Annual Employer Tax Recon Due End May  

Annual Employer Tax Recon Due End May  

“Only accountants can save the world — through peace, goodwill, and reconciliations.” (Unknown) Employers are legally required to submit their EMP501 reconciliation with accurate and up-to-date payroll and tax information (including valid Income Tax...
When Growth Is a Tax Problem

When Growth Is a Tax Problem

“As your profitability grows, your taxes will too. In fact, paying more taxes is an indicator that your business health is improving.” (Mike Michalowicz) Business owners work hard to grow revenue and increase profit. What often receives less attention is how...
New VAT Thresholds: Thinking of Deregistering?

New VAT Thresholds: Thinking of Deregistering?

“Renette Oosthuizen, small business owner from Gauteng, had this tip: ‘Minister Godongwana, please increase the VAT registration threshold for small businesses to R2 million. The R1 million threshold has not kept pace with the cost of doing business.’” (Budget Speech...
15% Global Minimum Tax (GMT) Goes Live at SARS

15% Global Minimum Tax (GMT) Goes Live at SARS

“An agreement that will really change the world.” (Olaf Scholz, former German Finance Minister) In October 2021, a global minimum tax framework for large multinational enterprises (MNEs) was established with the introduction of the GloBE (Global Anti-Base...