Carien and Bunny discuss simple, yet highly effective, ways small businesses can reduce their taxes. They look at the importance of structuring a business correctly (e.g. a sole proprietorship vs a private company) and how this affects the amount of tax paid. She also touches on VAT and what a business should do to not put themselves under unnecessary pressure when these payments are due.
Carien advises that doing something as simple as your admin correctly can result in big tax and VAT savings for you personally and for your business.
Lastly, she announces an exciting partnership with the NSBC to provide online training for Payroll, Tax, Accounting, Labour etc. all aimed at empowering small businesses with the skills needed to execute these key elements themselves, or the knowledge to ask the right questions to whom this work is outsourced.
Listen to the full interview here:
Tune into Business with Bunny on HOT 91.9 FM every Tuesday at 15:10.