Hi everyone,
I was helping a Class 2 student with a basic math worksheet today, and they asked why some receipts have extra numbers at the bottom!
It made me think about how I explain consultancy fees VAT rate SA to my own staff. To stay established and professional, I think it’s important for everyone on the team to understand why our curated luxury inventory has certain professional costs attached.
Is there a simple, high-quality way to explain the standard 15% rate to someone who isn't a professional accountant? I want to keep the vibe inquisitive and educational in my office.
Thanks in advance.