“The hardest thing in the world to understand is the income tax” (Albert Einstein) A year after the first mass auto-assessments were issued by SARS in 2020, many more taxpayers are facing the 2021 tax season deadline of 23 November – just days away! Read on to find out what Read more
“The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital… the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy” (John F. Kennedy) Since October 2001 South African tax residents have been Read more
“Almost overnight the internet has gone from a technical wonder to a business must” (Bill Schrader) No matter the size of your business or what industry you are in, building and maintaining an effective website should be at the heart of all your planning. The internet has become an essential Read more
“Cloud is about how you do computing, not where you do computing” (Author and former CEO of tech company VMware, Paul Maritz). “Working in a cloud” favours companies of all sizes, specialising in different trades, and allows them to manage their work according to their own preferences of operations. The Read more
05 November – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 November – End of Filing Season 2021 for Individuals (Non-Provisional) 25 November – Value-Added Tax (VAT) manual submissions and payments 29 November – Excise Duty payments 30 November – Corporate Income Tax (CIT) where applicable 30 November – Value-Added Tax Read more
“A senior SARS official may authorise the issue of a notice to a person who holds or owes or will hold or owe any money, including a pension, salary, wage or other remuneration, for or to a taxpayer, requiring the person to pay the money to SARS in satisfaction of Read more
“Mobile devices, high-speed data communication, and online commerce are creating expectations that convenient, secure, real-time payment and banking capabilities should be available whenever and wherever they are needed” (Chair of the Federal Reserve of the United States, Jerome Powell) South Africa is already a cash-heavy economy as it is and Read more
“The gig economy is empowerment. This new business paradigm empowers individuals to better shape their own destiny and leverage their existing assets to their benefit” (John McAfee) The modern world of work was already changing by the time Covid-19 hit. The “gig economy” had taken hold and numerous apps allowed Read more
“The future of money is digital currency” (Bill Gates) If you are thinking of buying – or have bought – any “crypto asset” such as a crypto currency like Bitcoin, Ethereum, Polkadot, Solana (or any of the many other crypto currencies springing up all over the place), be aware of Read more
7 October – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 October – Value-Added Tax (VAT) manual submissions and payments 28 October – Excise Duty payments 29 October – Corporate Income Tax (CIT) Provisional Tax payments where applicable 29 October – Value-Added Tax (VAT) electronic submissions and payments. Disclaimer: The information provided Read more