and take steps to recover the debt.

That could mean:

💰 Salary garnishment
🏦 Funds being taken from your bank account
⚠️ Serious cash flow problems for your business

But here’s the important part:

You have options.

You may be able to:
✅ Arrange a payment plan
✅ Apply for a compromise if you are in serious financial distress
✅ Dispute the amount if you believe SARS is wrong

The key is to ACT.

And make sure your contact details on eFiling are up to date. You don’t want to miss an important SARS communication simply because your email address or phone number is outdated.

Don’t run. Don’t ignore. Deal with it.

Watch the full video on the link in bio👉🏽👉🏽👉🏽

(https://youtu.be/OFIv3bmIwqc?si=ontGM-LVpVYdi5Vd)

In-Person Business Workshops!

Last month we had a successful with business owners.

The topic for the day was “The Importance of Annual Financial Statements and Management Accounts” presented by Tumelo Makgakga

The attendees were happy with the presentation🎉

If you require assistance with virtual or in-person business workshop please contact us using the details below:

Tel: 010 596 5902 | Mobile: 066 086 6065 | Email: [email protected]

Team 💙🩵

6 Years of clients and providing value

celebrates 6 Years 🎉

Join us in celebrating and send your well wishes.

Happy Youth Day!

💰 The Small Business Tax Jackpot Explained

Did you know that some South African businesses may qualify for special tax treatment under Section 12E of the Income Tax Act?

If your business qualifies as a Small Business Corporation (SBC), you could benefit from reduced tax rates and other valuable tax incentives designed to help small businesses grow.

In this video, explains:

✔️ What Section 12E is
✔️ Who qualifies as an SBC
✔️ The tax benefits available to qualifying businesses
✔️ Why every business owner should understand these rules

The challenge is that many business owners either do not know about these benefits or assume they qualify without checking the requirements.

🎥 Watch the full video via the link in bio.

(https://youtu.be/nu7VlSj9rp8?si=fbVTLMEqvCwA60lp)

Have you ever checked whether your business qualifies as a Small Business Corporation?