SARS Introduces Digital Registration System for Exempt Institutions
The South African Revenue Service (SARS) has announced that it is moving the registration and application process for Income Tax Exempt Institutions to a fully digital system. This development forms part of SARS’s broader strategic objective to simplify taxpayer compliance by leveraging digital platforms.
Understanding Independent Reviews for your business: a guide for business owners
As a business owner, you may find yourself facing the statutory requirement to have your company’s financial statements independently reviewed. This is no reason for concern, as an independent review can bring numerous benefits such as improving the reliability of your financial reporting and help you stay compliant with legal requirements.
January 23 deadline causing headaches for provisional taxpayers
The recent announcement that the deadline for provisional taxpayers has been brought forward to 23 January 2023 is causing confusion. “Some provisional taxpayers have mistaken this to mean that their second provisional tax submission is due sooner this year, but this is incorrect,” says Nicolas Botha, Tax Team Compliance & Processing Manager at Tax Consulting […]
The Information That Can Keep A Deceased Estate Frozen
As if the distress of losing a loved one was not enough, the process of winding up their estate immediately following their death can prove overwhelming to a grieving family. But if they cannot promptly produce the legally required information, that critical source of funds may remain frozen much longer than necessary.
What Can Happen to Your Family If You Have No Will?
Between 70 and 80 percent of South Africans do not have a will to protect their loved ones in the event of their untimely death.