Why understanding taxes is key to building a business that lasts for women entrepreneurs

WHEN running a business, whether it's a home-based catering service, a clothing boutique, or a digital platform, the numbers matter.

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And among those numbers, there’s one that too many overlook until it’s too late: taxes. For women entrepreneurs striving to build something meaningful and lasting, understanding taxation isn’t just a legal requirement, it’s a business advantage.

Taxes can feel like a complex and intimidating topic, especially if you’re just starting out. But the truth is, tax knowledge is power. It helps you price your products correctly, manage your income responsibly, and build the credibility your business needs to access funding or grow internationally.

So, what is tax? Simply put, it’s the contribution every citizen makes to build the country we want to live in. From healthcare and free education to infrastructure and social services—91% of the government’s spending last year, was covered by taxes collected from individuals and businesses like yours. Paying taxes isn’t just a duty; it’s your stake in the nation’s progress.