Companies: How to Manage Your Greater Tax Risk in 2021

Companies: How to Manage Your Greater Tax Risk in 2021

"If you think compliance is expensive - try non-compliance." (Paul McNulty, former US Deputy Attorney General) The extent of corporate taxes – from income tax, employment taxes and value added tax (VAT) to dividend taxes, capital gains taxes, transaction taxes and...

Five Mistakes to Avoid When Investing Offshore

Five Mistakes to Avoid When Investing Offshore

“An investment in knowledge pays the best interest” (Benjamin Franklin) It can be tempting to look at South Africa and the bad news that seems to hit us like freight trains one after another, and immediately consider moving all your money offshore. There is however...

The Way Forward: More Virtual Meetings?

The Way Forward: More Virtual Meetings?

"Any sufficiently advanced technology is indistinguishable from magic" (Arthur C. Clarke, English science writer and inventor) Virtual meeting platforms have their pros and cons, but the standout advantages seem to be their cost effectiveness, time saving capabilities...

Your Tax Deadlines for January 2021

Your Tax Deadlines for January 2021

7 January - PAYE submissions and payments25 January - VAT manual submissions and payments28 January - Excise Duty payments29 January - VAT electronic submissions and payments29 January - CIT provisional payments Disclaimer: The information provided herein should not...

Accounting Tips for SMMEs in a Rocketing Tax Future

Accounting Tips for SMMEs in a Rocketing Tax Future

"The avoidance of taxes is the only intellectual pursuit that carries any reward": John Maynard Keynes While there are diverse reasons why SMMEs ultimately fail, financial mismanagement and poor performance are two of the most often-cited explanations. A financial...

Employees Working Abroad: How to Avoid Double Tax

Employees Working Abroad: How to Avoid Double Tax

"Every advantage has its tax." (Ralph Waldo Emerson) The purpose of the foreign remuneration exemption, which was introduced in 2000, is to provide relief from any possible double tax that may arise where both South Africa and the foreign country taxes the same income...

Your Tax Deadlines for December 2020

Your Tax Deadlines for December 2020

  7 December – Monthly PAYE submissions and payments 24 December – VAT manual submissions and payments 30 December – Excise Duty payments 31 December – VAT electronic submissions and payments 31 December – CIT Provisional Tax Payments where applicable. Disclaimer: The...

Do the benefits of a trust justify the costs?

Do the benefits of a trust justify the costs?

People often ask this question. Trusts do cost money to set up, but using the cost of setting up a trust as an excuse to not set one up may be penny wise and pound foolish. It may cost you more by not having a trust. The cost of Income Tax, Capital Gains Tax, Estate...