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 | Aug 4, 2020 | Tax
Individual taxpayers who are registered as provisional taxpayers as well as all companies, close corporations and trusts with a February year end must submit their first provisional tax return for the 2021 tax year by the end of August. They also have the option to...
by Peet Pieterse | Jun 18, 2020 | Tax
In the past tax season usually opened on 1 July for individual tax return submissions. As a result of COVID19 SARS has implemented a new strategy to reduce the need for taxpayers to potentially visit a SARS branch. This includes an automated assessment for some...
by Peet Pieterse | Mar 31, 2020 | Advisory
Due to the national lockdown that applies in South Africa, Small and Medium Enterprises (SMME’s) are negatively impacted. This is also affecting their employees. Please find some information that applies to most businesses. Current government assistance is split into...
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