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Can a self-employed person get a home loan in South Africa?

 How to get a home loan when you are self-employed Can a self-employed person get a home loan in South Africa? The simple answer is yes. But the bank or the financial institute will have certain requirements that self-employed person has to meet.  These are similar to the rules that registered companies must follow. The moment you earn an extra income, the South African Revenue Service sees it as a business income and you are expected to have financial statements and pay taxes.  Before you apply for a home loan, first find out what amount you qualify. Determine exactly what the bank would need from you before you apply. This would speed up the process and the bank doesn't have to wait for outstanding documents that you probably don't have and still have to search for. If you're applying for a home loan as a self-employed person , then these tips can streamline the process and increase your chances of approval. These are the things to do before you apply for the home loan....

Why I am South Africa's Best Bookkeeper | Olivia Sambo Accounting Consultant

South Africa's Best Bookkeeper Olivia Sambo | Accounting Consultant

Olivia Sambo, MD of Profits & Books Bookkeeping | Accounting Services


 

Hello, I'm Olivia Sambo, the MD of Profits & Books Bookkeeping | Accounting Services. Welcome to my blog, where I share valuable insights and practical tips for small businesses in South Africa. 


As a passionate advocate for small business owners, my primary focus is on helping entrepreneurs navigate the complex world of finance. One of the most significant challenges faced by small businesses is securing funding, and my blog provides expert guidance on various funding options available to entrepreneurs.


I understand that bookkeeping can be overwhelming for small business owners. That's why I cover a wide range of topics related to bookkeeping for small businesses. From setting up efficient bookkeeping systems to managing cash flow effectively, my blog offers practical advice to help you streamline your financial processes.


Accounting services play a vital role in ensuring the financial health of a business. I delve into the intricacies of accounting and offer insights on best practices, financial reporting, and strategic decision-making. By leveraging my expertise, you can gain a competitive edge and make informed financial decisions for your business's growth and success.


Taxation is another critical aspect that can significantly impact small businesses. I share valuable information on tax obligations, deductions, and compliance requirements. Stay updated with the latest tax regulations and learn how to optimize your tax strategy, ensuring you maximize your savings while staying within legal boundaries.


Additionally, my blog explores topics related to company acts and company registrations. Whether you're starting a new business or looking to comply with legal obligations, my articles provide comprehensive guidance to help you navigate the legal landscape seamlessly.


To facilitate your business's growth, I also provide insights into strategies and tactics that can propel your company forward. Discover effective marketing techniques, customer retention strategies, and innovative ways to expand your reach and increase profitability.


Lastly, my blog delves into African economics, shedding light on the unique challenges and opportunities that arise in the African business landscape. Stay informed about economic trends, investment opportunities, and the evolving business environment in Africa.


Join me on this informative journey as we uncover the secrets to small business success. Explore my blog and empower yourself with the knowledge and tools needed to thrive in today's competitive business world.

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