Frequently Asked Questions

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2009/02/18
2009/2010 SA Budget
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Frequently Asked Questions

Why do I need Buy and Sell Insurance?
As discussed

Why use S&A to register your CC?
Do you want to deal with the Government?

Why use S&A to do your Statutory returns ? VAT, PAYE etc?
S&A will ensure that even when SARS loses documents, your payment still is registered.

When do you need Car Insurance?
The minute you drive your car out of the show-room: Hey! Look at my new car! CRASH! It has happened! Banks also require this. Remember to insure for the full value that you owe the bank.

Do I have to take out life insurance with my bond?
You do require life insurance to cover your bond, but it is illegal for the bank to insist that you take it through them?.at an often inflated price. You are entitled to obtain quotes

Why do I need monthly management accounts?
Some banks require monthly financial statements. You also require these documents to obtain any finance including for your new copier. Besides, this gives you a month to month update on the progress of your business. What better way to determine how your business is growing.

Why do I need Medical Aid if I am young and healthy?
Aside from the fact that you live in SA where Crime related injury is a probability, there are those occasions when you may break a bone on your quad bike or injure yourself bungee jumping. And then there are those surprises e.g. Breast Cancer at the age of 30.

 

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