ASSIGNMENT 01 DUE DATE: 03 APRIL 2025 AND ASSIGNMENT 02 DUE DATE:
24 APRIL 2025
FOR EXAMS, PORTFOLIO, AND ASSIGNMENT ASSISTANCE WHATSAPP 0832868465 EMAIL:
a) Assignment 01 ASSIGNMENT 01 Due date: 03 April 2025
You must submit this assignment in time to stay registered for this module and to be
admitted to the examination! Provide references to your sources, including page
numbers. Answers without references to specific page numbers will not be marked and
you will not receive any marks for those answers. Incorrect page numbers will not earn
marks. Any similarity to the structure, content and style of AI generated answers earn a
0 mark. Question 1 Dumelo opens a butchery from his home and wants to ensure that
he complies with the relevant regulatory requirements. He does not employ any
workers to help him, and he runs the business by himself. 1.1) Advise Dumelo on
whether he is required to register with the South African Revenue Service (SARS) and
the Department of Labour, and, if so, for what purpose? (8) 1.2) Does Dumelo need a
license to operate his business? What are the consequences of running a business
without the proper license in place? (7) Question 2 John has been appointed as a health
and safety representative at his workplace and approaches you to help him understand
his responsibilities better. Explain the main functions of health and safety
representatives in the workplace to John. (5) TOTAL: [20 Marks]
b) Assignment 02 ASSIGNMENT 02 Due date: 24 April 2025
You must submit this assignment in time in order for your assignment to count towards
your final year mark! Please complete all questions and ensure that you submit the
correct assignment (i.e., the assignment for the semester you are registered for).
Question 1 Joseph runs a printer repair shop as a sole proprietor, where he services and
repairs industrial printers for printing companies. His business achieved a turnover of
R2 million in the last tax year, which was taxed as income in his hands, and his
deductible expenses amounted to R600,000. He is concerned that he might be paying
too much tax and believes that small businesses should not be taxed in the same
manner as large businesses, especially as he wishes to spend money on manufacturing
assets in the next financial year. 1.1) Discuss the different income tax dispensations
available to small businesses in South Africa, including the normal tax rules and
turnover tax, and whether there are any requirements that businesses need to comply
with. Explain the benefits and limitations of each dispensation and provide guidance on
how Joseph can choose the best option for his business. (14) 1.2) Explain whether
Joseph will need to register as a vendor for VAT purposes, whether he will need to levy
VAT on his goods and services, whether he will be liable to pay VAT over to SARS, and
QUESTION 1
how frequently this must be done. (6) TOTAL: [20 Marks]
1
24 APRIL 2025
FOR EXAMS, PORTFOLIO, AND ASSIGNMENT ASSISTANCE WHATSAPP 0832868465 EMAIL:
a) Assignment 01 ASSIGNMENT 01 Due date: 03 April 2025
You must submit this assignment in time to stay registered for this module and to be
admitted to the examination! Provide references to your sources, including page
numbers. Answers without references to specific page numbers will not be marked and
you will not receive any marks for those answers. Incorrect page numbers will not earn
marks. Any similarity to the structure, content and style of AI generated answers earn a
0 mark. Question 1 Dumelo opens a butchery from his home and wants to ensure that
he complies with the relevant regulatory requirements. He does not employ any
workers to help him, and he runs the business by himself. 1.1) Advise Dumelo on
whether he is required to register with the South African Revenue Service (SARS) and
the Department of Labour, and, if so, for what purpose? (8) 1.2) Does Dumelo need a
license to operate his business? What are the consequences of running a business
without the proper license in place? (7) Question 2 John has been appointed as a health
and safety representative at his workplace and approaches you to help him understand
his responsibilities better. Explain the main functions of health and safety
representatives in the workplace to John. (5) TOTAL: [20 Marks]
b) Assignment 02 ASSIGNMENT 02 Due date: 24 April 2025
You must submit this assignment in time in order for your assignment to count towards
your final year mark! Please complete all questions and ensure that you submit the
correct assignment (i.e., the assignment for the semester you are registered for).
Question 1 Joseph runs a printer repair shop as a sole proprietor, where he services and
repairs industrial printers for printing companies. His business achieved a turnover of
R2 million in the last tax year, which was taxed as income in his hands, and his
deductible expenses amounted to R600,000. He is concerned that he might be paying
too much tax and believes that small businesses should not be taxed in the same
manner as large businesses, especially as he wishes to spend money on manufacturing
assets in the next financial year. 1.1) Discuss the different income tax dispensations
available to small businesses in South Africa, including the normal tax rules and
turnover tax, and whether there are any requirements that businesses need to comply
with. Explain the benefits and limitations of each dispensation and provide guidance on
how Joseph can choose the best option for his business. (14) 1.2) Explain whether
Joseph will need to register as a vendor for VAT purposes, whether he will need to levy
VAT on his goods and services, whether he will be liable to pay VAT over to SARS, and
QUESTION 1
how frequently this must be done. (6) TOTAL: [20 Marks]
1
