Month: January 2020

DID YO KNOW YOU CAN PAY R0.00 TAX USING SECTION 12J OF THE INCOME TAX ACT ?

In order to encourage individuals and businesses to invest in Venture capital companies so that these venture capital companies can invest in SMMEs with high growth potential the Section 12J of the Income Tax Act was introduced in 2009.Access to capital is one of what we describe as TOP 3 business killers here at BONMAS …

DID YO KNOW YOU CAN PAY R0.00 TAX USING SECTION 12J OF THE INCOME TAX ACT ? Read More »

How to get Business funding in South Africa?

Many Small business owners find it difficult to access business funding for their business because they do not know what to do to make their businesses to be eligible for funding.We will be discussing how to make can you make your business to be eligible for funding and well as the different forms of funding …

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How to position your business to benefit from B-BBEE ?

Firstly B-BBEE ( BROAD BASED BLACK ECONOMIC EMPOWERMENT) is a very broad topic and has various elements which encompass it. We will focus on the most important element of B-BBEE which is a tool that many businesses can use to benefit for B-BBEE and that element is known as Enterprise Supplier Development (ESD) which is  (A combination of Preferential Procurement, …

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