“I Have Bad News and – No, Actually I Just Have Bad News” (Rick Riordan) In the current year it has taken the average South African 126 days to pay off their taxes and only from the next day did the taxpayer then work for him or herself. This date fell on 6 May this […]
26
May
May
When SARS have requested documentation from taxpayers who do not use eFiling, the taxpayers have had to take these documents into a SARS Branch. Now SARS have launched on online form that taxpayers can complete and upload with the documentation requested by SARS. The online form can take ten documents which need to be 5MB […]
26
May
May
5 June – Monthly PAYE submissions and payments 25 June – VAT manual submissions and payments 28 June – Excise Duty payments 30 June – VAT electronic submissions and payments 30 June – CIT Provisional Tax Payments where applicable. Disclaimer: The information provided herein should not be used or relied on as professional advice. No […]
06
May
May
There are significant obligations placed on directors by the Companies Act and personal and criminal liabilities if they fail to meet these obligations. As a director you will no doubt be focusing on critical issues like keeping your business afloat and solvent (the CIPC has waived its right to intervene when a company becomes temporarily […]
06
May
May
In this brave new world of COVID-19, many people are working from home. Even after there is a cure for the virus, this trend will likely continue. Researchers at Harvard University have come up with some good ways to ensure you get maximum productivity and loyalty from your employees working remotely. Key points Both managers […]
06
May
May
“Prediction is very difficult, especially if it’s about the future” (Niels Bohr) Pandemics kill more people than wars – the introduction of the Black Death plague led to 14th Century Europe losing 40% of its population within two years. What will our world look like when normal life begins to return? Predicting the future can […]
06
May
May
We read about Eskom staff having to undergo lifestyle audits so that corruption can be identified and stamped out. SARS have been conducting lifestyle audits since 2007. These audits are conducted when SARS suspects that the taxpayer is not declaring all his or her income and thus is underpaying tax due. SARS have access to […]
06
May
May
7 May – Monthly PAYE submissions and payments 25 May – VAT manual submissions and payments 28 May – Excise Duty payments 29 May – VAT electronic submissions and payments 29 May – CIT Provisional Tax Payments where applicable 31 May – End of Employer Annual Reconciliation. Disclaimer: The information provided herein should not be […]