his book highlights the tax breaks available to SMEs. It identifies and explains all important tax deductions such as entertainment expenses and bad debts; describes and illustrates the use of the reduced tax rate for SMEs; charts the way through the complexities of starting a new business and identifies the pitfalls to avoid; clarifies the tax incentives available to SMEs such as pioneer status and reinvestment allowance; pinpoints the special one-year write-offs for expenditure on fixed assets which are available to SMEs; as well as describes and compares the export-based tax exemptions that can be claimed by SMEs. It also provides helpful tips to stay clear of penalties due to ignorance of the law and procedures.