Home Office Expenses: To Claim or Not to Claim?

Home Office Expenses: To Claim or Not to Claim?

“We would simply ask taxpayers to consider carefully the longer-term implication of defining an area in their primary residence as a home office for tax purposes” (Edward Kieswetter - SARS Commissioner) “All employers should allow their employees to work from home...

6 Tips on Surviving the Failure of a Big Client

6 Tips on Surviving the Failure of a Big Client

“Generosity is a virtue, but unlimited generosity is a fast route to bankruptcy” (Bret Stephens) Healthy cash flow is what keeps a company afloat. The ability to pay suppliers and staff, without risking the future of the business, entirely independently of expected...

Alternative Funding for Your Small Business

Alternative Funding for Your Small Business

“When looking for funding, don’t just look for cash. Look for the right people” (American fashion entrepreneur, Jodie Fox) According to South African Reserve Bank data, the low level of small business financing appears to be emanating from the demand side as “the vast...

Audit Your Employee Taxes, Before SARS Does

Audit Your Employee Taxes, Before SARS Does

“One of our strategic objectives is to make it easy for taxpayers to comply with their tax obligations, and hard and costly for those who willfully do not comply” (Edward Kieswetter, SARS Commissioner) Earlier this year, SARS and the NPA (National Prosecuting...

Your Tax Deadlines for August 2021

Your Tax Deadlines for August 2021

7 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments25 August - Value-Added Tax (VAT) manual submissions and payments30 August - Corporate Income Tax (CIT) Provisional Tax Payments, where applicable30 August - Excise Duty Payments30 August - Personal...

Tax Filing Season 2021 Opened 1 July: Start Preparing!

Tax Filing Season 2021 Opened 1 July: Start Preparing!

 “The secret to getting ahead is getting started.” (Mark Twain) To avoid the last-minute rush, the risk of errors and omissions, and the cost of late submissions, penalties and audits, there is no better time to get ahead on your company and individual tax returns...

4 Ways to Measure Your Company’s Performance, Beyond Profit

4 Ways to Measure Your Company’s Performance, Beyond Profit

“Even if you are on the right track, you’ll get run over if you just sit there” (Will Rogers) In the hostile business environment in which we find ourselves, every small advantage could be the difference between success and failure. While traditionally companies and...

What You Should Know About Airbnb and Tax

What You Should Know About Airbnb and Tax

“All forms of rental income must be declared to SARS … We are … determined to make it hard and costly for non-compliant taxpayers not willing to meet their obligations. We are working hard to improve system capabilities, in order to detect those taxpayers who do not...

Your Tax Deadlines for July 2021

Your Tax Deadlines for July 2021

1 July - Start of Filing Season 2021 for Individuals (Non-Provisional) 1 July - Start of Filing Season 2021 for Individuals (Provisional) & Trusts 7 July - Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 July - Value-Added Tax (VAT) manual submissions...

Got Cryptocurrency? Here’s How Much SARS Wants…

Got Cryptocurrency? Here’s How Much SARS Wants…

The future of money is digital currency” (Bill Gates, Co-founder of Microsoft) Note: The risks and consequences of willfully or negligently failing to make full and true declarations to SARS, or to submit documents or information requested by SARS are now substantial,...

Youth Day: Why Our Young People Are So Important to Your Business

Youth Day: Why Our Young People Are So Important to Your Business

“If [business is] not listening to the youth, they are not listening to their future competitors, employees, or customers” (Wadia Ait Hamza, head of Global Shapers at the World Economic Forum) Youth Day commemorates and celebrates the impact the youth of a country can...