For those companies affected, the changes will have tax cash flow implications, best illustrated by the way of examples –
Get in touch For those companies affected, the changes will have tax cash flow implications, best illustrated by the way of examples – “Few of us ever test our powers of deduction, except when filling out an income tax form.” (Laurence J. Peter) In this article, we look at the who, how and when of […]
Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You?
Get in touch Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You? “What the government gives it must first take away.” (John S. Coleman) Edison It certainly seemed like a win for taxpayers when Finance Minister Enoch Godongwana announced in his February Budget Speech that the corporate income tax (CIT) rate […]
A Guide to Accessing Funds That Can Help Your Small Business
Get in touch A Guide to Accessing Funds That Can Help Your Small Business “All company bosses want a policy on corporate social responsibility. The positive effect is hard to quantify, but the negative consequences of a disaster are enormous” (English economist and academic, Noreena Hertz) Stimulating the SME sector is considered as one of […]
Independent Non-Executive Directors: A Value-Add for Your SME?
Get in touch Independent Non-Executive Directors: A Value-Add for Your SME? Many small and medium-sized enterprises (SMEs) are owned and managed by the founder(s), sometimes with the involvement of family members, and in the early stages of the life of a small or medium-sized company there would seem to be little reason or motivation to […]
when, why and whose job you should be outsourcing
Get in touch When, Why and Whose Jobs You Should Be Outsourcing “If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.” (Lee Kuan Yew, Former Prime Minister of Singapore) Launching a business requires the small business owner to wear many hats. From marketing, to accounting and HR […]
Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners
Get in touch Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners “Every advantage has its tax.” (Ralph Waldo Emerson) An unfortunate reality for many non-provisional taxpayers with multiple income streams is a large and unexpected tax liability following a year-end tax assessment – even though PAYE was paid each month on […]
Provisional Income Tax Due 26 February: Do’s And Don’ts For Companies
Get in touch Provisional Income Tax Due 26 February: Do’s and Don’ts for Companies “The only thing that hurts more than paying an income tax is not having [an income on which] to pay an income tax” (Thomas Dewar) Provisional tax is not a separate tax but rather a method of payment used to collect […]
SARS Makes SMME Tax Compliance Easier
Get in touch SARS Makes SMME Tax Compliance Easier “Tax complexity itself is a kind of tax” (Max Baucus) “SMME Connect # 1”, the January issue of a new SARS newsletter for SMMEs available here, has focused on the issues around tax compliance in the sector. In the letter SARS acknowledges problems around the pandemic that […]
How to Know if You Need an Office for Your Business (and How to Make the Most of a Lease if You Do)
Get in touch How to Know if You Need an Office for Your Business (and How to Make the Most of a Lease if You Do) “In business, you don’t get what you deserve, you get what you negotiate,” Chester Karrass, Founder of Seminar group Karrass. In the post covid environment demand for office space […]
The Importance of Maintaining Your Tax Compliance Status in 2023
Get in touch The Importance of Maintaining Your Tax Compliance Status in 2023 “Being tax compliant… is not just good for you, but also contributes to the positive growth of our country’s economy which in turn benefits all South Africans.” (SARS) Businesses are often required to provide tax clearance information to other entities including, for […]