7 February - Monthly PAYE submissions and payments25 February - VAT manual submissions and payments27 February - Excise Duty payments28 February - VAT electronic submissions and payments28 February - CIT Provisional Tax Payments where applicable28 February - PIT Provisional Tax Payments ...
On 26 February 2020 the Minister of Finance, Tito Mboweni, will be making his annual budget speech. Traditionally, the Minister asks the public what they would like to see in the budget and a "Budget Tips" portal on the National Treasury website is open. Citizens are...
An issue that has been around for a while has been employees misrepresenting their qualifications to their employer. This has adverse consequences for the employer as the employee often proves incapable of doing the required job – this leads to wasted time in disciplinary hearings,...
The past few years have seen scandals emerging in both the private and public sectors. Steinhoff, State Capture, Eskom, the Guptas and Bosasa, to name a few, have revealed how endemic corruption has become in South Africa. The National Prosecuting Authority (NPA) is now beginning to...
"Why do approximately 70% - 80% of small businesses fail within five years? Why are certain entrepreneurs more successful than others?" (Extract from UWC article below) Recent research by the University of the Western Cape on the rate of failure of small businesses makes for interesting...
"There are two systems of taxation in our country: one for the informed and one for the uninformed" (U.S. Judge Learned Hand) Small and medium-sized enterprises (SMEs) have limited access to capital markets. As SMEs are considered to be the cheapest and most cost-effective sector in...
7 January – Monthly PAYE submissions and payments24 January – VAT manual submissions and payments30 January – Excise Duty payments31 January – VAT electronic submissions and payments31 January – CIT Provisional Tax Payments where applicable31 January – 2019 Income Tax submission due for provisional taxpayers...
It is now widely expected that sometime in the next year or so Moody’s will downgrade South Africa’s debt to junk status. Many see this as the beginning of the process to rehabilitate ourselves. True, initially we will go through a difficult period as ±R150...
“If it sounds too good to be true, it probably is” (wise old adage) In the USA, $40 billion is lost every year to scammers. When you consider statistics suggesting that 65% of scam victims don’t report their losses (usually they are too embarrassed to admit...
“The hardest thing in the world to understand is the income tax” (Albert Einstein) Provisional taxpayers using eFiling need to have completed and submitted their 2019 income tax return on or by 31 January. Make sure you are prepared for this and don’t underestimate the time needed...