Entries by Maritza Botha

NEWS | SARS DECLARES WAR ON NON-COMPLIANCE

SARS Commissioner, Edward Kieswetter, has used the South African Institute of Tax Professionals’ Tax Indaba as a platform to fire a shot across the bow, letting taxpayers know that non-compliance will be met with the full force of the National Prosecuting Authority (NPA). The Commissioner has allied himself with the NPA and concluded a new […]

AFRICORP ACCOUNTING PRIDES ITSELF ON ABILITY TO DELIVER

GEORGE BUSINESS NEWS – Africorp Accounting is a niche tax, legal and accounting firm that forms part of a larger group of companies that has existed for over 14 years. When you deal with multiple disconnected service providers, you risk missing compliance issues and profitable opportunities hidden in the intersections.

NEWS | RETRENCHMENT MISTAKES EMPLOYERS MUST AVOID

When their market shrinks, especially in a struggling economy, companies must find ways to reduce their operational costs, and retrenchment may become an unavoidable option. It’s an unfortunate but sometimes necessary decision that can traumatise both dismissed employees and remaining staff, leaving psychological scars long afterwards.

TAX FILING SEASON – HERE ARE SOME CHANGES FROM SARS

The South African Revenue Service (SARS) is acutely aware of the decline in tax moral and tax compliance, say Thamasanqa Msiza, senior tax consultant & Darren Britz, senior tax attorney at Tax Consulting SA. Many of the changes to the annual tax Filing Season this year is to lower the cost of compliance for taxpayers, […]

NEWS | SIX SARS AUDIT TIPS FOR THE CAPTURED

Last week we were asked what Mr Edward Kieswetter’s first actions should be when he takes over the reins at SARS on 1 May. The answer for us was a no-brainer, crack down on those implicated in the State Capture Inquiry, starting with the beans spilled on Bosasa.

NEWS | A NEW SHERIFF IN TOWN

Newly appointed tax commissioner Edward Kieswetter has hinted at the regime he plans on implementing at the embattled Receiver from 1 May 2019. In short, the “tax holiday is over”. The sheriff is ready to clean up the town.

Deciding on a Business Entity and the Tax Implications Involved

Starting your own business can be both an exciting and daunting experience. It is a journey that needs careful consideration beforehand to avoid any unintentional exposures. Strategic planning and oversight is imperative to select the right business entity that offers maximum tax saving and minimum risk exposure. The South African Revenue Service (SARS) has stepped […]