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What You Need To Know About Sole Proprietor vs. Independent Contractor

Published on 30 November 2015 by: Entrepreneur Magazine Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies.   By Kobus Muller SHARE  South African tax specialist, Kobus Muller of Muller Accountants, breaks down sole proprietors vs. independent contractors to assist you with doing business in South Africa. When considering Sole Proprietorship versus Independent Contractorship – you need to be asking yourself the following questions: 1. Is there a difference between a Sole Proprietor and an Independent Contractor, with regards to how a Company deals with such a person who works on a specific project as far as contracts and SARS are concerned? 2. An IRP5 must be issued to an Independent Contractor (Code 3616 – Income); does this apply to a Sole Proprietor as well? 3. Also is there...
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Holistic estate planning for restructured families

Holistic estate planning for restructured families By Willie van der Westhuizen | Posted on  12 August 2015   The forty plussers (in age) in South Africa are good candidates for havoc in their relationships due to death and divorce in this age group. This is the age group where a mid-life crisis starts taking its toll with marriage vows becoming rusted or forgotten and death due to cancer and stress related diseases breaking up families, all having an effect on their estate plans. Although most of these people from broken relationships re-enter into further relationships (As they say ‘life goes on’ and Cupid does the rest) very few of these persons from a broken past relationship do proper planning in respect of the re-structuring of their future family affairs and assets. Either Cupid is too much in a hurry or the hormone levels are running at maximum and therefore no or very little consideration is given to...
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