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2022 - 2022-09-27
Training and the Return to the Office
With COVID-19 restrictions now largely over, and employees rapidly returning to the office, we’re only now being able to sit back and look at what our employees, particularly our trainees have missed out on during lockdown.
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Tax - 2022-08-30
SARS audits, now more focused
The South African Revenue Services (SARS) has published a notification around the mechanisms they use to verify and audit corporate income tax submissions.When a taxpayer submits an annual tax return, that submission is either accepted and assessed or provisionally assessed and selected for audit.
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Tax - 2022-08-30
Key man insurance policy tax
Some businesses take out keyperson insurance policies on the life of an employee (the keyperson) whose services contribute substantially to the success of the business, and whose death or disability will result in a loss for the business. The policy is owned and paid by the business.
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Tax - 2022-08-30
Limitation on use of assessed losses
The Minister of Finance announced in the 2022 budget speech that there will be a limitation on the utilisation of assessed losses that were carried forward from previous years. The amendment will be effective for companies with years of assessment ending on or after 31 March 2023.
Read more2022 - 2022-08-11
When crisis facilitates opportunities
When Russia invaded Ukraine on February 24th, it not only affected its Eastern European neighbours but has had massive geopolitical ripple effects causing global economic uncertainty to surface once again.
Read more2022 - 2022-08-11
The new world of accountancy
In a world of fast changing technology, cloud accounting and computing, such as Xero, Sage Online and other advanced platforms available to the small business owner, accountancy takes on a whole new meaning.
Read more2022 - 2022-08-11
Currency fluctuations and your retirement savings
One thing that’s certain when it comes to investments or savings – they will at some point be affected by currency fluctuations.
Read moreTax - 2022-07-29
Deadlines for Trusts | 24 October
The 24th October this year will be a bit more than the celebration of Diwali. For all non-provisional taxpayers this is the end of the tax season.
Read moreTax - 2022-07-14
The 40-day rule may be an unintended sting in the tail
Now that we have entered the 2022 Tax Season, SARS Publicity Centre will be going into overdrive as to the benefits of their New World Class Auto Assessment process. The process aims to consolidate all your known income streams and generate a prepopulated tax return and an assessment.
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