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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…

SARS now has access to all one’s bank details, including all payments made or amounts received in one’s accounts. Read more…

One of the draft regulations to the new Tax Administration Act deals with the keeping of records in electronic format. Should these regulations come into force, taxpayers might be well advised to seek the assistance of an IT specialist when compiling certain documents. Read more…