Small businesses must be proactive in their tax affairs

There are numerous means by which errant taxpayers can start the new year on a clean slate

2022-01-16 11:01:00 AM

Small businesses must be proactive in their tax affairs - There are numerous means by which errant taxpayers can start the new year on a clean slate

There are numerous means by which errant taxpayers can start the new year on a clean slate

The North Coast of KwaZulu-Natal inspires with its complex palate of greens. From lush wood forests, and sugar cane fields to a cornucopia of fruit trees. My favourite is that of the young mango, which, when sliced and salted and offered up with vinegar and curry powder, serves as a time travel device to childhood. I recall devouring bite after bite, sitting in a tree, as my little feet gently pendulum swung in ecstasy.

But the ubiquitous fruit is not only the stuff of memories, it is also the star of parables. To be green is to be in a state of learning and evolving toward the ripeness of experience and wisdom.As an entrepreneur you typically start out green. There is a lot you don’t know. You believe that the sheer beauty of your business idea is what will make it thrive and grow into a thing of stature and success. Sometimes we become so enamoured with the innovation, idea, or creation that it takes all our focus. The reality is that your business can only really grow and scale when the back end is correctly looked after. Accurate accounting, administration and record keeping are the supporting stars of a successful business.

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