Compliance
As a result of the increasing number of regulations and need for operational transparency, small businesses are increasingly required to adopt compliance controls and meet all necessary legal requirements.
Some of these legislative requirements faced by businesses are employees tax, Unemployment Insurance Fund (UIF), Compensation for Occupational Injuries and Diseases Act (COIDA), Skills Development Levy (SDL), Companies Act and VAT Act, etc.
All these acts can be burdensome for a small business trying to find its feet.