April 13, 2018

FRINGE BENEFITS PROVIDED TO EMPLOYEES

The Seventh Schedule to the Income Tax Act[1] lists various benefits that employers may grant to employees which will attract income tax for the employee,[2] and […]
April 13, 2018

WHY IT IS IMPORTANT TO KNOW THE VALUE OF YOUR BUSINESS

A properly considered business valuation can be the first step in many essential business processes and activities. Although there are many examples, these might include procurement […]
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 […]
We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies
X