Calling it a “good story to tell”, Finance Minister Enoch Godongwana announced, in his first Budget Speech, welcome respite from tax increases, tax relief of R5.2 billion for individuals and businesses, as well as further measures to support businesses in their economic recovery. These include no increase in the fuel levy, and adjusted tax brackets […]
25
Feb
Feb
7 March Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 March Value-Added Tax (VAT) manual submissions and payments 30 March Excise Duty payments 31 March End of the 2021/22 Financial year 31 March Value-Added Tax(VAT) electronic submissions and payments & CTI Provisional payments where applicable Disclaimer: The information provided herein should not be used or relied on […]
25
Feb
Feb
Individuals, special trusts, companies and small business corporations will see some relief from the Budget 2022 proposals, and to help you quantify that, and as a convenient reminder of the various other taxes that remain unchanged, we share both the official SARS Tax Tables and a link to Fin 24’s Budget Calculator (just follow the […]
27
Jan
Jan
“Any remedy is going to depend on having financial statements that are reliable” (Tom Foley) On the last day of February each year, many companies face their end of financial year or “EOFY”. Whether it’s referred to as the EOFY, Close of the Financial Period, Financial Year End or FYE, or simply ‘Year End’, this […]
27
Jan
Jan
“Out of clutter, find simplicity. From discord, find harmony. In the middle of difficulty lies opportunity.” (Albert Einstein) To many people the idea of working from home can seem like a dream. Just avoiding the daily commute makes it worthwhile for many, but add in the benefits that arise from being present for your family, and […]
27
Jan
Jan
“At the heart of the strategy is a strong belief…that systemic problems require systemic solutions” (MIT Sloan associate deans, Fiona Muray and Ray Reagans) Businesses usually spend the last quarter of the year reflecting on how they have done and using the lessons learned in planning for the year ahead, while also keeping a keen eye on government’s financial […]
27
Jan
Jan
“Employees are the key to your success… Treat them well!” (Ron Kaufman) The death of an employee can be a difficult situation in any company, but particularly so in smaller businesses where employees work more closely together and often consider each other more than just co-workers. In addition to handling the emotional aspect of such […]
27
Jan
Jan
Finance Minister Enoch Godongwana has invited the public to share suggestions on the 2022 Budget he is expected to deliver on Wednesday 23 February 2022. The Ministry of Finance: “As usual, the budget allocation always aims to strike a balance between competing national spending priorities … suggestions must pertain to what should government be spending […]
27
Jan
Jan
7 February Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 February Excise Duty payments 25 February Value-Added Tax (VAT) manual submissions and payments 28 February Value-Added Tax (VAT) electronic submissions and payments, PIT & CIT Provisional Payments where applicable. Disclaimer: The information provided herein should not be used or relied on as professional advice. No liability can […]
05
Jan
Jan
“The implied policy rate path of the Quarterly Projection Model indicates an increase of 25 basis points in the fourth quarter of 2021 and further increases in each quarter of 2022, 2023 and 2024.” (Lesetja Kganyago, SARB Governor) After cutting interest rates by 275 basis points to record lows in response to the economic crisis […]