Become compliant with future cash flow
During COVID, it has given each business owner some time to self reflect and look at what has happened with their business. For most business owners, there was no way …
SDL Holiday / Exemption
The SDL payment holiday will be automatically provided. The zero amount SDL Liability will be defaulted on the EMP201 return for the four month period from May to August 2020. …
From the 2020 year of assessment, SARS is performing tax calculations on the IRP5/IT3(a) certificates.
Where it is found that the incorrect amount of tax was deducted from the employee, a letter will be issued, accompanied by a file containing a list of the certificates …
Annual Employer Reconciliation is looming. What happens if I miss it?
In total, the penalty may not exceed 10% of the total amount of Employees’ Tax deducted or withheld (or which should have been deducted or withheld) by the employer during …
COVID-TERS UIF for domestic workers
Can I claim UIF/TERS benefits for my domestic worker? You can claim for any employee that works for you, provided that for more than 24 hours a week, they are …
Banks launch online application portals for Covid-19 SME loans
The major banks this week launched their online portals providing loans to small and medium-sized businesses that may not be able to meet their financial obligations during the lockdown and …