Your Tax Deadlines for May 2023
5 May – Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 May – Excise Duty payments 31 May – Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable.
Author Archive for: ADMIN
Entries by ADMIN
Setting Up Your Finances in a New Business
When starting a new business, few things are as important as establishing your finances and making sure they are right. Building the foundation for stable, accurate financial reports and tax filing will see you in good stead in the future and establish the practices that will lead your company to success. Here are the top […]
How You and Your Business Can Benefit from SARS’ Solar Tax Breaks
In the 2023 Budget, the lack of a reliable electricity supply was highlighted as the country’s biggest economic constraint. South Africans have been subjected to loadshedding every day of 2023, often at stage four, five or six. Recent research by the Bureau for Economic Research revealed more load-shedding in the first two months of 2023 […]
Your Tax Deadlines for April 2023
1 April – Start of the 2022/23 Financial Year 6 April – Monthly Pay-As-You-Earn (PAYE) submissions and payments 26 April – Excise Duty payments 28 April – Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable.
5 Business Plan Mistakes to Avoid
Writing a business plan can feel like a daunting process, and making mistakes is part of the package, even if you follow the online guides and templates. To make this process simpler, we have made a short list of common errors that somehow keep creeping into these vital documents. Making it too long As Amazon […]
Why (and How) to Submit Skills Development Reports by 30 April
Since 1999, the Skills Development Levy (SDL) has served to fund skills development in the country. It encourages a planned and structured approach to skills development so employers, employees and the economy can benefit from a better skilled and more productive workforce. All South African companies with a payroll exceeding R500,000 per year (that’s just […]
UDZ Tax Incentive Extended: Could Your Business Benefit?
The urban development zone (UDZ) tax incentive, provided for in section 13quat of the Income Tax Act (the Act), was introduced 20 years ago in 2003, as an accelerated depreciation allowance for property investments in certain central business districts. It aims to promote investment by the private sector in the construction or improvement of commercial and residential buildings, including […]
Your Tax Deadlines for March 2023
7 March – Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 March – Excise Duty payments 31 March – End of the 2022/23 Financial Year 31 March – Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable.
Budget 2023: Your Tax Tables and Tax Calculator
The big Budget Speech 2023 tax news was the introduction of tax incentives for investing in rooftop solar and renewable energy. The Budget also detailed tax relief in the form of adjusted tables for tax and rebates for individual taxpayers, adjusted tables for retirement tax and transfer duty, and the expected increases in ‘sin’ taxes. […]
Budget 2023: How It Affects You and Your Business
Finance Minister Enoch Godongwana’s second Budget contained no major tax proposals, thanks to an improvement in revenue from higher collection in corporate and personal income taxes, and in customs duties. Instead, the focus of Budget 2023 was firmly on the current energy crisis, which has resulted in a State of Disaster being declared. It announced […]
