There are many ways in which taxpayers can find themselves owing SARS a tax debt, and this is an issue that cannot be postponed or ignored – immediate action is required to prevent SARS from exercising their wide powers of debt collection. In this article, we look at how tax debts arise; how taxpayers are …
Being in business can sometimes feel a little like running a race. There is a fear that if you aren’t moving forward, you are somehow falling behind. This sense leads to business leaders constantly sniffing out new opportunities, and trying to develop, create and grow new avenues of income for their company in the hopes …
Yet another tax season is upon us, and this year the D-dates are much closer than you think! With the submission deadlines for all taxpayers substantially earlier this year, taxpayers are well-advised to get started on their tax returns without delay, making sure there is sufficient time to address any potential issues that may arise, …
Tax Season 2022 Now Open: Beware, This Year’s Deadlines are Shorter! Read More »
Building your business has been hard, but right now it all seems to be working. You have dozens of clients and a history of good service and strong reviews. It may seem like it will be all smooth sailing from here, but this is almost certainly not the case. As the Covid-19 pandemic proved, a …
How to Prepare for and Manage a Business Crisis Read More »
Informed business decision-making – from effective daily financial management to strategic future planning – requires specific, timely information that allows business owners to understand where the business stands financially at a certain time, what is happening over a period, and where action is required to improve financial performance. This information can be found in a …
Five Financial Reports for Informed Decision-Making Read More »
The legacy you would leave behind, if today turned out to be your last day, is detailed in your current estate plan and your will (“Last Will and Testament”) – quite possibly the most important document you will ever sign, because it is the only way to ensure those you care about are protected and …
Estate Planning: Act Now to Protect Your Family and Business After You Are Gone Read More »
All employers and employees need to know of the new “Code of Good Practice on the Prevention and Elimination of Violence and Harassment in the Workplace” which came into effect during March. We discuss who the Code applies to, when and where it applies, and what you as an employer have to do about it …
Workplace Harassment: The New Code in a Nutshell Read More »
New rules have been established around the treatment of corporate assessed losses, and these are already in effect, limiting the amount of previous assessed losses that can be offset against a company’s annual income tax liability in future financial years. The change follows the reduction in the corporate tax rate from 28% to 27% and …
Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You? Read More »
First prize will always be a plan that goes beyond just the practical and the financial and leaves something far more personal, something of yourself. Procrastination is a natural reaction to any contemplation of our own mortality, but this need not be an intimidating process, and no one can afford to procrastinate when it comes …
Don’t Just Leave Your Loved Ones Assets – Leave Them a Legacy! Read More »
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. To avoid …
Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners Read More »
