News & Resources
DO YOU HAVE A SPRING IN YOUR STEP?
The fourth quarter is already well under way – and it won’t be long before we see the familiar Christmas decorations in our stores.
So, what is your “Spring Step”?
TAX-UP
The Minister of Finance, Mr Enoch Godongwana, aka CFO of SA Inc. has a precarious balancing act in his forthcoming budget speech set for 21 February 2024.
TAX-UP 2024 – SARS has launched a new automated VAT assessment system
The South African Revenue Service (SARS) has launched a new automated VAT assessment system, which registered VAT taxpayers in the country need to familiarise themselves with.
TAX FILING SEASON UNDERWAY FOR 2024
TAX FILING SEASON UNDERWAY FOR 2024 (AND IN NEARING CLOSING STAGES FOR 2023)
The 2023 tax filing season opened on 7 July 2023 with a number of changes to e-filing. In line with SARS intention to get to know tax-payers better the information section has been expanded as has the section on beneficial ownership.
TAX-UP
Don’t miss the South African Income Tax season! Learn about the deadlines, penalties, and the auto-assessment option offered by SARS. Review your assessment, submit required documents, and ensure a hassle-free tax filing process. Seek professional support for complex cases. Contact Craig or Sarah for assistance.
Financial Intelligence Centre
Stay compliant with the recent amendments to Section 42 of FICA and the stricter guidelines imposed by the FIC. Learn about the importance of Risk Management Compliance Plans (RMCP) in preventing financial crimes like money laundering and terrorist financing. Ensure you meet the requirements and respond to the FIC Directive by the deadline.
Trusts Beware!
The Financial Intelligence Centre (“FIC”) has identified Trusts as vehicles fairly easily used for money laundering and other illicit activities.
Performance Agreements – really…
Key Performance Indicators, Matrices, Benchmarks, Hygiene factors, weighting, alignment to reward…we have heard this and been part of the process either as an employee, employer or both during our careers.
Decommissioning of the IT14SD by the South African Revenue Service (SARS)
The IT14SD was introduced in 2011 and is a supplementary declaration to enhance tax disclosure, requiring reconciliation across different tax types.
Insource, Outsource or Co-source?
Simply put, in-source equates to sourcing contract employees on an as-and-when basis, outsourcing is self-explanatory, and co-source is working with others (on a project, for example).