2026 Tax Season Opens: Experience the Power of Done The South African Revenue Service (SARS) has officially opened the 2026 Tax Filing Season, encouraging taxpayers to make use of its digital services through its “The Power of Done” campaign. With auto-assessments, pre-populated tax returns and improved digital tools, the filing process has become more efficient. […]
2026 Tax Season Opens: Experience the Power of Done Read More »
Non-Compliant Trust? Penalties are Piling up… This tax season brings a significant change for trusts. SARS has introduced stricter reporting requirements and, from 4 May 2026, automated penalties for non-compliance are being applied to all trusts, including those that are inactive. If you have a trust that is not fully compliant, now is the time
Non-Compliant Trust? Penalties are Piling up… Read More »
Annual Employee Tax Recon Due End May The annual employer reconciliation remains a key compliance requirement. Employers have until the end of May 2026 to submit their EMP501 declarations for the period 1 March 2025 to 28 February 2026. This process aligns payroll records with tax submissions and payments made to SARS. Accuracy is critical.
Annual Employee Tax Recon Due End May Read More »
15% Global Minimum Tax Goes Live at SARS A significant shift in global taxation is now taking effect. South Africa will implement the global minimum tax at a rate of 15% from the 2026/27 financial year. While this does not directly impact most small and medium-sized businesses, it marks a structural change in how multinational
15% Global Minimum Tax Goes Live at SARS Read More »
New VAT Thresholds: Thinking of Deregistering? The increase in the VAT registration thresholds is a welcome shift for small businesses. From 1 April 2026, the compulsory registration threshold rises to R2.3 million, while the voluntary threshold increases to R120,000. This adjustment reduces the administrative burden and compliance cost that many growing businesses have carried for
New VAT Thresholds: Thinking of Deregistering? Read More »
When Growth Becomes a Tax Risk Growth is a positive signal. Revenue increases. Teams expand. Profit improves.But every one of these shifts changes your tax position. Higher turnover can trigger VAT registration. Increased profit raises provisional tax exposure. Hiring introduces payroll compliance. Expansion adds structural and cross-border complexity. Growth does not just build your business.
When Growth Becomes a Tax Risk Read More »
Budget 2026: Your Tax Tables and Calculator Budget 2026 brings welcome relief for taxpayers, with no increases to VAT or income tax and full inflation adjustments to tax tables, rebates, and credits. Some increases were unavoidable, however: sin taxes rose in line with inflation on 25 February, and fuel levies also went up. To help
Budget 2026: Your Tax Tables and Calculator Read More »
Why Doing Nothing May Be the Best Thing You Can Do Modern business culture often equates speed with success. Leaders are encouraged to move quickly, respond immediately, and optimise constantly. In this environment, choosing not to act can appear passive or indecisive. Yet many experienced business leaders understand that strategic inaction, when used deliberately, can
Why Doing Nothing May Be the Best Thing You Can Do Read More »
So, You Want to Diversify? You Might Be Making a Mistake. Diversification is often viewed as a natural step in business growth. Expanding product lines, entering new markets, and spreading risk can feel like prudent decision making. However, for many businesses, diversification introduces complexity and risk rather than reducing it. While diversification is a sound
So, You Want to Diversify? You Might Be Making a Mistake Read More »
Your Year-End Tax Checklist: Smart Moves Before 28 February As the tax year draws to a close, now is the ideal time to review a few strategic actions that can make a meaningful difference to your tax position. These steps are practical, high impact, and designed to help South Africans make the most of available
Your Year-End Tax Checklist: Smart Moves Before 28 February Read More »
