Entries by Alison Scheepers

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Top Tips for SARS eFiling

Tax season 2018 has arrived and has been in full swing since the 1st July 2018. In our previous article, Tax Season 2018, we outlined some need to know information about tax deadlines and when to file a tax return. Below follow some tips to help you eFile. Register for eFiling Anyone with access to […]

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TAX SEASON 2018

It was announced on the 4 July 2018, that this year’s Tax Season will be shortened by 3 weeks, with the season running from the 1 July to 31 October 2018 to allow more time for verifications before the December holiday break. It is also anticipated this will help prevent the lull that previously occurred […]

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The Impact of Increased VAT

As you may have been made aware and was outlined in our previous article, ‘2018 Budget Related Tax Implications’ Sunday, 1 April 2018 saw VAT increase from 14% to 15%. This was the first increase in 25 years. What is VAT? VAT stands for Value Added Tax and is an indirect means of taxation to […]

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2018 Budget Related Tax Implications

On 21 February 2018, former Finance Minister Malusi Gigaba delivered the 2018 National Budget Speech, describing it as “a tough but hopeful budget”. The effect this has on the taxpayer has been analysed in depth and publicised on many forums. The common supposition is that the 2018 Budget aims to create much-needed stability and economic […]

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What to look for in an accountant

As you start and grow your business, you will soon come to realise that the most important relationship you can build is the one with your accountant. No other resource will be able to give you an instant snapshot on the financial health of your business, as well as its prospects for the future. However, […]

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Quick steps to ease debt

A recent report issued by Sanlam revealed that a shocking seventy percent of middle-class South Africans are feeling crippling financial pressure. According to the survey, the blame can be placed on the cost of education and university, a lack of emergency funds, family financial obligations, short-term debt and not having the money to save for […]

Accounting tips to get your business on track

If you ask any business owner why they started their own company, very few will say, “to spend hours on accounting.” However, many entrepreneurs find the financial challenges of keeping their business afloat an unnecessary distraction to the passion that drove them to start the business in the first place. The key is to set […]

Top cash flow management tips

Maintaining a positive cash flow is the lifeblood of any successful business. Without a steady stream of cash coming in, debt can build up fast, you can fall behind on tax obligations and your business is at risk of becoming one of the many small entities that fail in their first year. Even if your […]