How much should I earn before I need to use an accountant?

There’s no fixed income threshold, but if your income is over R350,000 per year, involves multiple income sources (e.g., rental, freelance, investments), or includes complex deductions, using an accountant can ensure compliance and savings.

When should I start thinking about investing?

As soon as you have a steady income and an emergency fund in place. Even small amounts invested monthly can grow significantly over time thanks to compound interest.

What’s the difference between an accountant and a bookkeeper?

A bookkeeper handles daily transactions and records, while an accountant interprets financial data, offers strategic advice, prepares reports, and ensures tax compliance.

Can you help with both business and personal finances?

Yes, we assist individuals, sole proprietors, SMEs, and trusts with everything from tax planning to investment structuring and financial statements.

Do I need to register for VAT?

You are legally required to register for VAT if your turnover exceeds R1 million in a 12-month period. Voluntary registration is also possible from R50,000 in turnover.

How much does it cost to hire an accountant?

Our fees depend on the nature of services required—ranging from once-off tax returns to monthly bookkeeping and advisory. Contact us for a tailored quote.

How do I know if I’m paying too much tax?

If you’re unsure, we can do a tax review and identify potential deductions, rebates, or restructuring opportunities to optimize your tax position.

Can you help me start a business?

Absolutely. We assist with company registrations, SARS setups, financial systems, business plans, and ongoing support to get your business running smoothly.

When should I use a financial advisor instead of an accountant?

Use an accountant for tax, compliance, and business finance. A financial advisor is best for long-term planning like retirement, investments, and risk cover. We collaborate with trusted advisors like Allan Gray for integrated financial support.

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