News
Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You?
“What the government gives it must first take away.” (John S. Coleman) It certainly seemed like a win for taxpayers when Finance Minister Enoch Godongwana announced in his February Budget Speech that the corporate income tax (CIT) rate has been reduced from 28% to 27%...
Your Tax Deadlines for May 2022
06 May Monthly Pay-As-You-Earn (PAYE) submissions and payments25 May Value-Added Tax (VAT) manual submissions and payments30 May Excise Duty payments31 May Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable....
What The New Employment Tax Incentive Limits Mean for Your Business
“Since the unemployment rate in the Republic is of concern to Government; and since Government recognises the need to share the costs of expanding job opportunities with the private sector…” (Preamble to the Employment Tax Incentive Act 26 of 2013 [ETI Act]) During...
When, Why and Whose Jobs You Should Be Outsourcing
“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.” (Lee Kuan Yew, Former Prime Minister of Singapore) Launching a business requires the small business owner to wear many hats. From marketing, to accounting...
Planning to Cease Being a South African Tax Resident? What You Should Know Before Approaching SARS
"Dear IRS, I am writing to you to cancel my subscription. Please remove my name from your mailing list." (Snoopy) According to some estimates, as many as 1,900 millionaires have left South Africa over the last few years. A New World Wealth Africa report indicates that...
A Guide to Accessing Funds That Can Help Your Small Business
“All company bosses want a policy on corporate social responsibility. The positive effect is hard to quantify, but the negative consequences of a disaster are enormous” (English economist and academic, Noreena Hertz) Stimulating the SME sector is considered as one of...






