Offering 30-, 60-, or 90-day payment terms may seem like a customer-friendly sales tactic, but it essentially functions as an unsecured loan to the buyer. This “invisible credit” carries significant financial implications:

     •    Increased working capital needs and higher credit risk

     •    Lost interest income and distorted pricing decisions

     •    Growth in accounts receivable and reduced cash reserves

     •    Higher days-sales-outstanding (DSO), straining liquidity

     •    If borrowing is needed to bridge the gap, interest costs become a direct expense

     •    Even without borrowing, opportunity costs arise from idle cash that could fund growth or reduce debt

🧠 Over time, routinely offering extended terms can erode financial agility and profitability.

1. Contribute to a Retirement Annuity Fund – this is a great way to save for the future which also
means you pay less tax every year. If you are already contributing to your retirement, then it may be
beneficial to see if you can contribute a little bit extra AND save some tax money.
2. Contribute to a Tax Free Savings Account (TFSA) – A TFSA lets you save up to R36 000 per year and
grow your savings without paying tax on any of the growth your money earns. A TFSA is therefore an
effective way to save for your goals, because any interest, dividends or capital gains from your tax free
savings account will be free of tax.
3. Donate to charity – You can claim up to 10% of your taxable income for the year by donating to a
registered Public Benefit Organisation (PBO). Just remember they do need to be a registered PBO and
issue you with a valid s18A certificate in order for you to make a claim. Check with us to confirm if they
are registered.
The three best ways that you can lower your taxes for 2023/2024
1. Contribute to a Retirement Annuity Fund – this is a great way to save for the future which also
means you pay less tax every year. If you are already contributing to your retirement, then it may be
beneficial to see if you can contribute a little bit extra AND save some tax money.
2. Contribute to a Tax Free Savings Account (TFSA) – A TFSA lets you save up to R36 000 per year and
grow your savings without paying tax on any of the growth your money earns. A TFSA is therefore an
effective way to save for your goals, because any interest, dividends or capital gains from your tax free
savings account will be free of tax.
3. Donate to charity – You can claim up to 10% of your taxable income for the year by donating to a
registered Public Benefit Organisation (PBO). Just remember they do need to be a registered PBO and
issue you with a valid s18A certificate in order for you to make a claim. Check with us to confirm if they are registered,

After you have submitted your supporting documents to SARS, they have 21 working days to review them, assuming all sufficient documents have been received. Once their review is complete, you will either:
1. Receive a request for additional documents; or
2. Receive a Completion Letter; or,
3. Receive an Additional Assessment
Additional Documents Request
If SARS still requires for documents from you, they will either send you an email directly with a specific request or send a letter via eFiling with the additional information required.
In many cases, SARS does require a bit more information from you and these would need to be sent to them either to the email address supplied in the direct letter or uploaded via eFiling.
Completion Letter
You will receive a Completion Letter if all goes well and SARS is happy with your documents. This means that SARS is not adjusting your Original Assessment and if you have a refund due, it should be paid out in 7 working days (provided you have no tax debt due or outstanding tax returns from prior years). Similarly, if you owe tax to SARS per your Original Assessment, the amount you owe will remain unchanged