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If your CIPC annual return is due after 31 March 2013, you must prepare and submit the Annual Financial Statement to CIPC. Your annual Financial Statements will have to meet the Companies Act, 2008 requirements. All companies registered with CIPC Continue reading CIPC Annual Return Due after 31 March 2013?
Adapted from content excerpted from the American Express® OPEN Small Business Network Proper bookkeeping is important to sustaining and expanding a business. Without it, you run the risk of hitting cash flow crunches, wasting money, and missing out on Continue reading Bookkeeping and Record Keeping Basics
An essential but often neglected part of running a successful business is keeping records. Many business owners neglect accurate record keeping because they acknowlegde that are inexperienced in accounting. There is an answer. Bookkeeping software provides small business owners with an Continue reading Small Business Bookkeeping
Any taxpayer will, at some stage in his lifetime, have heard someone say that when you must pay SARS, you must pay at once. But when SARS must pay you, it takes forever! Have you experienced the truth in this Continue reading Did you Know: SARS Must Refund Your VAT Within 21 Business Days?
Taxation in South Africa is residence-based. Residents are taxed, based on their worldwide income, non-residents based on their South African income. Any person who is liable of income tax must register as a tax payer at the South African Revenue Continue reading Register as a Tax Payer with SARS
It’s that time of the year: tax season. The season when accountants come out of the woodwork to offer income tax preparation and filing via SARS eFiling. Everyone “knows” a bookkeeper. There’s literally one on every street corner! But be aware, Continue reading Where can you get Tax Advice online
In terms of the new 2012 budget, the tax-free threshold for small business corporations has increased to R63 556, the 10% rate has been reduced to 7% and the threshold to which this rate applies has been increased to R350 Continue reading 2010 Tax Threshold for Small Businesses
Business owners are also individual tax payers – which means that the adjustment of tax tables, rebates and all other issues like the deductibility of contributions to pension, provident, and retirement annuity funds affect them in exactly the same manner Continue reading Business Owners: How the 2012 Budget will Affect You
New Medical Deductions There have been many mixed reactions to the new structure of the Medical Credits for 2013. For tax payers below the age of 65, the medical capping will be replaced by a monthly medical tax credit of Continue reading Medical Credits for 2013
How Much Should Preparing a Tax Return Cost? There are an increasing number of tax payers who can benefit materially from hiring a professional Tax Practitioner to prepare their tax returns. But how much should it cost? That will Continue reading How much should a Tax Prep cost?