Category Archives: SARS

Provisional Income Tax Due 26 February: Do’s and Don’ts for Companies

By the end of this month, the second provisional income tax payments for companies are due for a financial year that certainly ranks among the most difficult in recent memory – a year in which many business owners realised, as … Continue reading

Posted in SARS, Tax | Tagged , , | Comments Off on Provisional Income Tax Due 26 February: Do’s and Don’ts for Companies

Companies: How to Manage Your Greater Tax Risk in 2021

South African companies are exposed to a significant tax risk. Companies are liable for a range of direct taxes, indirect taxes and employees’ taxes that are continuously subject to legislative changes and administrative improvements by SARS and National Treasury. This … Continue reading

Posted in SARS, Tax | Tagged , , | Comments Off on Companies: How to Manage Your Greater Tax Risk in 2021

The Five Most Common Tax Pitfalls That Small Business Owners Should Avoid

At a time of deep economic recession, small businesses must manage their accounting and tax functions efficiently and smoothly to avoid any unnecessary costs like SARS penalties. Making elementary mistakes with a small company’s tax affairs can have disastrous and … Continue reading

Posted in SARS, Tax | Tagged , , | Comments Off on The Five Most Common Tax Pitfalls That Small Business Owners Should Avoid

Your Tax Returns Are Due: Make Sure You Fill In Your Return Correctly

The last thing you need is to have the Taxman after you with his armoury of penalties and threats of criminal prosecution; and the likelihood of that happening if you put a foot wrong is higher than ever now with … Continue reading

Posted in SARS, Tax | Tagged , , | Comments Off on Your Tax Returns Are Due: Make Sure You Fill In Your Return Correctly

Be ready for SARS employee audits

“Forewarned is forearmed” (Wise old saying) SARS is having trouble meeting its revenue targets and this is clearly putting enormous pressure on the South African economy. Further economic deterioration in the economy will probably result in a downgrade to junk … Continue reading

Posted in SARS | Tagged , , , | Comments Off on Be ready for SARS employee audits

Small Business Owners: Don’t Overlook Your New Compliance Requirements!

Small business has limited resources and optimising these resources is a balancing act. Part of this balancing act includes the role of compliance. These requirements have increased as new laws are rolled out along with other regulations, such as BEE … Continue reading

Posted in SARS | Tagged , , | Comments Off on Small Business Owners: Don’t Overlook Your New Compliance Requirements!

SARS – Important Update on VAT for E-Services from Foreign Suppliers

This has been causing waves since SARS stated its intentions of making electronic services subject to VAT last year. Now the final regulations have been published and are effective from 1 April 2019. Of significance is the change in the … Continue reading

Posted in SARS | Tagged , , | Comments Off on SARS – Important Update on VAT for E-Services from Foreign Suppliers

Is Your Problem With SARS A Systemic Issue? If So, Speak To the Tax Ombud

Many taxpayers are experiencing frustrations in their dealings with SARS. The Tax Ombud is there to assist taxpayers if they have experienced: Procedural difficulties Service issues Administrative problems and the taxpayer has exhausted all avenues of appeal with SARS with … Continue reading

Posted in SARS | Tagged , , | Comments Off on Is Your Problem With SARS A Systemic Issue? If So, Speak To the Tax Ombud