PART A $(10$ marks, $18$ minutes$)$You are the tax compliance manager of a new company that specialises in the compliance of smallbusinesses in Khayelitsha, Cape Town. You received a letter from Vuyo Mqalo, a young woman witha successful natural hair salon. Vuyo is looking at ways in which she can develop her hair businessand has sent you the letter below:REQUIRED: MarksAdvise the client based on the query above. In your discussion address thefollowing questions:$1.$ Do I qualify to register under the turnover tax system for the $2024$ year ofassessment?$2.$ Assuming that I do qualify to register under the turnover tax system, howmuch would my turnover tax liability for the $2024$ year of assessment be$?10$PART B $(10$ marks, $18$ minutes$)$Soothe $($Pty$)$ Ltd is a South African company that operates a chain of luxury boutique hotels acrossmajor cities in South Africa. In the financial year ended $29$ February $2024,$ Soothe Ltd undertook aDear Tax Manager,My name is Vuyo Mqalo and am a hairdresser in Khayelitsha, Cape Town. I am writing to youseeking guidance on the best way to structure my business taxes.On $1$ March $2022$ I opened a natural hair salon called Own Your Crown $($Pty$)$ Ltd in the township.I was informed that I was not compelled to register for VAT so I never did. However, I was recentlyinformed that I could qualify as a microbusiness.During the financial year that ended on $28$ February $2023,$ I generated a total income of R$750000$which was really good given that it was my first year of trading. In respect of the financial yearending on $29$ February $2024,$ my income and expenditure were as follows:Income: services rendered R$456000$Income: sale of natural hair products R $37000$Western Cape government grant R $50000$Interest received from bank account R $10500$Proceeds from sale of old hair dryers R $14500$Purchase of new hair dryers $($R $23600)$Rental paid $($R $16400)$Various trading expenses incurred $($R $44000)$Assessed loss carried forward from $2023($R$3500)$Doubtful debt allowance $2023($R$5000)$I would like you to kindly advise me on the following:$1.$ Do I qualify to register under the turnover tax system for the $2024$ year of assessment?$2.$ What would my turnover tax liability for the $2024$ year of assessment be assuming thatI qualify to register under the turnover tax system?I am looking forward to any assistance you may oer me in this regard. Please show calculation.