
How Funding Budget 3.0Will Impact You: Project AmaBillions
The scrapping of the proposed VAT increase in Budget 3.0 resulted in a budget shortfall, necessitating alternative sources of funding.
One of these is the increased collection of outstanding tax debt. It’s a challenge SARS has accepted, Treasury has financed with an additional R4 billion in funding, and the media is touting as “Project AmaBillions”.
This is how it will affect you – and how we can assist.

Mind The Tax Gap! Here’s How…
Increased funding allocated in Budget 2025 will enable SARS to zoom in on an estimated R800 billion in unpaid taxes in South Africa, including a substantial so-called “tax gap” of uncollected taxes. For taxpayers, this means more scrutiny, enquiries, verifications, and audits – and more stringent debt collection measures.
Here's how we can help you mind the “tax gap” by maintaining complete compliance and taking immediate action if your tax affairs become the subject of SARS’ scrutiny.

Budget 2025: How It Affects You and Your Business
The proposed VAT increase of 0.5% in 2025 and another 0.5% in 2026 is the big news from Budget Speech 2025. The increase is strongly opposed by political parties within and outside the GNU – but it is only one way in which individual and corporate taxpayers will bear the brunt of another substantial Budget shortfall.
Here’s a brief overview of how the tabled Budget 2025 proposals will impact individuals and businesses (if they come into effect). Professional tax advice has never been more important.

Why Use a Registered Tax Practitioner? Here’s What SARS Says…
“Protect Yourself – Use Only Registered Tax Practitioners” was among the first messages from SARS this year. The message also highlighted the risks of engaging the services of unregistered practitioners and provided an online look-up feature where a practitioner’s registration can be verified.
Not only are we proud to confirm that our team of tax professionals is correctly registered, we’re also pleased to highlight the many benefits that come from working with registered tax practitioners.

5 Tips for Using Reviews to Boost Your Business
In the history of business, little has been as effective in making or breaking sales as customer reviews. With Google now placing increasing relevance on tracking and promoting companies with genuine good reviews, this has never been truer than it is now.
What many don’t know, however, is that it’s what you do after receiving a review that makes the biggest difference. Here are five ways you can capitalise on your reviews to improve your business.

Budget 2025: Your Tax Tables and Tax Calculator
In its current form, Budget 2025 will effectively bring about an increase in personal income tax by not adjusting the tables for tax rates, rebates and credits, while also implementing substantial increases in ‘sin’ taxes and introducing a 0.5% VAT increase on 1 May 2025 and another 0.5% increase effective 1 April 2026.
This selection of official SARS Tax Tables and other useful resources will help clarify your tax position for the new tax year.

Disagree with SARS? Here’s How we Can Assist You
If you don’t agree with an assessment from SARS, swift action and careful management of the dispute process will maximise your chances of a favourable outcome.
This is because various deadlines must be met, a payment suspension must be requested, and a solid objection must be presented and managed to final resolution. Fortunately, we’re here to help.

Unlock the Benefits of an End-of-Year Company Review
An effective year-end business review can be a powerful tool for any firm. It identifies effective business processes and highlights areas for improvement, making it easier to formulate a solid plan for the upcoming year.
With our friendly and professional assistance, even the busiest business owners can complete a comprehensive annual business review. We’ll collate all the info, and we’ll help you to understand the numbers, so you can make informed business decisions – setting your business up for greater success in 2025.

What More Can We Do for You This International Accounting Day?
International Accounting Day is the ideal opportunity to assess the value of robust accounting in your business. Now’s the time to ensure you’re enjoying all the benefits a professional accountant can unlock for you.
Simply reach out to us, and we will gladly help you to identify areas where our expertise and experience can add further value to your business. Whether it be ensuring compliance, optimising tax or enabling strategic planning for future growth.

Beneficial Ownership Registers – Now Mandatory with CIPC Annual Returns
It’s been a year since 24 May 2023 when company directors and members of close corporations became obliged to lodge a Beneficial Ownership Register plus supporting documents with the Companies and Intellectual Property Commission (CIPC) - which also needs to be maintained, updated timeously and confirmed annually.
Since all entities should have lodged this register by 24 May 2024 - a year later - it has now become mandatory to file beneficial ownership information before the annual returns can be submitted. Non-compliance with the beneficial ownership requirements has consequences, as does failing to submit the annual return timeously.
