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Many clients have asked me how emigration will affect them when they leave South Africa for greener pastures. They worry about this because they may be leaving behind debt, or need to liquidate or sequestrate. .  Leaving debt in South Africa or Liquidating or Sequestrating does not have an effect on Emigration. It is better […]

The messages from SARS are clear:  tax collection must be increased.  And increasing it they are! That is one of the reasons why most small business owners are under financial pressure: SARS is too expensive, especially if you add penalties and admin levies.  It is critical that each and every business owner understands how LIquidation

Company debt is stressful. If you are struggling with company debt you will relate! Since Liquidation is an option that should be taken as soon as a business cannot pay its debt, it is really not worth owning a business that is debt-ridden. If you are being chased and harassed by creditors but don’t have

Are you borrowing more and more money to pour into your failing business to keep it afloat? Do you have to sell assets, to generate cash flow? What about staff and rent – are you trying to reduce staff and rent just to keep going? If this sounds familiar, you should read further.  If you

Liquidation in South Africa is available to all businesses.  A company that cannot pay its debt should, in terms of the Companies Act, Liquidate as soon as possible. It is possible to continue to trade after Liquidation.  This means that Liquidation is not the end of the road but a new beginning.    We will

Trading’s tough in this economy. Businesses are folding left and right, bogged down by sluggish recovery, suffocating SARS debt, and constant power outages. Perhaps you’re among the struggling, haunted by debts you can’t settle and returns you can’t file. The fear, stress, worry and sleepless nights must be taking a toll. But there’s a way

I understand from experience that by now you are worried sick and have sleepless nights as you cannot see a solution to your business’s financial problems and you need to continue to trade. Similar to one of our clients who thought he was going to lose everything and go to jail.  He was very grateful