7 April – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 April – Value-Added Tax (VAT) manual submissions and payments 29 April – Excise Duty payments 30 April – Value-Added Tax (VAT) electronic submissions and payments 30 April – Corporate Income Tax (CIT) Provisional payments where applicable. Disclaimer: The information provided herein Read more
“Hope is being able to see that there is light despite all of the darkness.” (Archbishop Emeritus Desmond Tutu) It was with a sense of trepidation that South Africans awaited the 2021 Budget Speech by Finance Minister Tito Mboweni. Still confronted with all the challenges that existed before COVID-19 – Read more
How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here to find out. Have a look at the tax tables below for the new Individual and Special Trust income tax brackets, and for a convenient reminder of the various other taxes that Read more
“If we believe that tomorrow will be better, we can bear a hardship today” (Thích Nhất Hạnh) According to a press release issued this year by the World Bank, the pandemic has taken “a heavy toll of deaths and illness, plunged millions into poverty, and may depress economic activity and Read more
“It’s been said that government doesn’t create jobs, business does. For the most part, this is true. But government creates the environment in which businesses can excel and expand” (American politician and lawyer, Christine Gregoire) There are several resources that the government, under the guidance of the Department of Small Read more
(N.B. The increases highlighted below are extracted from the Employment and Labour Minister’s announcement of 9 February 2021, and emphasis has been supplied where helpful in enabling quick identification of your employment sector. Comment is in square brackets) “The National Minimum Wage (NMW) for each ordinary hour worked has been increased from Read more
5 March – Monthly PAYE submissions and payments 25 March – VAT manual submissions and payments 30 March – Excise Duty payments 31 March – VAT electronic submissions and payments 31 March – Corporate Income Tax Provisional Tax payments where applicable. Disclaimer: The information provided herein should not be used Read more
“The only thing that hurts more than paying an income tax is not having [an income on which] to pay an income tax” (Thomas Dewar) Provisional tax is not a separate tax but rather a method of payment used to collect in advance some of a taxpayer’s income tax payable Read more
“Sales are contingent upon the attitude of the salesman – not the attitude of the prospect” (W. Clement Stone) With the world experiencing its toughest business environment in decades, your sales reps are the people who more than anyone else need to not only embody the company and its values, Read more
Many small and medium-sized enterprises (SMEs) are owned and managed by the founder(s), sometimes with the involvement of family members, and in the early stages of the life of a small or medium-sized company there would seem to be little reason or motivation to appoint independent non-executive directors to the Read more