Dave
Would you have any idea if the figure for "labor costs" would be total payroll inclusive of Owners income?
The owners of SME's are generally fully employed in their businesses, and the S.A.R.S. defines them as employees for taxation.
As our turnover is under R5 million and we have an exemption I presume this is not of concern right now, but I am just curious if I have perhaps given incorrect information, at 2% no problem, but at 25% if it was "labor" only, our figure would be less than 25%.
Yvonne
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