April 13, 2018

CHANGES TO INCOME TAX RETURNS FOR COMPANIES

The South African Revenue Service (“SARS”) implemented several changes to the annual income tax returns for companies (the ITR14) on 26 February 2018 as part of […]
March 25, 2018

ADDITIONAL MEDICAL EXPENSES TAX CREDIT

Section 6B of the Income Tax Act[1] provides for an additional medical expenses tax credit (“AMTC”) which is calculated against qualifying “out of pocket” medical expenses. […]
March 25, 2018

CLAIMING VAT INPUT ON “PRE-ENTERPRISE” EXPENDITURE

In terms of section 17 of the Value-Added Tax Act, 89 of 1991, a registered VAT vendor is entitled to claim back any amounts of VAT […]
March 25, 2018

BUDGET 2018: IT’S A NUMBERS GAME

South Africa’s budget paints a very interesting picture when one drills down into the numbers involved. The annual national budget presented in Parliament on 21 February […]
March 25, 2018

ACCOUNTING TIPS FOR A SUCCESSFUL BUSINESS

Running a business has many challenges, from building clientele to employee relations. However, one of the biggest challenges a business may face is keeping abreast of […]
March 19, 2018

REMINDER – VAT INCREASE: Don’t forget to update your accounting systems!

As you are aware, the National Treasury announced an increase in Value Added Tax (VAT) from 14% to 15% effective 1 April 2018. We urge you […]
February 28, 2018

INCOME TAX RECOUPMENTS

In the ordinary course of business, assets used by taxpayers to conduct their trade are often written down over a number of years in the form […]
February 28, 2018

GROWING YOUR BUSINESS AND ADAPTING TO CHANGE

Growing a business takes several important characteristics that require a dedicated leader driving it at the helm. These characteristics include vision, change and people. An effective […]
February 27, 2018

WITHDRAWAL OF VAT RELIEF FOR RESIDENTIAL PROPERTY DEVELOPERS

Section 18B of the Value-Added Tax Act[1] was introduced effective 10 January 2012 in a bid to grant relief for residential property developers caused by the […]
February 27, 2018

ACCOUNTING BEST PRACTICES FOR SMALL BUSINESSES

When it comes to looking after the welfare of a business, accounting tops the list as being the most important. Without proper accounting, a business runs […]
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