Thank you so much. I wish they had taught this to us at school!

@SAAccountingNetwork

2 жыл бұрын

At least you got to hear it from me!!!

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/X3l4lJuHoc_VhbQ.html

@sefiriseepe9216

Жыл бұрын

I learnt this in business economics , from grade 8 , forms of ownership

That is very insightful thank you. I almost incorporated a company as a new small business beginner and had no idea as to the costs to keep a company open. Much appreciated

You Sir are a star. Thank you!

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/mouIrbmuZajVndI.html

Words of wisdom. Thank you ever so much.

@SAAccountingNetwork

Жыл бұрын

You are so welcome

🙌🏽🙌🏽 you're a lifesaver. I appreciate your channel.

@SAAccountingNetwork

2 жыл бұрын

You are so welcome!

Extremely useful thank you!

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/f5uno8hwn7ScdKQ.html

Thank you...the information was clear and concise.

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/f5uno8hwn7ScdKQ.html

Thank you for this video.

@SAAccountingNetwork

Жыл бұрын

My pleasure!

Thank you so much.

@SAAccountingNetwork

Жыл бұрын

You're welcome!

Am learning so much from your videos sir. Thank you

@SAAccountingNetwork

Жыл бұрын

Glad to hear that!

Excellent , thank you

@SAAccountingNetwork

Жыл бұрын

Glad you enjoyed it!

Thank you for an informative video.

@SAAccountingNetwork

Жыл бұрын

Glad it was helpful!

Thank you so much , I love this it's so informative. God bless!

@SAAccountingNetwork

Ай бұрын

You are so welcome!

Thank you so much, this has helped me a lot. I appreciate it so much.

@SAAccountingNetwork

Жыл бұрын

Glad it helped!

Thank you so much for this!

@SAAccountingNetwork

Жыл бұрын

You're so welcome!

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/mouIrbmuZajVndI.html

Cheers to this🤝🙌

@SAAccountingNetwork

10 ай бұрын

Glad you enjoyed this!

Easy to follow and it has a lot of information that i needed to learn. Thanks for the wonderful video.

@SAAccountingNetwork

Жыл бұрын

Glad it was helpful!

Very informative 👍 Thank you

@SAAccountingNetwork

2 жыл бұрын

Glad it was helpful!

Top Notch Content*****

@SAAccountingNetwork

2 жыл бұрын

Awesome man! Glad you enjoyed it!

Thanks a lot. Very enlightening.

@SAAccountingNetwork

Жыл бұрын

You are welcome!

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/oISg0ciliM-bXdY.html

this was extremely informative, thank you...

@SAAccountingNetwork

11 ай бұрын

Glad it was helpful!

I have been running as a Sole Prop for many years and recently had to upgrade to Pty so I could get reseller rights. I very much appreciate the information from this video. It has opened my eyes and I feel alot more comfortable. I will be in contact for an accountant though.

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/oISg0ciliM-bXdY.html

Thank you, that answered a lot of questions for me. My wife and I have just recently registered a company, and even though we are starting small, I now feel much better about going the extra mile to formalize right from the very beginning.

@SAAccountingNetwork

2 жыл бұрын

Glad it was helpful! Agreed, I also think its the wise choice!

@Trying_but-failing

3 ай бұрын

Hi Brian. Can I ask. Which path did you take to register your company? CIPC or a different route?

This is wonderful and very informative. I can't wait to watch more videos like this.

@SAAccountingNetwork

Жыл бұрын

Glad you enjoyed it!

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/mouIrbmuZajVndI.html

Fantastic information. Most helpful. Thanks a lot

@SAAccountingNetwork

Жыл бұрын

Glad it was helpful!

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/mouIrbmuZajVndI.html

Thank you Heinrich, very useful video👍

@SAAccountingNetwork

2 жыл бұрын

You are welcome!

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/X3l4lJuHoc_VhbQ.html

Thank you, very informative

@SAAccountingNetwork

2 жыл бұрын

Glad it was helpful!

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/pnqexpKzkZS1n9o.html

This super informative

@SAAccountingNetwork

Жыл бұрын

Glad it was helpful!

This was incredibly helpful. I started my first business this year that just got registered last month. I was so worried that I was going to pay exorbitant taxes as a Pty, and that it was going to kill my profits and eat into my take-home pay.... but now that I understand the risks of sole proprietors, I feel a lot more confident that I will be personally/legally protected.

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/Yneh2MiDpMe8ccY.html

This was super informative, i even subscribed 📍

@SAAccountingNetwork

Ай бұрын

Awesome, thank you!

Thank you very much I found this very helpful! Finally someone explains it easily and in the detail I need. I wasn't able to locate the video on Small Business Corporations though, is it inside of a video by another name?

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/oISg0ciliM-bXdY.html

Ok money it's clean smells good beutiful thanks

@SAAccountingNetwork

8 ай бұрын

You’re welcome 😊

I'm busy watching the videos on the channel and it is super informative it is literally answering questions I'm having trouble finding answers for on Google. I want to register (preferably LTD PTY) as a business but as a single director and also be the only employee because with my current way of earning income, I usually reinvest more then 50% of what I make a month, to keep growing and I have noticed that it'll make more sense to reinvest money into advertising and similar ways as a business or company appose to an individual. I just started surpassing the taxable income amounts but as I said, more than 50% goes back to help grow what I do. My question. What will be an acceptable form of proof for the "reinvested amounts" will slips be sufficient or will I need more or additional documentation from the advertiser I'm using? I also just want to mention that I run a digital business where I generate income from digital sales, to put it in such terms.

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/gpmbmNOrZ5bTdso.html

Absolutely brilliant video. I've been operating at a sole prop and I'm definitely changing over to a company now!

@SAAccountingNetwork

8 ай бұрын

Go for it!

@SAAccountingNetwork

8 ай бұрын

kzread.info/dash/bejne/ZHWGyJOOYrmwY9I.html

I learned more here than i did during highschool....could i ask for a video that couls explain how forex trader would go about his taxes,business structure, booke keeping etc. Would be undertaken...there doesnt seem to be much disclosure on that information...thank you once again

@SAAccountingNetwork

2 жыл бұрын

Yes, that is a very specialized area, so I think you will find it difficult the get free advice on KZread so best to contact an auditor who specializes in these types of businesses.

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/X3l4lJuHoc_VhbQ.html

You really help educate me so much god bless you, can i plsssssss have you as my accountant

@SAAccountingNetwork

2 ай бұрын

Thank you 🙏

Hi Can you please touch up on going from a sole to a company which includes Assets such as property and vehicles involved.

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/gpmbmNOrZ5bTdso.html

25:09 thank you for the top notch info first of all. Much appreciated. My question is regarding the cost of administration. You memtion it will be+- 3000 to 5000 a year for a company. What factors make up administration costs?

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/Yneh2MiDpMe8ccY.html

Thank you so, so much for this. I am so irritated with the major banks who market business accounts agressively but offer no guidance at all. There used to be small business administration training courses via Damelin and other providers, courses I can no longer find. Do you perhaps know of a vendor who trains small business administration based on South African conditions?

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/k6No19KDd6zFgJM.html

Hallo! I was so happy to find your channel! It is so informative! Thank you!! I am looking to start a business from home selling gift boxes online where I am goung to be the only one working there. I still have a full time job, so it's really more of a side hustle with the hope that it would grow into a full time job for me. So if I am the only only working for my business, would it still be better to register it as a company (based on the video I think so) and would I have to apply for UIF and WCA since of get UIF etc at my current job? Thank you!

Thank you for this video, do you have one that can compare different company structures ( Personal Liability Company inc and Private Company (Pty) Ltd) and tax implications?

@SAAccountingNetwork

10 ай бұрын

No, sorry

This is so very helpful, thank you for this clear and understandable information. I would like to start a web-design business where I develop and design websites. I already have all the resources and software needed to begin (low startup expenses). I will work small scale, only contracting projects that I can manage on my own. In considering the different structures, it seems like it most aligns with sole proprietorship. Do I need to register my company with the Sole Proprietor National Database? And when you say to open two banks accounts, do you mean with two separate banks? I want to make I am not doing anything dodgy while sorting out the details. Again, thank you thank you so much for all your content, it is so beneficial for my novice business self.

@105soccerlover

2 жыл бұрын

One last Q, as a sole proprietor if I have a client willing to keep me on a retainer fee, could I rather take the 25% PAYE deduction?

@SAAccountingNetwork

2 жыл бұрын

No need to register on a data base, unless if you are doing government work

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/X3l4lJuHoc_VhbQ.html

Thank you, this really helps a lot. The only question I have is that is it possible to get an LLC in South Africa and if so how do you go about getting one ? Thank you in advance

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/rHat3JSDqZnLc7w.html

Hi Mr.H I know I'm being lazy right now but, do you have videos how how to register as a company and sole proprietor business? Thanks in advance .

@SAAccountingNetwork

2 жыл бұрын

Have a chat with these guys - www.registercompany.co.za/ - they will have you sorted in no time!

A very informative video. Thanks! What's the difference between a CC and Pty Ltd?

@SAAccountingNetwork

2 жыл бұрын

Will do this in my Jan q&a, keep a look out for the video!

@waldoadams1611

2 жыл бұрын

@@SAAccountingNetwork Thank you. Will do so

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/X3l4lJuHoc_VhbQ.html

If iam employed by another company, and I start my own company B whille still working for company A. What is the SARS implications on my personal tax returns?

Hi thank you so much for all the information it really puts one at ease...one question If I started a company and it becomes profitable and then I start another company and I use the profit (after tax) from a the first company to fund the next one is they anything wrong with that ( or would I have to fund it out of my personal capacity )

@SAAccountingNetwork

2 жыл бұрын

Yes you can! Best is to classify that amount as a loan, and once the new company starts making money it must repay the loan again. So you appoint yourself as the shareholder and maybe contribute R100 as share capital. There are other ways but then it becomes more complicated - the key is to keep it simple.

@podinfoc3952

2 жыл бұрын

@@SAAccountingNetwork thank You channel is amazing and is helping a lot of us trying to learn and get into this

Found this very helpful, I'm trying to register an LLC and make business plan how do i go about doing that?

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/k6No19KDd6zFgJM.html

Baie dankie vir 'n baie goeie video Heinrich! Ek wil weet indien ek 'n paar companies registreer, elke company doen iets anders, word die belansting gesplit tussen die companies of word dit bymekaar getel en op die hele bedrag gebelas?

@SAAccountingNetwork

Жыл бұрын

Hi daar, nee elkeen word afsonderlik belas.

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/f5uno8hwn7ScdKQ.html

Hi there. Great thanks for such an informative video! I would like to ask and know. Im a south african national based in Vietnam. I would like to export "Telecoms" such as laptops and Desktops to government tenders advertised. Im starting out this venture for the first time. What would be the best option for me OR advice you would give me? Sole proprietor or company? I needed advice and more insight on that. Your reply would be greatly appreciated. Thank you.

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/fWlnsNKag8TdaMo.html

This is very helpful, thank you. Is it advisable to register a pty company if I'm renting a tarven?

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/mouIrbmuZajVndI.html

Please can you advise me, if I am doing online business, teaching English to Chinese students and in return getting paid by a Chinese Company in China, how should I register my online Teaching English Business?

Thank you, great info and answered a alot of my questions. I do in fact have a few questions. I am looking at starting a business to do CRYPTO mining, but a the current moment it is not profitable & the company will run at a loss for a few months, i will need to carry the company out of my own pocket. Is it worth doing a small business if its not profitable at the moment? Thanks for all the videos.

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/mouIrbmuZajVndI.html

Question: With many people working from home, if i am trading as a small business, for example in IT i can offer alot of services from the comfort of my home how do i know what qualifies as an expense e.g. is my electricity bill still my personal expense or the business one?

@SAAccountingNetwork

13 күн бұрын

Best to chat to a tax consultant, each case is different so there is too many variables to give a broad answer

Do you pay taxes on capital raised for your company, even after the initail phase of fund raising?

@SAAccountingNetwork

2 ай бұрын

No you dont

If I do not believe my profits will be in excess of a million rand per annum, do I have to register for VAT?

@SAAccountingNetwork

8 ай бұрын

VAT works with turnover, profit is not relevant

Hi. Plz advice, Am a sole proprietor and I want to apply for car finance what documents do I need to apply as I don't have a payslip I invoice my client monthly n they pay after 30 days

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/X3l4lJuHoc_VhbQ.html

These days they also sue directors

@SAAccountingNetwork

3 ай бұрын

Agreed

Thank you for this helpful video...definitely going to register a company rather 💯 Do you have a website? We are researching our options re getting an accountant, preferably someone that knows about running a KZread Channel as a business 😬 And do you have any recommendations regarding which South African bank is best to have a business account with...we are considering FNB

@SAAccountingNetwork

2 жыл бұрын

Hi there, yes, please have a chat with me first before opening bank accounts and registering companies etc, you can send me a whatsapp on 0825596454, but I also have a website www.saaccountingnetwork.co.za but there are a few accountants listed there. I do some work for KZreadrs so know how the machine works.

@SAAccountingNetwork

2 жыл бұрын

I would also suggest you watch the second and third videos in that series so you can understand the basics of tax and what might be relevant to you - kzread.info/head/PLt_qVdbCcEmLfjhMBB159BRiGJBoOQ0Y6

@BeingBedingfield

2 жыл бұрын

@@SAAccountingNetwork thanks, will do 🙏

@BeingBedingfield

2 жыл бұрын

@@SAAccountingNetwork oh that’s awesome, thanks. What would the charge be for a consult?

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/X3l4lJuHoc_VhbQ.html

Hi. I have registered a company, but not sure if that was the right rhing to do. I have a contract with am overseas company and get only 1 salary in USD every month. Should I rather change over to a Sole Proprietor?

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/f5uno8hwn7ScdKQ.html

I have recently registered for income tax. What is the difference between a tax reference number and a tax number? Is it the same thing

@SAAccountingNetwork

2 жыл бұрын

Hi there, you are indeed correct, one and the same thing!

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/gpmbmNOrZ5bTdso.html

How to pay less on taxes if you are an individual forex trader

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/fWlnsNKag8TdaMo.html

If you're a sole proprietor, do you not need to register your business with SARS ?

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/X3l4lJuHoc_VhbQ.html

Can you please assist in assist in registering a person liability company (Inc) for a Law Firm

@SAAccountingNetwork

2 жыл бұрын

best to reach out to these guys - they work with it every day - www.registercompany.co.za - they are the go to guys with these type of things!

@SAAccountingNetwork

2 жыл бұрын

kzread.info/dash/bejne/hYeapcZ9n6-xabw.html

It's clean smells good beutiful money

@SAAccountingNetwork

8 ай бұрын

Great!!

How do i get in contact with you?

@SAAccountingNetwork

Жыл бұрын

You can send me an email at heinrich@sataxreturns.co.za

hi i want to start a farm business do u have officers in Durban Pietermaritzburg erea.

@SAAccountingNetwork

Жыл бұрын

www.saaccountingnetwork.co.za/accountant-pietermaritzburg.html

Hi any funding for business help ,any Goverment grand funding for business ,please kindly let me know

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/f5uno8hwn7ScdKQ.html

where are you based, I would like to chat to you and find out more info

@SAAccountingNetwork

Жыл бұрын

Hi Coenie, I am based in Cape Town, but prefer online meetings so can do teams or zoom

@SAAccountingNetwork

Жыл бұрын

kzread.info/dash/bejne/oISg0ciliM-bXdY.html

@SA Accounting Network Thank you, Mr. Heindrich Grove the information was incredibly informative, and subscriber-earned! good work thank you so much

@SAAccountingNetwork

Жыл бұрын

Thank you 🙏