“If you think compliance is expensive – try non-compliance.” (Paul McNulty, former US Deputy Attorney General) The extent of corporate taxes – from income tax, employment taxes and value added tax (VAT) to dividend taxes, capital gains taxes, transaction taxes and other indirect taxes – along with the operational aspects such as data and reporting […]
Category Archives: Tax
06
Jan
Jan
7 January – PAYE submissions and payments 25 January – VAT manual submissions and payments 28 January – Excise Duty payments 29 January – VAT electronic submissions and payments 29 January – CIT provisional payments Disclaimer: The information provided herein should not be used or relied on as professional advice. No liability can be accepted […]
27
Nov
Nov
“The avoidance of taxes is the only intellectual pursuit that carries any reward”: John Maynard Keynes While there are diverse reasons why SMMEs ultimately fail, financial mismanagement and poor performance are two of the most often-cited explanations. A financial forecast as a tool, allows businesses to plan their finances for the future – with the […]
27
Nov
Nov
“He said that there was death and taxes, and taxes was worse, because at least death didn’t happen to you every year.” (Terry Pratchett, Reaper Man) Tax-free savings accounts (TFSAs) have been around for just over five years, and yet many people still do not know about them, are unfamiliar with the benefits or don’t […]
27
Nov
Nov
“Every advantage has its tax.” (Ralph Waldo Emerson) The purpose of the foreign remuneration exemption, which was introduced in 2000, is to provide relief from any possible double tax that may arise where both South Africa and the foreign country taxes the same income derived from employment, according to a SAICA article on the topic, […]
27
Nov
Nov
7 December – Monthly PAYE submissions and payments 24 December – VAT manual submissions and payments 30 December – Excise Duty payments 31 December – VAT electronic submissions and payments 31 December – CIT Provisional Tax Payments where applicable. Disclaimer: The information provided herein should not be used or relied on as professional advice. […]
25
Nov
Nov
Businesses must heed the importance of Freelancing and tax compliance. That’s because both have a shared interest in ensuring freelancers are fully compliant with SARS For so many businesses, the murky waters of freelancing and tax compliance are almost unnavigable. And answers to questions are hard to find. For example, with whom does the tax liability […]
29
Oct
Oct
There are five common tax pitfalls that owners of small businesses should look out for and avoid. These hazards include three value added tax (VAT) issues, one provisional tax matter, and the fifth item deals with the tax implications for owners of small businesses when they draw money from their company. Failing to avoid […]
29
Oct
Oct
6 November – Monthly PAYE submissions and payments 16 November – D-date for taxpayers filing online 25 November – VAT manual submissions and payments 27 November – Excise Duty payments 30 November – VAT electronic submissions and payments 30 November – Company Provisional Tax Payments where applicable. Disclaimer: The information provided herein should not be […]
29
Sep
Sep
7 October – Monthly PAYE submissions and payments 22 October – D-day for Branch filing – Taxpayers who cannot file electronically 23 October – VAT manual submissions and payments 29 October – Excise Duty payments 30 October – VAT electronic submissions and payments 30 October – Company Provisional Tax Payments where applicable Disclaimer: The information […]