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  By ITWeb Johannesburg, 1 Jul 2013 The CIPC has a programme to upgrade its IT hardware and infrastructure during the rest of the year, says commissioner Astrid Ludin. The Companies and Intellectual Property Commission (CIPC) has withdrawn its annual Continue reading CIPC shuts down annual return system→

PROCRASTINATION is something that comes naturally to taxpayers. Ignore the problem and hopefully the South African Revenue Service (SARS) will forget about it. This used to be quite effective, but the new Tax Administration Act now makes it the worst Continue reading Don’t Ignore the Tax Act→

Attention All Employers   The deadline for submission of your PAYE reconciliation is 31 May 2013. If you unsure of what implications this has for you, then do get in touch with our office.   Tel: 021 762 7340   Continue reading PAYE Reconciliation Deadline 31 May 2013→

When it comes to the countdown to the end of the financial year, it means that you should start preparing by focusing on your end of financial year position. Now is the time to undertake tax planning that is appropriate for you and Continue reading Prepare for Tax Time with these 5 Tips→

With effect from 1 March 2013, tax exemptions on interest earned will be increased to: • R23,800 a year for investors under the age of 65 (up from R22,800 per year); and • R34,500 a year for investors 65 years Continue reading 2013/14 Budget Tax Exemptions→

CGT is a tax levied on the profits made from the sale of an asset, such as property or an investment. Switching between the underlying unit trusts you are invested in will involve selling the units you wish to switch Continue reading 2013/14 Budget Impact on Capital Gains Tax (CGT)→

Government proposes that the R14 million turnover threshold for small business corporations be lifted to R20 million and that the graduated tax structure also be adjusted. The proposal is that small firms classed as Small Business Corporations with a taxable Continue reading R360m in tax relief for small businesses→

In terms of Section 5 of the Income Tax Act, every natural person, who receives taxable income, is obliged to pay income tax on that income. In terms of Section 66 of the same Act, every person, who is liable Continue reading Submit a return if income below threshold?→

Registering For Tax And Obtaining A Tax Certificate By Luzaan Dudley Adams and Adams The obligation to register for and pay taxes is one that the majority of South Africa bears, including companies, close corporations and other taxable entities. As such, registering Continue reading Register For Tax – Tax Certificate→

The South African Institute of Chartered Accountants (SAICA) has observed that there is some confusion in the market place regarding the penalties that the South African Revenue Services (SARS) can levy, specifically with respect to provisional tax.Piet Nel, SAICA’s Project Continue reading Provisional Tax Penalties→