employment tax incentive
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What The New Employment Tax Incentive Limits Mean for Your Business

In this article, we find out what the new limits are, look at a few ETI calculations to see the potential tax reduction, and draw attention to the pitfalls for employers to ensure this ETI incentive can be claimed successfully, allowing companies to employ more young people by sharing the cost with government.
budget 2022
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Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners

A nightmare situation for many South African taxpayers is discovering after their year-end tax assessment that the PAYE they paid on various income streams during the year was not enough. The result is a substantial tax debt, which can often not be settled in time to prevent hefty late payment penalties and interest.
budget 2022
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SARS Makes SMME Tax Compliance Easier

Tax compliance among Small, Medium and Micro Enterprises (SMMEs) has been forced into the spotlight by The South African Revenue Service (SARS) who in January launched a new monthly newsletter dedicated to the sector. The January issue covered the matter of tax compliance and revealed a number of new initiatives by SARS to streamline services and encourage smaller businesses to meet their tax obligations.
budget 2022
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Budget 2022: Your Tax Tables and Tax Calculator

Have a look at the tax tables below for the new Individual and Special Trust income tax brackets, and for a convenient reminder of the various other taxes that remain unchanged.
business bankruptcy
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Business Bankruptcy – Identifying the Main Causes and Avoiding this Outcome

Business bankruptcy is a reality - but by understanding what goes wrong, and what can be done to mitigate business money mistakes, you can put yourself in a better position to succeed as a business owner.
emigrating sars passport
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Understanding taxation of foreign employment income and exemptions

In this article, we will highlight the most important aspects of the foreign employment tax exemption and try to shed clarity on these intricate tax laws.
Calculating tax deductions
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Tax Deductions You Might Not Know About

Whether you are an employee or business owner, there are certain ways to reduce your taxable income and tax bill, as well as increase the tax refund on your tax return by deducting legitimate expenses. Here are some tax deductions that you might not know about, and shouldn’t overlook.
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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…
Impacts of VAT increase
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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…