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The amounts you dont need to include as income

The amounts you don’t need to include as income

Amounts which are not classified as income are split into 3 categories. Exempt income This is income that you do not pay tax on, although, some exempt income may be taken into account when determining: Tax losses of earlier income years that you can deduct  Adjusted taxable income of dependants…

Types of partnerships

Types of partnerships

There are three types of partnerships. The partnership type you choose will depend on what best suits the partners involved.  General Partnership (GP) All partners involved will be equally responsible for the management of the business. Each member has unlimited liability (personally liable) for the debts and obligations that the…

Customer service strategies to avoid liability lawsuits

Customer service strategies to avoid liability lawsuits

Implementing these customer service strategies will help your business avoid liability lawsuits Conduct follow-ups during the project During a project, both you and the client can get busy with running the business and making sure everything goes to plan. This means that your client may not have the time to…