by Peet Pieterse | Jan 31, 2023 | Tax
Together with the reduction in the Income Tax rate (from 28% to 27%), SARS implemented a limitation on the usage of a tax loss brought forward. This will apply to all companies with a year end from 31 March 2023, and therefore most companies will only see the impact...
by Peet Pieterse | Nov 11, 2021 | Accounting, Advisory, Tax
What is home office expenses? Home office expenses are those expenses that relates to a person using an office to work from at his place of residence. SARS allows some of the expenses relating to your home to be tax deductible on your personal tax return in certain...
by Peet Pieterse | Mar 18, 2021 | Accounting, Business Consulting, Tax, Uncategorized
A few years ago, SARS commenced the loading of monthly penalties on individual taxpayers who had overdue Income tax returns. This was later extended to companies and now also cover outstandingPAYE returns. A new penalty For a number of years, the Income Tax Act made...
by Peet Pieterse | Jan 7, 2021 | Business Consulting
The shareholders of a company appoint directors to manage the company affairs. These directors have a statutory duty towards the company and must always act in the best interest of the company. How many directors must a company have? All Public and Non-Profit...
by Peet Pieterse | Oct 9, 2020 | Accounting
Why should I convert to Cloud Based Accounting? Before you can consider the benefits of Cloud Based Accounting you first need to understand what it is and how it differs from historic accounting systems. Historically Up to the early 2000’s it was common practise for...
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