Donating to a PBO? Check SARS’ New Requirements With a valid tax certificate from a qualifying PBO, taxpayers – companies and individuals – can get a tax deduction for donations made. New requirements for both valid tax certificates and PBOs have been implemented by SARS, the most recent being effective from 31 May 2024, affecting both […]
Donating to a PBO? Check SARS’ New Requirements Read More »
What Skills Does Your Business Need to Cultivate in 2024 If you are like the vast majority of companies out there, you are neglecting employee training and it’s going to cost your business. This is the warning coming out of the Harvard Business review which reported that one of the main reasons top talent leaves
What Skills Does Your Business Need to Cultivate in 2024 Read More »
Things to Look for When Buying a Small Business On the surface buying into a small business can seem easy. There aren’t a lot of laws to negotiate, and payment can often be done in a single cash-based transaction. However, there are a lot of hidden pitfalls that could make this one of the worst
Things to Look for When Buying a Small Business Read More »
SARS Tax Tables and Tax Calculator Budget 2024 effectively brought an increase in personal income tax by not adjusting the tables for tax rates, rebates and medical tax credits, while also implementing substantial increases in ‘sin’ taxes and introducing a proposed global tax on multinational companies. This selection of official SARS Tax Tables and other useful resources
SARS Tax Tables and Tax Calculator For 2024 Read More »
These Invoicing Tips Could Save Your Business It’s no secret that poor cash flow management can sink businesses. Without ready cash in the bank a business will struggle to meet its own commitments, destroying relationships, increasing costs through interest, and losing out on critical suppliers. The good news is that some simple changes to company
These Invoicing Tips Could Save Your Business Read More »
Provisional Tax: Are You Ready for the Crucial 29 February Deadline? Especially for taxpayers required to make provisional tax payments on income as both individuals and as owners of companies, it may seem that a provisional or final income tax deadline lurks around every corner, with the next and crucial second payment deadline for most companies and
Provisional Tax: Are You Ready for the Crucial 29 February Deadline? Read More »
How to Maintain Tax Compliance in 2024 Tax compliance is accepted as an indicator of how well the affairs of a business or individual are managed and their good standing in terms of their legal obligations. It also saves a great deal of time and money. Achieving and maintaining tax compliance in 2024 will be
How to Maintain Tax Compliance in 2024 Read More »
Dispute with SARS? Here are the New Rules… At some point over the many years of submitting returns and paying taxes, individual and corporate taxpayers will have grounds to dispute an assessment or decision from SARS. Fortunately, there are clear dispute resolution rules that guide both the taxpayer and SARS in resolving these disputes. Earlier
Dispute with SARS? Here are the New Rules… Read More »
The Hidden Costs of Starting a Business You have had your bright idea, saved up for months, and finally quit your 9-to-5 to run your own business. You have worked out the finances carefully but it’s still possible you have missed something. Starting a business can be surprisingly expensive, and much of this is
The Hidden Costs of Starting a Business Read More »
SARS Admin Penalties: What Taxpayers Can Do SARS has imposed administrative non-compliance penalties on hundreds of thousands of taxpayers this year, following recent changes to the admin penalty rules. Once-off and especially recurring penalties quickly add up to a significant tax debt, and also lead to a non-compliant tax status and tax refunds being withheld.
SARS Admin Penalties: What Taxpayers Can Do Read More »
