5 accounting services your business shouldn't overlook

5 Accounting Services Your Business Should Not Overlook

As a business owner, it is important to have your accounting operations up-to-date. With processes such as private company valuations, bookkeeping, and tax advisement, it can be easy to overlook important details. Here are 5 services to remember for your business. 1. Acting as accounting officer to close corporations Acting as an accounting officer involves technical […]

5 Red Flags SARS Looks For When Deciding To Audit

Full disclosure by an individual in a tax return will reduce the risk of being audited. There is, however, no guarantee that complete disclosure would prevent SARS from auditing you. SARS has different methods of identifying cases for audit. Here are 5 reasons why SARS may decide to audit your business. 1. Random Checks Conducted […]

Top 5 Things Your Business Will Need Before You Register Your Company

Can you run a business without registering? In short, yes, but registering a business comes with certain legal benefits. One benefit is asset protection which ensures the safety of personal assets in the event of a lawsuit against the company. Registering a business ensures the legal protection of the company name so it cannot be […]

office closure

Office Closure

The festive season is finally here, giving us time to spend with our loved ones and celebrate traditions. Hence, we are announcing our office closure from the 16th December 2021. We will be reopening our doors on the 6th January 2022. Please take note of the following tax and financial statement deadlines: 1. Salaries/EMP201 for […]

What To Do When You Need a VAT Refund

Throughout the years, we’ve worked extensively with business owners who have explained to us, the struggles they have with the different moving parts in their finances and when it applies to VAT and SARS, we know some things just. don’t. balance. This is amplified even further where finances are concerned, like when you need a […]

Non-Compliance and VAT

In 2021, new tax updates have emphasized ownership of tax affairs, this means there is a higher standard of personal accountability. These updates, along with the Covid-19 pandemic, have undoubtedly placed a heavy strain on small business owners, but it has led to innovative conversations around solutions for finance and tax relief. As a result, […]

5 Key SARS Regulations You Shouldn’t Overlook for Your Business

New tax bills have recently been signed by President Cyril Ramaphosa, these finance-focused bills came into effect in January 2021 and all South African Business owners should be aware of them. “The most important change that applies to all tax payers is the one that criminalizes negligent non-compliance. This, and other administrative changes mean that […]