Entries by Jacquelene Naude

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Tax and Bitcoin – What Does SARS Say About It?

‘Tax and Bitcoin’ are on everyone’s lips as we try and figure out where SARS stands on the issue of taxation on cryptocurrency. They recently made their stance on tax and bitcoin more clear – here’s what they had to say. The South African Revenue Service (SARS) will continue to apply normal income tax rules […]

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The Benefits of Outsourcing Your Accounting Needs

Accounting is so much more than balancing your books and preparing your budget.  Accurate, well-designed and up to date management accounting is at the root of many successful businesses, who avoids running out of cash because their assumed margins were not accurate. The size of your business and employee responsibilities will determine how you are […]

2018 Tax Calendar – Download & Print Here

With so many important dates and deadlines from SARS, it can be overwhelming to figure out when to submit which documents. If any documents are not submitted in time, SARS may impose penalties which could cost you or your business money. To avoid these penalties, it is important that you keep note of the 2018 […]

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4 Signs that You Need Business Consultation Services

Seeking out consultation for your business doesn’t mean that you are desperate or in trouble. On the contrary, business consultation gives you the chance to eliminate risk factors and implement valuable problem-solving skills that will benefit the future of your brand. Of course, a business consultant will also be able to assist with current issues […]

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Budget 2018 – What You Need to Know

On Wednesday, the Minister of Finance, Malusi Gigaba delivered the much-anticipated and hotly debated Budget Speech for 2018. While most of us were stuck at work, unable to listen to what the Minister had to say, there were some very important announcements that could change the way we do business and handle our finances. Here […]

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2018 Budget Speech: What Can We Expect?

On a political front, it has been a very exciting start to 2018. Regardless of where your allegiances lie, it is safe to say that most South Africans are much more positive about our country’s political future than we have been for many years. The Rand has responded very well among all the changes that […]

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IMPORTANT NEWS: COIDA Threshold Increase 2018/2019

The Hon. Minister of Labour, NM Oliphant, announced on 13 December 2017 in a Government Gazette (41382) that she intends to increase the amount of earnings under Section 83 (8) of the Compensation for Occupational Injuries and Diseases Act, 1993 (Act no. 130 of 1993). The Hon. Minister has increased the maximum amount of earnings […]

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SARS DEADLINE LOOMING: EMP501 Annual Submission

As 2018 kicks off in full swing, it’s time to plot and plan our way around the various SARS submission deadlines. The first such deadline is the annual submission for EMP501 – during the Employer Reconciliation process, employers are required to submit an EMP501 declaration which reconciles the taxes collected from employees with the monies […]