07 July – Monthly PAYE submissions and payments 25 July – Value Added Tax (VAT) manual submissions and payments 30 July – Excise duty payments 31 July – VAT electronic submissions and payments, Corporate Income Tax (CIT) Provisional Tax payments where applicable.
Fundamentally, businesses start because business owners believe they see a gap and aim to fill it. Their target market is built into the essence of the business. And yet, statistics show that at least one third of those business owners were wrong all along. Many entrepreneurs think their product or service is for “everyone”, […]
Removing the contentious proposed VAT increases from Budget 3.0 led to a shortfall in revenue that necessitated new revenue sources. One of these is the inflation-linked fuel levy increases of 16c for petrol and 15c for diesel, which became effective on 4 June and will impact all individuals and entities in the country. Another […]
Tax Filing Season 2025 officially opens on 7 July this year. This covers the 2024/2025 year of assessment: the period between 1 March 2024 and 28 February 2025. During filing season, taxpayers complete and submit their tax returns, declaring their income and deductions to allow SARS to determine their final tax liability for the […]
In the rush to raise capital, improve profitability or streamline efficiency, business owners often miss what truly drives their success: the knowledge, relationships, and systems that power everything behind the scenes. Whether you’re a one-person start-up or a growing enterprise, your intellectual capital is the secret key to your future triumphs. It is therefore […]
As per Section 32 of PAIA, all Information Officers (IOs), Heads of Private Bodies (HPBs), and Deputy Information Officers (DIOs) are required to submit an annual report detailing requests for access to records received and processed. Non-compliance may result in regulatory enforcement actions, including formal compliance audits initiated by the Information Regulator. Submission Process […]
06 June – PAYE submissions and payments 25 June – VAT manual submissions and payments 27 June – Excise duty payments 30 June – VAT electronic submissions and payments, & CIT Provisional Tax payments where applicable.
Mixing personal and business finances is so easy, particularly at the beginning. The company needs something, but money hasn’t come in, so you extend a small loan. You pay yourself back, by paying for the groceries on the company card. A recent report by the US Federal Reserve on economic wellbeing has revealed that 39% […]
South African businesses are always looking for ways to foster growth and innovation while still reducing costs. One way to achieve both is to employ young people. Young workers bring unique advantages that can transform your organisation. What’s more, the government subsidises part of the employment costs for qualifying young employees through SARS’ Employment […]
The line between tax avoidance and tax evasion can sometimes appear blurry, especially in complex transactions or fierce tax planning strategies. The comparison below is a good starting point: What is tax avoidance? Tax avoidance refers to legal arrangements or transactions designed to reduce or eliminate tax liability, without breaking the law. Examples of […]
