n Tax Breaks Newsletter - Does your small business qualify for the lower tax rate? : small business corporations
|Article Title||Does your small business qualify for the lower tax rate? : small business corporations|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Jul 2006|
|Pages||1 - 2|
Extracted from text ... MONEYWEB No. 246 July 2006 SMALL BUSINESS CORPORATIONS Does your small business qualify for the lower tax rate? By KATHY THERSBY THE GROWTH of small businesses is the key to job creation, and for several years now Government has tried to encourage small business by granting them a lower rate of tax than that for their larger counterparts. Finance Minister Trevor Manuel broadened this incentive when in his February Budget speech he announced a change to the definition of a Small Business Corporation, the result of which is that many more businesses will now fall into this category and ..
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