If you’re a small business owner aged 55 or older, the 2026 Budget contained some very good news. Not only has the CGT exemption on the sale of small business by older persons been increased, but the definition of “small business” has also been expanded. This could make a big difference to your retirement situation, […]
Selling Your Business to Retire? Get This Tax Relief! Read More »
The Annual Employer Reconciliation Declaration (EMP501) remains a focus area for SARS. Employers have until the end of May to submit their declarations for the period 1 March 2025 to 28 February 2026. We invite you to rely on our expertise to ensure compliance with this legal requirement, as submitting incorrect or incomplete declarations (or
Annual Employee Tax Recon Due End May Read More »
The rewards of company directorship come with a caution: the duties and responsibilities imposed on you by the Companies Act need constant management. Drop the ball on that and you could face some seriously negative consequences. We’ll discuss one of those risks – the career-threatening risk of being declared a “delinquent” director – in the
Director Delinquency Declarations: Managing Your Risk Read More »
By handling almost instantly the repetitive, menial bookkeeping tasks that previously consumed much company time and resources, Artificial Intelligence is fundamentally streamlining accounting processes. AI can reduce costs, minimise risks, and provide real-time business performance insights faster than a human. Freeing up you and your team to focus on growing the business. “Artificial intelligence and
Streamlining In-House Accounting Processes with AI Read More »
The recent increases in the compulsory VAT registration threshold to R2.3 million and in the voluntary registration threshold to R120,000 are widely welcomed. It will certainly ease the administrative burden on small businesses and the strain on their cash flow. Businesses that do not exceed the higher threshold on 1 April 2026 may apply to
New VAT Thresholds: Thinking of Deregistering? Read More »
Your will is probably the most important document you will ever make, which is why it’s vital to understand that electronic wills are – despite media reports implying otherwise – not accepted by the Master of the High Court as valid. (Unless you fancy the delay and expense of a High Court application.) A recent
Electronic Wills Aren’t Valid: Stick to Pen and Paper Read More »
As we approach the end of the tax year, now is an ideal time to make a few strategic adjustments that can strengthen your financial position. These steps are simple, high-impact, and designed to help you make the most of the tax incentives available to South Africans. Read on to make sure you end the
Your Year-End Tax Checklist: Smart Moves Before 28 February Read More »
The second provisional tax deadline for the 2026 financial year is just days away on 27 February 2026. This is an important and tricky deadline, because this second provisional tax estimate must be quite accurate (within 80–90% of actual taxable income) to avoid SARS’ stiff under-estimation penalty. Find out how we can help you to
February Provisional Tax Deadline: How to Avoid Stiff Underestimation Penalties Read More »
Whatever your line of work, moving from solo-business or freelancer to taking on staff is a big choice usually prompted by steady demand you can’t handle on your own. Taking on staff is about much more than finding an extra pair of hands, though. It also means committing to monthly salaries, tax deductions, UIF payments,
Moving from Freelancer to Employer: The Complete Guide Read More »
To offer taxpayers a way to settle outstanding tax debt swiftly and to regularise their tax affairs on more favourable terms, SARS has launched an expedited tax debt compromise process. Applications are only open until 31 December 2025, however, so find out here how we can assist your business to take advantage of this very
Outstanding Tax Debt? SARS’ Expedited Debt Compromise Ends 31 December 2025 Read More »
