The 7 Signs It’s Time to Move Your Business Out of The Garage
Get in touch The 7 Signs It’s Time to Move Your Business Out of The Garage “One doesn’t discover new lands without consenting to lose sight, for a very long time, of the shore.” (Andre Gide) All of the largest businesses in the world started small. Apple, Google, and Amazon were all famously founded in […]
Planning to Cease Being a South African Tax Resident? What You Should Know Before Approaching SARS
Get in touch Planning to Cease Being a South African Tax Resident? What You Should Know Before Approaching SARS “Dear IRS, I am writing to you to cancel my subscription. Please remove my name from your mailing list.” (Snoopy) According to some estimates, as many as 1,900 millionaires have left South Africa over the last […]
The Simple Solution to Hassle-Free EMP501 Final Recons
Get in touch The Simple Solution to Hassle-Free EMP501 Final Recons “The employer in collaborating with SARS plays a critical coalition towards adherence and compliance of tax principles and laws.” (SARS External Guide – A Guide to The Employer Reconciliation Process) By law, employers must deduct or withhold employees’ tax from remuneration and pay this […]
Letter of Demand from SARS? Handle With Care!
Get in touch Letter of Demand from SARS? Handle With Care! “A senior SARS official may authorise the issue of a notice to a person who holds or owes or will hold or owe any money, including a pension, salary, wage or other remuneration, for or to a taxpayer, requiring the person to pay the […]
HOME OFFICE EXPENSE : TO CLAIM OR NOT TO CLAIM
Get in touch Home Office Expenses: To Claim or Not to Claim? “We would simply ask taxpayers to consider carefully the longer-term implication of defining an area in their primary residence as a home office for tax purposes” (Edward Kieswetter – SARS Commissioner) “All employers should allow their employees to work from home unless it […]
Small Businesses: Reap the Benefits of Cashless Transactions
Get in touch Small Businesses: Reap the Benefits of Cashless Transactions “Mobile devices, high-speed data communication, and online commerce are creating expectations that convenient, secure, real-time payment and banking capabilities should be available whenever and wherever they are needed” (Chair of the Federal Reserve of the United States, Jerome Powell) South Africa is already a […]
How To Get a R1.8m CGT Exclusion When Selling Your Small Business
Get in touch How To Get a R1.8m CGT Exclusion When Selling Your Small Business “The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital… the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy” (John F. […]
‘Tis the Season for Giving but Beware the Taxman!
Get in touch ‘Tis the Season for Giving but Beware the Taxman! “Think of giving not as a duty but as a privilege.” (John D. Rockefeller Jr.) Christmas is a time for giving, and in our local business environment, as well as in many other markets around the world, it may even be unofficially expected […]
What To Do When Preparing to Sell Your Business
Get in touch What To Do When Preparing to Sell Your Business “As much as you might love running your business, you must have an end-goal in the plan. At the very least, an exit strategy keeps you from turning your business into a glorified job – working from home, but with longer hours.” (Kevin […]
Festive Season Cybercrime Alert: Tips from SARS
Get in touch Festive Season Cybercrime Alert: Tips from SARS “Cyber Attack: An attack, via cyberspace, targeting an enterprise’s use of cyberspace for the purpose of disrupting, disabling, destroying, or maliciously controlling a computing environment/infrastructure; or destroying the integrity of the data or stealing controlled information.” (CSRC – Computer Security Resource Center) South African businesses, […]