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 Share of Billions in Tax Relief and Business Support

Calling it a “good story to tell”, Finance Minister Enoch Godongwana announced, in his first Budget Speech, welcome respite from tax increases, tax relief of R5.2 billion for individuals and businesses, as well as further measures to support businesses in their economic recovery.
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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…
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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…
accountants
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Accountants and Accounting – the cornerstone of business success

While many businesses take pride in their product or service, this does not provide a solid foundation for business success. As any investor or bank will tell you, the proof of a business’ success lies in its numbers. However, many business…