Ways to navigate an interest rate hike in South Africa: The power of expert advice
When the sun is shining, it is the opportune time to fix the roof. This adage is especially true in the context of economic situations, where preparation is key to weathering financial storms. In South Africa, as in many parts of the world, interest rates have seen an upward trend, posing significant implications for personal […]
A dive into South Africa’s revised assessed losses regulations
Navigating the complex world of corporate finance and tax regulations can be challenging for businesses. South Africa has recently undergone significant changes in its tax landscape, including limits on assessed losses and adjustments to corporate income tax rates. To stay informed, adaptable, and compliant, companies must seek expert advice and gain a better understanding of […]
Betalings aan vervalste bankbesonderhede neem toe.
Besigheid epos vervalsing bedrog is die grootste besigheid verwante bedrog soort in Suid-Afrika en is verantwoordelik vir groot verliese. Bedrieërs sal ‘n epos rekening (besigheid of persoonlik) “hack”. Die slagoffer word mislei om hul gebruikersnaam en wagwoorde bekend te maak. Sodra bedrieërs toegang tot die rekening het, sal hulle filterreëls opstel om kritieke eposse met […]
We offer Xero cloud accounting solutions for your business
If you want your business to work smarter and faster, cloud accounting software is a wise investment. Working in the cloud will give you a better overview of your finances and speed up your business. What is this thing called the cloud? Think about when you use internet banking. Every time you access your bank […]
Where to find money when you have no money
As COVID-19 has ravaged the economy and stripped it bare of tens of thousands of jobs, there is a real threat to the livelihoods of many ordinary working South Africans. As happens during a time of economic recession, some businesses are unable to pay full salaries, have to scale down and have to let workers […]
Auto Assessment by SARS – SARS will do the filing for you
In August, SARS will assess a significant number of taxpayers automatically. If you accept the outcome, you do not have to complete a return because SARS would have done that for you. If you are auto-assessed, you will be notified per SMS in August – so there will be no need for you to […]
VAT CONCERNS FOR INTERNATIONAL SERVICE PROVIDERS
On 3 April 2020, the Supreme Court of Appeal delivered a judgement against Diageo South Africa (Pty) Ltd (“Diageo SA”) in a value-added tax (“VAT”) matter relating to the supply of advertising and promotion (“A&P”) services to various non-South African brand owners in the group. Diageo SA entered into an agreement with the foreign brand […]
TELKOM’S INSENSIBLE GAINS AND LOSSES
The Supreme Court of Appeal (“SCA”) delivered judgement on 25 March 2020 in a matter that primarily deals with gains or losses caused by foreign exchange fluctuations. Key to the debate was the interpretation of statutes and specifically whether section 24I of the Income Tax Act (which regulates foreign exchange gains and losses) is a self-standing […]
TECHNOLOGY AND ITS IMPACT ON THE FINANCIAL WORLD
Accounting has moved from pen and paper to the cloud, monthly payments can be done through online banking apps, and big purchases like houses and other property can be completed using cryptocurrency. For a business to be successful, it is important that is keeps up with the tech and digital world, which has shown financial […]
UNDERSTANDING THE PERIOD OF LIMITATION
In terms of section 99 of the Tax Administration Act, 28 of 2011, an assessment may not be made three years after the date of an original assessment by the South African Revenue Service (SARS), or in the case of a self-assessment by a taxpayers (such as in the case of a Value-Added Tax return), […]