{"id":74991,"date":"2025-11-11T12:21:38","date_gmt":"2025-11-11T10:21:38","guid":{"rendered":"https:\/\/www.sage.com\/en-za\/blog\/?p=74991"},"modified":"2026-07-09T16:28:11","modified_gmt":"2026-07-09T14:28:11","slug":"tax-year-end-mistakes","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-za\/blog\/tax-year-end-mistakes\/","title":{"rendered":"Tax year-end mistakes that cost small businesses thousands"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The weeks before 28 February can be the most expensive time of year for your business. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not because of what you&#8217;re paying SARS, but because of what you&#8217;re not claiming, what you&#8217;re claiming incorrectly, or what you&#8217;re timing wrong.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A missing logbook entry, a forgotten Employment Tax Incentive claim, a capital gain recorded in the wrong tax year. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These are all costly mistakes that can trigger penalties of R20,000, forfeit deductions worth R30,000, or create unexpected tax bills exceeding R50,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The good news? They&#8217;re all completely avoidable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Here&#8217;s what we&#8217;ll cover:<\/strong><\/p>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-the-logbook-mistake-that-costs-r18-600\" data-level=\"2\">The logbook mistake that costs R18,600<\/a><\/li><li><a href=\"#h-missing-r30-000-per-employee-through-unclaimed-employment-tax-incentive\" data-level=\"2\">Missing R30,000 per employee through unclaimed Employment Tax Incentive<\/a><\/li><li><a href=\"#h-the-r50-000-capital-gains-timing-mistake\" data-level=\"2\">The R50,000 capital gains timing mistake<\/a><\/li><li><a href=\"#h-the-automatic-r20-000-provisional-tax-penalty\" data-level=\"2\">The automatic R20,000 provisional tax penalty<\/a><\/li><li><a href=\"#h-what-to-do-before-28-february\" data-level=\"2\">What to do before 28 February<\/a><\/li><\/ul><\/div>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Tax saving strategies for small business<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p class=\"\">Learn how to navigate the South African tax system, and discover insights on legally minimising tax liabilities as you grow your business.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-f7818258-c05a-411b-9d66-231848d018e6\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download your free guide<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1338\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/09\/GettyImages-1357880802-1338x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/09\/GettyImages-1357880802-1338x810.jpg 1338w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-logbook-mistake-that-costs-r18-600\">The logbook mistake that costs R18,600<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Your travel allowance is one of your biggest tax deductions. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s also where SARS catches the most mistakes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Without a compliant logbook, you lose the entire deduction. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SARS Interpretation Note 14 couldn&#8217;t be clearer: no logbook means no travel deduction, regardless of how much legitimate business travel you actually did.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most business owners think they&#8217;re keeping proper records. They note down &#8220;client meeting&#8221; in their diary, track mileage somewhat consistently, and figure that&#8217;s enough. It isn&#8217;t.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SARS requires specific information for every single business trip. Recording &#8220;meeting&#8221; as your trip reason will get your entire claim disallowed. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You need the specific person you met, their company name, and contact details. So instead of &#8220;client meeting,&#8221; write &#8220;Presentation to procurement manager Mr Smith at ABC Manufacturing (Pty) Ltd, Sandton.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You must also record your vehicle&#8217;s opening odometer reading on 1 March and closing reading on 28 February. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Missing either one eliminates your entire year&#8217;s worth of claims. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For each trip, you need the date, exact kilometres, starting point, destination, and that detailed reason.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Here&#8217;s another common mistake:<\/strong> your daily commute from home to your office is always personal travel. Always. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Only trips from your office to clients, between client sites, or directly from home to a client location count as business travel.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cost? If you receive a R60,000 annual travel allowance but don&#8217;t have a valid logbook, you&#8217;ll pay R18,600 in additional tax at the 31% marginal rate. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SARS may also apply a 25% understatement penalty of R4,650, bringing your total to R23,250.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fix is straightforward. Use the official SARS eLogbook from sars.gov.za. Record your opening and closing readings. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For every business trip, immediately record detailed information including people&#8217;s names and companies. Never estimate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-missing-r30-000-per-employee-through-unclaimed-employment-tax-incentive\">Missing R30,000 per employee through unclaimed Employment Tax Incentive<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Employment Tax Incentive represents the most significant cash flow benefit available when hiring young workers. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yet many businesses either don&#8217;t claim it or claim incorrectly, forfeiting between R18,000 and R30,000 per qualifying employee.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From 1 April 2025, the rates increased substantially. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Maximum monthly ETI jumped from R1,000 to R1,500 during an employee&#8217;s first 12 months, and from R500 to R1,000 during months 13 to 24.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To qualify, employees must be aged 18 to 29, hold valid South African ID or asylum documentation, work at least 160 hours monthly, and earn between R2,500 and R7,499. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They must receive at least the National Minimum Wage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Common mistakes<\/strong> that forfeit the entire benefit include:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>not being tax compliant (any outstanding returns or tax debt over R100 eliminates eligibility), &nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>missing the reconciliation deadlines of 31 October (for the period 1 March to 31 August) and 1 May (for the period 1 March to 28\/29 Feb) (unclaimed ETI is forfeited forever), &nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>and incorrect calculations for part-time workers.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">A small retail business with five qualifying employees earning R3,500 monthly saves R7,500 per month using new rates from April 2025. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That&#8217;s R90,000 annually or R150,000 over 24 months. This represents genuine cash flow improvement hitting your bank account monthly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The claiming process requires you to complete your EMP201 by the 7th of each month showing total PAYE and ETI separately. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Submit EMP501 reconciliations twice yearly by 31 August and 30 April.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Tax saving strategies for small business<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p class=\"\">Learn how to navigate the South African tax system, and discover insights on legally minimising tax liabilities as you grow your business.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-f7818258-c05a-411b-9d66-231848d018e6\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download your free guide<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1338\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/09\/GettyImages-1357880802-1338x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/09\/GettyImages-1357880802-1338x810.jpg 1338w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-r50-000-capital-gains-timing-mistake\">The R50,000 capital gains timing mistake<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Capital gains tax catches many business owners off guard because they misunderstand when the tax is triggered. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rule is simple but counterintuitive: CGT is triggered when you sign the sale agreement, not when transfer occurs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You sign a property sale agreement on 25 February 2025 with transfer scheduled for June. You assume the capital gain falls in 2025\/26. Wrong. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The gain is taxable in 2024\/25 and must be included in your second provisional tax estimate due 28 February 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Missing this triggers a 20% underestimation penalty plus 11% annual interest on the shortfall. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For 2024\/25, individuals pay tax on 40% of net capital gains whilst companies pay on 80%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic planning can save substantial amounts. If you&#8217;re disposing of multiple assets, spread them across tax years to use multiple R40,000 annual exclusions for individuals. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Selling three vehicles with R60,000 gain each? Sell two before 28 February and one after 1 March. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This saves R2,560 to R5,760 depending on your marginal rate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Capital loss harvesting also works. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you have a R200,000 property gain, dispose of loss-making equipment before 28 February. A R30,000 loss reduces your net gain, saving R4,800 in tax.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The costs of getting timing wrong escalate quickly. A company sells property with a R2.5 million gain but doesn&#8217;t include it in provisional tax, believing transfer date matters. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At 80% inclusion and 27% corporate rate, the tax is R540,000. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The underestimation penalty is R108,000 plus interest, totalling over R160,000 simply because of timing confusion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-automatic-r20-000-provisional-tax-penalty\">The automatic R20,000 provisional tax penalty<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Provisional tax deadlines are absolute. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A 10% late payment penalty and 20% underestimation penalty trigger even for one-day delays.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The late payment penalty is brutal: 10% of provisional tax not paid on time applies automatically. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A company with R700,000 provisional tax due pays R70,000 in penalty for late payment. No discretion, no grace period. Even one day late triggers the full penalty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The underestimation penalty varies by income. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For income of R1 million or less, your estimate must be at least 90% of actual income or equal to your basic amount, whichever is lower. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The penalty is 20% of the shortfall. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For income above R1 million, your estimate must be at least 80% of actual income.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An individual with a R400,000 basic amount estimates R350,000 but earns R420,000. The required estimate is R378,000. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The shortfall triggers a R3,468 penalty plus 11% interest.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The most common mistake? <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not including capital gains in provisional tax estimates. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you signed a sale agreement this year, even if transfer hasn&#8217;t occurred, that gain must be included in your 28 February estimate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Simple prevention means filing conservatively. Use the 90% safe harbour for income under R1 million. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Use 80% for income above R1 million. Include capital gains. File and pay early.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-to-do-before-28-february\">What to do before 28 February<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Start with your travel logbook. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Verify it contains detailed trip reasons with names and companies. Check you have opening and closing odometer readings. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you&#8217;ve been slack, you cannot fix it retroactively. A missing reading eliminates all claims.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Confirm your EMP201 returns include accurate ETI claims for qualifying employees. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you&#8217;ve missed claiming ETI, you have until 28 February through reconciliation. After that, it&#8217;s forfeited forever.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Calculate your provisional tax estimates including any capital gains. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is the most common omission triggering penalties. If you signed a sale agreement this year, that gain must be included in your 28 February estimate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The penalty framework shows no mercy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Late payment penalties are 10%, underestimation penalties are 20%, interest compounds at 11% per annum. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Yet every mistake is preventable.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Professional tax advice pays for itself many times over, but only if you seek it before year-end. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The difference between a R50,000 tax bill and a R150,000 bill often comes down to a single logbook entry, one missed form, or a misunderstood deadline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The choice is yours, but it must be made before 28 February 2025.<\/p>\n\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice enewsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Get a roundup of our best business advice in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-84fe79b5-668d-41f8-a0cc-6229018c4ac9\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1181404518-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1181404518-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/accountants\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tAccounting 101\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/audit\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tAudit\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/bookkeeping\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBookkeeping\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/business-management\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbusiness management\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/making-financial-decisions\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tmaking financial decisions\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/news-insights\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tnews insights\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/profit-loss\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tprofit &amp; loss\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/staying-competitive\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tstaying competitive\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/tax\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tTax\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-74360 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-strategy-legal-operations tag-accountants tag-business-intelligence tag-profit-loss tag-staying-competitive tag-trending-topics business_type-small-business business_type-medium-business business_type-accountants card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1214\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2025\/08\/Mar2025_Construction-Commerical_0777-1214x810.jpeg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2025\/08\/Mar2025_Construction-Commerical_0777-684x384.jpeg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2025\/08\/Mar2025_Construction-Commerical_0777-768x512.jpeg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2025\/08\/Mar2025_Construction-Commerical_0777-1214x810.jpeg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-25T12:53:32+02:00\">June 25, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">12 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/what-is-markup-percentage\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tMarkup calculator: how to calculate markup\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tUse this markup calculator to work out a selling price, cost price, or markup percentage. You will also learn how markup works, how it differs from margin, and how to use it to set prices for your business.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-76381 post type-post status-publish format-standard has-post-thumbnail hentry category-people-leadership category-technology-innovation tag-artificial-intelligence tag-business-management tag-hr-payroll tag-trending-topics business_type-small-business business_type-medium-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/what-is-ai-in-hr\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/06\/Ai-in-HR-infographic-image-684x384.jpg\" class=\"card-post__image\" alt=\"A woman stands in front of the Sage glowline with a black background.\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/06\/Ai-in-HR-infographic-image-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/06\/Ai-in-HR-infographic-image-768x432.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/06\/Ai-in-HR-infographic-image-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-23T13:19:28+02:00\">June 23, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">11 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat is AI in HR and how can you use it responsibly?\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-76358 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-strategy-legal-operations tag-accountants tag-audit tag-bookkeeping tag-business-intelligence tag-profit-loss business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-reports-guide\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-684x384.jpg\" class=\"card-post__image\" alt=\"Two businesswomen looking at report on tablet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-768x585.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-04T12:39:10+02:00\">June 4, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tThe ultimate guide to accounts payable reports and reporting\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-76331 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-trends-insights tag-accountants tag-audit tag-bookkeeping tag-business-intelligence tag-business-management tag-profit-loss tag-staying-competitive tag-tax business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-process\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-768x585.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-04T11:51:14+02:00\">June 4, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">8 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat is the accounts payable process? Steps, workflow and how to improve it\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-76318 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-trends-insights tag-accountants tag-audit tag-bookkeeping tag-inventory-management business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/abc-analysis\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-43-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-43-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-43-768x585.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-43-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-02T15:45:55+02:00\">June 2, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">17 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat is ABC analysis in inventory management? Definition, steps and examples\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Avoid tax year-end mistakes costing small businesses R20,000 to R50,000+. Logbooks, ETI claims, capital gains timing\u2014what you must fix before 28 February.<\/p>\n","protected":false},"author":1064,"featured_media":70660,"menu_order":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"_pwl_sage_podcast_buzzsprout_src":"","footnotes":""},"categories":[25,27],"tags":[294,312,313,166,335,337,339,209,213],"business_type":[2,5],"lilypad":[],"context":[],"industry":[],"persona":[6,15,16],"imagine_tag":[51,52,353,83,85,86,379],"coauthors":[403],"class_list":["post-74991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-matters","category-strategy-legal-operations","tag-accountants","tag-audit","tag-bookkeeping","tag-business-management","tag-making-financial-decisions","tag-news-insights","tag-profit-loss","tag-staying-competitive","tag-tax","business_type-small-business","business_type-accountants"],"sage_meta":{"region":"en-za","author_name":"Eugene Yiga","featured_image":"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/02\/GettyImages-1291536372.jpg","imagine_tags":{"51":"Accountants","52":"Accounting software","353":"Costs and cash flow","83":"Growing business","85":"Small business","86":"Start up business","379":"Tax"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice South Africa","distributor_original_site_url":"https:\/\/www.sage.com\/en-za\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/74991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/users\/1064"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/comments?post=74991"}],"version-history":[{"count":1,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/74991\/revisions"}],"predecessor-version":[{"id":76499,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/74991\/revisions\/76499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/media\/70660"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/media?parent=74991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/categories?post=74991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/tags?post=74991"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/business_type?post=74991"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/lilypad?post=74991"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/context?post=74991"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/industry?post=74991"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/persona?post=74991"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/imagine_tag?post=74991"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/coauthors?post=74991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}