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Company Tax Posts in Tax Q&A

Should I trade as a SBC or Sole Proprietor?

   Written by Alicia   Updated 14 May 2024

I've secured a contract of R3. 1m for two years which is going to be invoiced at R130k per month. Whats the best way to go about this? Should I set-up my business as an SBC or sole proprietor?

Shareholder Loan and own company

   Written by Neo   Updated 5 April 2022

I have a loan with my company (payable from the company). I would like to know what the effects are that we need to consider regarding interest-free loans? I am aware that we can create a tax deduction for the company and I will have the interest exemption, but I feel there is something I'm missing?

Also if the shareholder already exceeded his R23k exemption, will it be fine if we do not levy any interest on this loan? Will there be any unknown tax consequences for that?

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