Our Blog
Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners
“Every advantage has its tax.” (Ralph Waldo Emerson) An unfortunate reality for many non-provisional taxpayers with multiple income streams is a large and unexpected tax liability following a year-end tax assessment – even though PAYE was paid each month on their...
Your Tax Deadlines for March 2022
7 March Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 March Value-Added Tax (VAT) manual submissions and payments 30 March Excise Duty payments 31 March End of the 2021/22 Financial year 31 March Value-Added Tax (VAT) electronic submissions and payments...
Financial Year End Reporting: Challenges to Manage, Opportunities for Benefit
“Any remedy is going to depend on having financial statements that are reliable” (Tom Foley) On the last day of February each year, many companies face their end of financial year or “EOFY”. Whether it’s referred to as the EOFY, Close of the Financial Period,...
Six Tips for Creating a Distraction-Free Home Office
“Out of clutter, find simplicity. From discord, find harmony. In the middle of difficulty lies opportunity.” (Albert Einstein) To many people the idea of working from home can seem like a dream. Just avoiding the daily commute makes it worthwhile for many, but add in...
Small Businesses That Survived 2021 – How They Made It
“At the heart of the strategy is a strong belief…that systemic problems require systemic solutions” (MIT Sloan associate deans, Fiona Muray and Ray Reagans) Businesses usually spend the last quarter of the year reflecting on how they have done and using the lessons...
Seven Crucial Tax and Other Issues to Address When an Employee Dies
“Employees are the key to your success… Treat them well!” (Ron Kaufman) The death of an employee can be a difficult situation in any company, but particularly so in smaller businesses where employees work more closely together and often consider each other more...
Budget 2022: The Minister of Finance Wants to Hear from You!
Finance Minister Enoch Godongwana has invited the public to share suggestions on the 2022 Budget he is expected to deliver on Wednesday 23 February 2022. The Ministry of Finance: “As usual, the budget allocation always aims to strike a balance between competing...
Your Tax Deadlines for February 2022
7 February Monthly Pay-As-You-Earn (PAYE) submissions and payments25 February Excise Duty payments25 February Value-Added Tax (VAT) manual submissions and payments28 February Value-Added Tax (VAT) electronic submissions and payments, PIT & CIT Provisional Payments...
Interest Rate Hikes: How to Buffer Your Business in 2022 and Beyond
“The implied policy rate path of the Quarterly Projection Model indicates an increase of 25 basis points in the fourth quarter of 2021 and further increases in each quarter of 2022, 2023 and 2024.” (Lesetja Kganyago, SARB Governor) After cutting interest rates by 275...
Five Tips for Improving Your Workforce Management
“It is equally important to know if we have a happy and engaged workforce as it is to have a profitable bottom line.” (Vern Dosch, Wired Differently) Managing any workforce, but particularly a large one across many units, sometimes in multiple countries, is far from...
The Top 10 Complaints Against SARS: What You Can Do to Protect Your Rights
“… the OTO commits to continue doing everything possible to ensure that taxpayers are not forced to pay a cent more than what is required.” (Judge Bernard Makgabo Ngoepe, the Tax Ombud) The list of the top 10 complaints made against SARS over the last eight years to...
SMEs – Why You Should Consider Employee Benefit Packages
“Human resources isn’t a thing we do, it’s the thing that runs our business” (American real estate developer, Steve Wynne) An effective employee benefit strategy is more of an advantage to an employer than may at first meet the eye. Although providing...