17/08/2026
π° Did you know not every payment you receive is automatically taxable?
Many business owners assume every rand that enters their bank account counts as taxable income - but that's not always the case.
For example:
βοΈ A loan from the bank isn't taxable income.
βοΈ Money you invest into your own business isn't considered business income.
βοΈ Customer deposits may need different accounting treatment depending on the circumstances.
Understanding the difference can help you keep accurate financial records and avoid costly mistakes. When in doubt, ask us at [email protected] before making assumptions.