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. Such businesses avoid running out of cash because their assumed margins were not accurate. The size of your business and employee responsibilities will determine how you […]
The 2018 SARS Tax Returns Season opened on 01 July 2018 and will close on 31 October 2018. SARS have released a new Service Charter which outlines taxpayers’ rights and responsibilities as well as the service standards that you can expect from the South African Revenue Service during the 2018 tax season. Acting SARS commissioner […]
Income Tax Filing season is almost upon us – time to get your personal tax affairs in order. Some of us were born to do calculations and manage accounts, but for others, a tutorial video that explains how to use Excel is equivalent to a horror movie. Luckily, MoneyPenny is there to assist and handle these […]
On Monday, 04 June 2018, the South African Revenue Service (SARS) announced some changes to the tax filing season. In an attempt to improve efficiency, the tax filing season will now be shortened by three weeks. Shorter Tax Filing Season “A shorter filing season allows additional time for SARS, taxpayers and the tax fraternity to […]
Return of Earnings – 2017/2018 Employers are required to submit a Return of Earnings form (W.As.8) on an annual basis. The Department of Labour has announced that the 2017/2018 submissions will open on 1 April 2018 until 31 May 2018. Any submissions done after this date will attract a 10% penalty and will have interest added […]
‘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 […]
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 […]
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 […]
It’s been a busy start to 2018 as businesses prepare for the year ahead. The Minister of Finance delivered the Budget Speech on 21 February and now we’re left wondering how all his announcements will affect our personal finances and the way we conduct business. There have been plenty of changes when it comes to […]
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 […]
