Tax

This article will identify five common tax pitfalls that many small businesses, especially newly established ones, overlook. This situation is because the owners of these companies often do not have tax expertise, or they are unwilling to use a professional to ensure that their tax affairs are in place. Small…

In this article, I’ll be going over the biggest tax mistakes that I see small business owners in South Africa make that not only cost them time but also money. Now I completely understand that if you’re reading this article chances are you’re not an accountant or tax practitioner and…

In this article, I’ll be going over everything you need to know about tax filing for your business and avoiding South African Revenue Service (SARS) penalties. Your business has tax requirements that must be met in order to comply with SARS and avoid unnecessary penalties and interest from SARS. Just…

There is no way to avoid paying tax, and it is essential to submit your tax returns to SARS on time to avoid late submission penalties.  We call late submission penalties fruitless and wasteful expenditure. However, you can plan and save on your tax bill with allowable tax deductions and…

Thank goodness SARS introduced e-filing in 2003. Before then, many of you might still recall the daunting mission of having to physically go into their offices with all the required information and wait in long queues for your VAT registration to be processed. If VAT registration is a completely new…