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Variable cash remuneration such as commission, bonuses and overtime pay have a history of creating frequent tax problems due to the accrual of these remuneration prior to payment thereof. Read more…

While deregistration as a vendor for VAT purposes might seem like an attractive option under certain circumstances, the consequences of so-called Exit VAT must be taken into account. Read more…

The job you want may never be advertised. Now, more than ever before, talent managers – or recruiters – scour social media networks to find the right fit for a position. Read more…

If you’re one of the many South Africans who receive income from a foreign country, you may have asked yourself whether it’s taxable in South Africa and whether you should declare it in your South African tax return. Read more…

Co-operatives are not new to South Africa. However, the Co-operative Act – rewritten and promulgated in 2005 – states rather clearly that it aims to create a tool for sustainable broad-based black economic empowerment. Read more…

Should we register our organisation as a Non-Profit organisation (NPO) or a Public Benefit Organisation (PBO)? What’s the difference? Read more…

Individuals and trusts who carry on a trade may now apply for permission to submit financial accounts for a period that differs from the year of assessment ending on the last day of February. Read more…

The method of financing an asset not only has an impact on a company’s cash flow, but also on its financial statements (the net asset value of the company) and its taxable income. Read more…

Joining a professional organisation may represent an outstanding return on what amounts to a modest, manageable investment of time, money and effort. The connections you make, the resources you have access to and the ideas and advice you’ll discover may turn out to be beneficial to both your professional development and your career. Read more…

The Tax Administration Act, No. 28 of 2011, which came into effect on 1 October 2012, has given the South African Revenue Services (SARS) certain information gathering powers. This article gives a broad overview of the rights and limitations to the powers of SARS when visiting a taxpayer’s premises without prior notice. Read more…