Hirsch’s Somerset West hosted their popular Business Networking morning with a subject dear to everyone’s heart – taxation!
Guest Speaker Lindsay Coetzee from SARS covered a wide range of income tax compliance requirements – especially for the small business person. Lindsay stressed the difference between tax avoidance and tax evasion – the former being a legal means of reducing your income tax by (for instance) taking out a Retirement Annuity or Medical Aid. Contrary to its negative connotations, the positive interest from the audience made for a lively and informative question time – which was handled in a consultative manner by Lindsay.
Due to the interest from the Hirsch’s staff, Lindsay offered to return to the store at a later date and consult with them regarding their tax commitments – further illustrating the constructive way in which SARS officials approach their work.