Social Media / Internet / Marketing that you can claim VAT on
N.B. The information below is a guideline only and you still need to check your invoice and determined whether you can claim VAT or not! This is a listing …
When completing your Companies tax return, do you qualify for Small Business Tax
In order to qualify for Small Business Tax you need to pass the following criteria Is your business Turnover/Gross Revenue/Total Income/Revenue Line/Fees less than R20 million per year? Yes or …
Tax Updates 19/02/2021
Tax Update 19/02/2021 Upcoming Budget Speech 2021 2021 Budget Speech (which will normally affect tax processes and law from 01/03/2021 onwards will be available on Treasury Website or SARS Budget …
You have been assessed – SARS
It is great when SARS self assesses you. It means that they’ve done all the hard work and you have to reply within a certain couple of days, right? right? …
Who do I call to sort out my debt with SARS
So just recently there was a court case again SARS, which involved one of the big “bug bears” in the life of a citizen in South Africa. If you owe …
Register the correct details at SARS
SARS is now set to update taxpayers (business and individuals) during the next few months of 2020. This is nothing new. Your details should be correct with SARS at all …
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 …