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USE ONLY A REGISTERED TAX PRACTITIONER BECAUSE ….. By 1 July 2013, all “tax practitioners” are required by the Tax Administration Act (TAA) both to register with (or fall under the jurisdiction of) a “recognised controlling body” and to register Continue reading REGISTERED TAX PRACTITIONER
The recently published Taxation Laws Amendment Bill, 2013 (“TLAB”), shows a compromise by Government aimed on the one hand at allowing the free flow of commerce but on the other hand at blocking abuse of the VAT system. New legislation Continue reading VAT Registration
Since 2004, when it became mandatory for anyone rendering tax services to register with SARS as a tax practitioner, approximately 34 000 individuals have in essence become registered tax practitioners. However, media reports and public speeches have disclosed that almost 50% Continue reading Legitimate Requirements of Your Tax Practitioner
South African Revenue Service (SARS) has decided to withdraw the option to make direct payments to it via its eFiling Web site, without additional authorisation. SARS will, this month, phase out the payment facility via its eFiling system. The so-called Continue reading Direct Payments to SARS via EFiling Withdrawn
Registering your small business as a private company can be achieved via CIPCs (Company and Intellectual Property Commission) formal application process. This of course is one of the basic qualifying criteria for the SBC tax benefits. As a start-up you Continue reading SBC Registration
In the case of registered companies, qualifying businesses can register as small business corporations (SBCs) in order to enjoy further tax incentives, including reduced corporate tax rates. Presently, these include no tax for the first R 67 111 of annual Continue reading SBC Tax Rates
So you may be wondering, are there any tax benefits if your business is currently turning over less that R1 Million per annum? This is where “turnover tax” comes in, and it is applicable to sole proprietors, partnerships and companies. Continue reading Turnover Tax
TAX EVASION is Completely Illegal. TAX AVOIDANCE is a completely justifiable practice. All entities, individuals SME’s and corporates are equally obliged to pay taxes. It is within your right to arrange your affairs, find ways of minimising your taxes without Continue reading Difference between Tax Avoidance and Tax Evasion
Using part of your primary residence for business purposes A business owner or professional person often uses part of his or her primary residence for business (non-residential) purposes. When the residence is sold, a special Capital Gains Tax (CGT) treatment Continue reading CGT Tax Implications of Using Residence for business purposes
Are you struggling to obtain a letter of good standing (WCA) – is your business suffering because you cannot fulfill this requirement? Let us assist you and get your business back on track within 5 working days. Contact us NOW ! 021 Continue reading WCA Letter of Good Standing