POSTPONEMENT OF THE SARS VISION 2024 PROJECT
In a recent development, SARS has announced a rescheduling of two significant projects, which impacts both businesses and taxpayers. 1. SARS Vision 2024...
Read morePOSTPONEMENT OF THE EFFECTIVE DATE OF THE TWO-POT RETIREMENT SYSTEM
The Standing Committee on Finance has recently confirmed a significant adjustment to the draft legislation governing the Two-Pot Retirement System. While...
Read moreSARS INTRODUCES THEIR NEW eFILING LANDING PAGE
SARS is launching a new eFiling landing page on 27 October 2023, aligning with their commitment to modernisation and user-friendly services. The landing...
Read moreCOIDA CONFIRMATION OF LIFE FOR ALL FOREIGN PENSIONERS AND BENEFICIARIES
In a move to ensure transparency and accountability in the compensation fund, the commissioner for the Compensation for Occupational Injuries and Diseases...
Read moreSARS’ Fully Automated Assessments Raise a Few Eyebrows
As the 2023 tax season unfolds, the South African Revenue Service (SARS) has once again initiated its fully automated assessment process, actively promoting...
Read moreSARS UPDATE: CHANGES TO TAX DIRECTIVES
SARS is rolling out a critical update to the Tax Directives process on 15 September 2023. This update pertains to asylum seekers and refugees and will...
Read moreSARS EMPLOYER INTERIM RECONCILIATION DECLARATION: 18 SEPTEMBER TO 31 OCTOBER
Attention stakeholders! Your tax compliance is under scrutiny! The Employer Interim Reconciliation period is from 18 September to 31 October 2023. Failing...
Read moreSARS NOTICE: IMPLEMENTATION OF TAX DIRECTIVES
The South African Revenue Service is gearing up to implement crucial enhancements to the Tax Directives system this September. From changes in retirement...
Read moreProposed Tax Law Changes Cast Uncertainty Over Remote Work Landscape in South Africa
The landscape of remote work in South Africa might be facing a significant shake-up due to proposed tax law changes from the National Treasury. These...
Read moreSARS NOTICE: POSSIBLE TAXPAYER HANDOVER TO EXTERNAL DEBT COLLECTORS
Attention all tax practitioners! The South African Revenue Service (SARS) has initiated the process of notifying taxpayers with outstanding debts that are...
Read moreTax Practitioners: The Critical Importance of Compliance and Professional Standards
The relationship between the South African Revenue Service (SARS) and the recognised controlling bodies (RCBs) plays a vital role in regulating the tax...
Read moreSARS Notice: Treatment of Defaulted Third-Party (AA88) Notices
Attention all taxpayers and employers! SARS has recently addressed technical issues affecting the Employer e@syFile system, which led to non-compliant...
Read moreFREQUENTLY ASKED QUESTIONS ABOUT THE INDIVIDUAL TAX FILING SEASON
The 2023 tax season is in full swing, and it’s crucial to stay informed and prepared. SARS has announced that the filing season will run from 7 July...
Read moreEnhanced Compliance Measures for Trust Tax Filing Season Pose Challenges
The trust tax filing season is fast approaching, and South African taxpayers face new challenges as SARS introduces significant changes to enhance...
Read moreImportant Updates for Tax Season 2023: Filing Dates and Auto Assessments
Attention all taxpayers! The upcoming tax season for 2023 is fast approaching, and it’s time to stay informed about the latest updates and deadlines...
Read more2023 Income Tax Returns: Submission Requirements and Deadlines Outlined in Government Gazette
SARS recently released Government Gazette No. 48788 where the requirements for submitting income tax returns for the 2023 year of assessment is outlined...
Read morePersonal Income Tax: 2023 Filing Season Updates
SARS is committed to creating a streamlined and efficient tax filing process for individuals. As part of their mission to become a smart and modern...
Read moreSARS Update: Filing Season For Trusts
SARS is making improvements to its systems and processes for the filing of income tax returns for Trusts (ITR12T). These changes, effective from 23 June...
Read moreSARS Notice: PAYE Administrative Penalties
In June 2021, the South African Revenue Service (SARS) introduced the PAYE Admin Penalty, enabling the imposition of administrative penalties for the...
Read moreNavigating Tax Emigration: What South Africans Need to Know Before Leaving SA
In recent years, an increasing number of South African taxpayers have chosen to end their tax residency in South Africa and explore new opportunities...
Read moreCOIDA ROE Deadline Extension
Breaking news! The Director General of Employment and Labour, has announced a welcome extension of the COIDA ROE submission season. That’s right, you...
Read moreSouth Africans are forced to tighten their belts even further with the newest interest rate hike
The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has increased the repurchase (repo) rate by 50 basis points. The announcement...
Read moreSARS Notice: Implementation of New Stringent VAT Registration Process
The South African Revenue Service (SARS) has recently announced the implementation of a new stringent VAT registration process, aiming to address a...
Read moreEmployment Equity Amendment Act: Understanding the Implications and Key Changes for Employers
The Employment Equity Amendment Act, 2022, which was assented to by the President on 14 April 2023, brings significant changes to the Employment Equity Act...
Read moreASSOCIATE SHOWCASE: INTRODUCING LESLIE FROM CONTRASERV
Our Group is home to many industry-leading specialists who operate across several payroll & HR disciplines. We refer to our partners as Associates. In...
Read moreSARS tightens the grip on remote workers and foreign employers
The National Treasury in South Africa has revealed proposals in its February 2023 Budget to align the obligations of foreign and South African employers...
Read moreSecond Interest Rate Hike for 2023 – South African Reserve Bank Announces 50 basis point increase
On Thursday, 30 March 2023 the South African Reserve Bank (SARB) announced a surprise 50 basis point increase to the repo rate, taking it to 7.75% and...
Read moreSARS Introduces a USSD Service – A New Way to Manage Your Tax Affairs
The South African Revenue Service (SARS) has announced the launch of a new USSD service. This exciting new service will allow taxpayers to easily manage...
Read moreAssociate Showcase: Introducing Anton from Krycom
Our Group is home to many industry-leading specialists who operate across several payroll & HR disciplines. We refer to our partners as Associates...
Read moreLandlords Beware: Failure to Declare Rental Income Can Land You In Hot Water with SARS
As a landlord in South Africa, it is crucial to understand that any rent received from your investment property must be declared as income on your tax...
Read moreWhy You Should Consider Outsourcing Your Payroll in 2023
It’s no secret that managing payroll takes a lot of effort and can be quite time-consuming—something many businesses aren’t readily equipped to...
Read moreNotice: Rescheduled SARS eFiling Backend Upgrade
Please note that the South African Revenue Service (SARS) has issued a communication informing stakeholders about the rescheduled upgrade of the SARS...
Read moreThe 2023 Budget Speech In A Nutshell (UPDATED)
Please Note: This is an updated version of the original article from 23 February 2023 which now includes some items that were published after the Budget...
Read moreThe Department of Labour Increases COIDA Thresholds
South African business owners and payroll departments, take note! The Department of Labour has amended the Compensation for Occupational Injuries and...
Read moreA Recap of The 2023 State Of The Nation Address
On 9 February 2023, South African President Cyril Ramaphosa delivered the State of the Nation Address (SONA) in the midst of an energy crisis that has...
Read moreUPDATED: UPGRADE OF THE SARS EFILING TECHNICAL PLATFORM
The South African Revenue Service (SARS) on Monday, 13 February 2023, issued an update regarding the previous communication to notify all stakeholders of...
Read morePayroll Trends to Keep an Eye on in 2023
The legislative landscape of payroll management is constantly evolving as new trends come into play, and businesses need to be prepared to stay ahead of the...
Read moreThe 2023 Budget Review Date
Every year, the South African government presents its annual budget review on the last Wednesday of February. This review outlines all of the changes in...
Read moreSARB announces the first repo rate change for 2023
On 26 January 2023, the South African Reserve Bank (SARB) announced the first repo rate change for 2023. This affects you in more ways than one as it is...
Read moreWhat you can do to save some tax before year-end
It feels like we’ve only just kicked off 2023 and here we are already starting to talk about tax year-end. The reality is that Tuesday, February 28 is...
Read moreEmployment Tax Incentive (ETI) – What’s it all about?
President Cyril Ramaphosa emphasised the importance of the government’s role in fostering economic growth so that businesses can generate much-needed...
Read moreAssociate Showcase: Introducing Shirley from Pay Solutions
Our Group is home to many industry-leading specialists who operate across several payroll & HR disciplines. We refer to our partners as Associates...
Read moreAdditional Public Holiday Declared for December 2022
Enjoy an additional day of leisure and celebration this December! President Cyril Ramaphosa has declared the 27th of December 2022 a Public Holiday, in lieu...
Read moreSouth African Pockets Take Another Blow as the Interest Rate Is Hiked by a Further 75 Basis Points
On Thursday, 24 November 2022, the South African Reserve Bank increased interest rates by a further 75 basis points, just two months after the last interest...
Read moreSARS Notice: Administrative Penalties for Late Submissions
We trust you’ve had a smooth and successful tax return submission. The tax filing season for individuals or non-provisional taxpayers came to an end...
Read moreProvisional Taxpayers have until 23 January 2023 to file their tax returns
The annual tax filing season for individuals or non-provisional taxpayers officially ended this past Monday, 24 October. Many taxpayers have been hoping...
Read moreManual UI-19 Update: The UIF withdraws their manual UI-19 discontinuance notice
On the 19th of October, we shared an article to inform our readers about the announcement made by the Unemployment Insurance Fund (UIF) earlier this month...
Read moreSARS Notice: e@syFile Employer Version 7.2.9 Now Available
Please take note that SARS e@syFile Employer was updated to version 7.2.9 earlier this month. Please update to the latest version of SARS e@syFile ahead of...
Read moreUIF Notice: Manual UI-19 Discontinued
The Unemployment Insurance Fund (UIF) announced earlier this month that effective 1 October 2022, all Gauteng Labour Centers will no longer accept manual...
Read moreSARS Webinar on Employer Interim Reconciliation Declaration Filing Season
SARS recently sent out a communication to invite employers to a webinar on Employer Interim Reconciliation Declaration Filing Season. SARS is showing its...
Read moreCOIDA Notice: Open Day Meetings To Assist Employers
In case you haven’t seen the notice, the Compensation Fund is holding a couple of Open Day meetings to assist employers with unresolved queries and...
Read moreLuxury Goods Audit: SARS shifts its focus to buyers of luxury goods
SARS has started its investigation into the purchase of luxury goods as a part of the crackdown on individuals suspected of purposefully hiding sources of...
Read moreBreaking News: The Reserve Bank Hikes the Interest Rate by another 75 Basis Points
On 22 September 2022, the South African Reserve Bank increased interest rates by 75 basis points, just two months after the last interest rate increase. The...
Read moreSARS Employer Interim Reconciliation Declaration News
It’s that time of the year already! Employer Interim Reconciliation Declaration (EMP501) submission period, or as some prefer, the Bi-Annual...
Read moreTaxpayer Notice: SARS Admin Penalty on 2022 Personal Income Tax Return
SARS have recently released a communication detailing Admin Penalties being issued to several Non-Provisional Taxpayers on their 2022 Personal Income Tax...
Read moreInterest rates increased by 75 basis points – the biggest hike in almost 20 years
On Thursday, the 21st of July 2022, the repo rate was increased by 75 basis points. The repo rate now stands at 5.5%, while the prime lending rate is firmly...
Read moreSARS CHANGES THE AUTO-ASSESSMENTS PROCESS
SARS has introduced some adjustments to the auto-assessment process this year to make it easier for taxpayers to file their income tax returns. An auto...
Read moreTips for Filing Your Tax Return in 2022
The 2022 Filing Season for Employers came to an end at the end of May and 1 July marked the start of tax filing season for individuals. Most taxpayers will...
Read moreThe “Two Pot” Retirement System: What you need to know and what to be mindful of
Over the last few years, the South African government has prioritised retirement reform. The ultimate goal of retirement reform is to improve financial...
Read moreTax residency and tax emigration from South Africa
Tax emigration is the process of changing your residency status with SARS to be classified as a taxpayer of another jurisdiction. This could avoid paying...
Read moreDates Announced for 2022 Tax Filing Season
According to the South African Revenue Service (SARS), taxpayers will be able to file their tax returns from 1 July 2022. Key deadline dates that taxpayers...
Read moreBREAKING NEWS: SARS wage negotiations dispute and imminent industrial action
On 24 May 2022, SARS released a communication to employers detailing the current dispute regarding the 2022 wage negotiations process. On 13 April 2022, the...
Read moreSouth Africa Sees the Biggest Interest Rate Hike Since 2016
On 19 May 2022, the SA Reserve Bank has raised South Africa’s interest rate by an amount citizens have not seen since 2016! The increase of 50 basis points...
Read moreUpdated SARS Service Charter
The South African Revenue Services (SARS) have recently released an updated Service Charter. The new Service Charter comes into effect from 1 April 2022 and...
Read moreQ&A Update and Feedback: 2022 Payroll Managers Tax Year End Hybrid Seminar
Our Payroll Managers Tax Year End Hybrid Seminar held on the 10th of March 2022 had record attendance and despite this being our first attempt at a “hybrid”...
Read moreSARS NOTICE AMENDMENT: IMPLEMENTATION OF TAX DIRECTIVES ENHANCEMENTS
SARS have released a letter on 25 April 2022 detailing information about changes in respect of Tax Directives that have been implemented. SARS have...
Read moreEmployment Tax Incentive (ETI) changes … curbing abuse of the system!
During the 2022 / 2023 Budget Speech, the Minister of Finance announced an increase in the ETI values which took effect from 1 March 2022. In addition, and...
Read moreNotice to Employers – Changes to PAYE Admin Penalty Dispute Process
SARS have recently released a communication to employers detailing changes to the PAYE Admin Penalty dispute process. These process changes are coming into...
Read moreGET READY TO SUBMIT – THE 2022 EMPLOYER FILING SEASON OPENS ON 1 APRIL
Some important information was released by SARS regarding the 2022 Employer Filing Season. Filing Season 2022 The 2022 Filing Season for employers is open...
Read moreCONFIRMATION OF THE LATEST STATUTORY RATES & EARNINGS LIMITS FOR 2022 / 2023
While Finance Minister, Enoch Godongwana’s first Budget Speech didn’t hold too many surprises, many legislative rates, earnings limits and their...
Read moreSTRIKE TWO FOR 2022: THE SOUTH AFRICAN RESERVE BANK INCREASES THE REPO RATE YET AGAIN
The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to raise the repo rate by another 25 basis points with effect from 24 March...
Read moreCOIDA – RETURN OF EARNINGS UPDATE
Employers are to please take note of the following important information regarding COIDA: Return of Earnings (ROE) minimum assessment and maximum earnings...
Read moreCOIDA – EARNINGS THRESHOLD CHANGES EFFECTIVE 1 MARCH 2022
In a recent announcement, the Compensation Fund has changed the earnings threshold for COID calculations. The maximum earnings amount has increased to R529...
Read moreThe Prescribed Travel Rate per KM increases and the Determined Travel Allowance Rate Table is Updated
The updated information and rates relating to the Prescribed Travel Rate per KM and the latest Determined Travel Allowance Rate Table has been outstanding...
Read moreIt’s tax year-end. Here’s what you should consider doing to save on tax!
Monday 28 February marks the end of yet another tax year. It’s a busy time of year for Payroll and HR Professionals as quite the task lies ahead to...
Read moreThe 2022 Budget Speech in a Nutshell
Finance Minister, Enoch Godongwana delivered his first Budget Speech on Wednesday 23 February 2022. The corporate income tax rate was reduced from 28% to...
Read moreThe 2022 Budget Speech and what most likely will be addressed
The Minister of Finance, Mr Enoch Godongwana, will deliver his inaugural National Budget Speech on Wednesday, 23 February 2022. While it is unusual for the...
Read moreThe National Minimum Wage (NMW) is increasing effective 1 March 2022
Employment and Labour Minister, TW Nxesi, has recently announced that the National Minimum Wage (NMW) for each ordinary hour worked has been increased from...
Read moreWhat to expect from the legislative landscape in 2022
By now we’re pretty sure the December holidays are long forgotten and the mountain of work that awaited your return in January has seen a slight dent. As...
Read moreThe South African Reserve Bank raises the repo rate to 4%. The many impacts to consider.
The South African Reserve Bank (SARB) governor Lesetja Kganyago has announced a 25 basis points increase in the repo rate on Thursday, 27 January 2022. This...
Read moreYou received your year-end bonus but didn’t clear as much as you thought…Here’s why!!
Many employees receive an annual bonus payment as part of their remuneration package, and for most, this bonus is paid in December of each year. So, for...
Read moreCompensation Fund: Estimated Assessments for non-submission of Return of Earnings
If an employer fails to submit a Return of Earnings (ROE), then in accordance with section 83 of the COID Act, the Director General is empowered to finalise...
Read moreHybrid-Model 2022 Annual Payroll Managers Tax Year-End Seminar
Our next Annual Payroll Managers Tax Year-End Seminar is scheduled to take place on 10 March 2022. For the first time ever, we’ll be piloting a hybrid...
Read moreSARS officials are doing “house calls” to verify home office expense claims
Yes…having tea with a SARS official, in your home is not that uncommon as of late. Surprised? Don’t be…as anticipated there has been a massive...
Read moreThe deadline for submission of Tax Returns has been extended…for non-provisional taxpayers only
For those taxpayers who have not submitted their tax returns yet – there is some relief. Non-provisional taxpayers had to submit their returns by the...
Read moreFinal NewsFlash of 2021 – A summary of 2021 in the legislative landscape
Introduction Welcome to the fourth and final edition of our NewsFlash for the year, the content of which we hope will help you keep up to date with the...
Read moreThe South African Reserve Bank has increased the Repo Rate…what are the implications?
The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to raise the Repo Rate by 25 basis points with effect from the 19th of November...
Read moreIMPORTANT NOTICE: IMPLEMENTATION OF TAX DIRECTIVES ENHANCEMENTS
SARS have released a letter on 9 November 2021 detailing information regarding tax directive enhancements that will come into play during 2022. The SARS...
Read moreIt’s the time of year to start considering internships and learnerships.
It’s that time when companies plan if, and what type of schemes, they will implement to attract, upskill and retain future potential. Of course, with every...
Read moreReminder – The Temporary Financial Relief Scheme is now open for applications
For workers who were affected by the unrest in KZN and Gauteng a few months ago, the UIF have provided some relief via the Temporary Financial Relief...
Read moreFile your tax return to avoid penalties
You have until 23 November 2021 to file your tax return, accept, or edit your auto-assessed return. If you feel that SARS owes you a refund on the tax you...
Read moreThe PSIberWORKS User Group (PUG) is officially constituted
We are proud to announce that we have constituted the PUG, short for “PSIberWORKS User Group” and that the PUG is officially recognised by...
Read moreWorried about vaccination side effects? COID may help…
The Department of Labour recently released a communication that addresses how the Compensation Fund will cover employees for illness, injuries, or even...
Read moreOnly a final few days are left to submit your tax certificates – penalties will apply if you miss the deadline!
SARS will be issuing penalties to those employers who miss the submission deadline – which is Sunday 31st October. If you leave the submission to the last...
Read moreDid you miss our 2021 Mid-Year Payroll Taxes and Associated Legislation Virtual Seminar? Here’s a quick summary of what we covered including answers to popular questions raised during the sessions.
Our 2021 Mid-Year Payroll Taxes and Associated Legislation Virtual Seminar had a good online turnout with many questions raised. There were a couple of...
Read moreREMINDER: Bi-Annual Submissions are due to SARS on 31 October 2021 and SARS e@syFile Version 7.18 was released this week.
Employer Interim Reconciliation Declaration (EMP501) submission period, or as some refer to it, the Bi-Annual Submissions period closes on 31 October 2021...
Read moreElection day is just around the corner and it’s been declared a public holiday by President Cyril Ramaphosa.
President Cyril Ramaphosa has, in terms of Section 2A of the Public Holidays Act of 1994, declared Monday, 1 November 2021, the date for local government...
Read moreHave you received or made a donation during the 2020/2021 tax year?
If you have received a donation or have made a donation during the 2020/2021 tax year, there may be tax implications and there are many factors to consider...
Read moreBefore you file your tax return…read this if you had a Company Car or received a Travel Allowance in the 2020/2021 tax year
With the 2020/2021 tax year being a rather unprecedented year for taxpayers with very little business travel taking place as a result of lockdown periods...
Read moreSARS e@syFile: Version 7.16 – How to install this version and some known issues
If you haven’t yet updated to the latest version of SARS e@syFile we would like to recommend that you do so as soon as possible to avoid rejections...
Read moreDo you have multiple sources of income? Keep this in mind when doing your tax return this year.
2020 was an unprecedented and challenging year for many taxpayers and in some cases, many relied on multiple sources of income to stay afloat. There is a...
Read moreIndividual tax filing season closes in exactly two months. Don’t be late and getting it wrong holds consequences!
The filing season for individuals is closing on 23 November 2021. Here are some important pointers to consider and to help you complete a sanity check on...
Read moreRetirement Fund Contributions – All you need to know
Contributions to a retirement fund remain an area that SARS allows as a taxable benefit or deduction against income earned. If an individual contributed to...
Read moreYour 2021 Tax Return and Home Office Expenses – The Do’s and Don’ts
In just over two month’s time, tax filing season for individuals will be closing. This year’s tax return is an interesting and hopeful one for...
Read moreSARS issues further notice regarding penalties
In a recent notice to taxpayers, reference was made to a Fixed Amount Penalty relating specifically to instances of non-compliance due to tax returns that...
Read more2021 Tax Laws Amendment Bills – Payroll Practitioners, here’s some food for thought…
Details of the proposed changes to the Tax Law Amendment Bill and the Tax Administration Law Amendment Bill have recently been released for comment. At...
Read moreSARS releases New Business Requirements Spec (BRS)
SARS have recently finalised and published their updated Business Requirements Specification (BRS) V20 0 2 to be implemented for the August 2021 submission...
Read moreEmergency tax relief measures for employers announced
A recent media statement from the Minister of Finance confirmed and provided detail regarding measures implemented to support the recovery of the economy...
Read moreGovernment relief measures for employees impacted by the recent unrest – now official
The “Destroyed, affected or looted workplaces: Temporary Relief Scheme 2021” was gazetted. Workers who have been affected by the recent unrest in various...
Read moreEXTENSION OF UIF COVID-19 TERS BENEFITS – JULY 2021. Important notice to employers.
The Minister of Employment and Labour has issued a direction to pay another round of COVID-19 TERS benefits. On Friday, 16 July 2021 the Department of...
Read moreUrgent SARS Notice regarding Penalties for late submission of PAYE
Earlier this week (13 July 2021 to be exact) SARS have put out a notice regarding penalties for late submission of PAYE. The full SARS notice is detailed...
Read moreSARS will be LIVE on YouTube discussing how to claim for Home Office Expenses on 8 July 2021
SARS will be implementing some new amendments to taxation laws that should make it simpler for employees working from home to claim tax benefits. To...
Read moreThe 2021 Tax Filing Season for Individuals opens today
The 2021 Filing Season for Employers came to an end at the end of May. Today marks the start of tax filing season for individuals. Most taxpayers will be...
Read moreThe 2021 Individual & Trusts Filing Season will be opening on 1 July 2021
During the week of 7 June 2021, SARS has shared communication and a pamphlet around preparing for the 2021 Filing Season. This communication addresses...
Read moreThe Protection of Personal Information Act has been in the making for a number of years – but it’s now a reality! Here are a few pointers to help get you on track…
By 1 July 2021 you need to be fully compliant with the Protection of Personal Information Act (“POPIA”). This has been on the cards for a number of years...
Read moreThinking of claiming for Home Office Expenses this year? Read this before you do…
Many taxpayers and employers have been waiting for this notice. SARS have just released an updated Interpretation Notice, “IN 28 – Issue 3”...
Read moreJust released by SARS – the UIF contributions limit has changed and is effective from 1 June 2021
Everyone has been waiting for this announcement (original expectations were that it was going to change effective 1 March). Payroll systems need to be...
Read moreDeadline Alert and Audit Notices – The submission of COIDA Returns (i.e. the ROE Form) deadline is 31 May and several employers are receiving audit notices
Why is this year different? The COIDA system automatically triggers an audit if the earnings figures declared are significantly lower than the previous...
Read more2021 Filing Season | Final Reminder from SARS
The deadline for annual employer reconciliations, 31 May 2021, is fast approaching! Employers have until Monday, 31 May 2021 to submit their Annual...
Read moreSARS eFiling – How to update the Registered Representative details
Do you need help with how to update the Registered Representative details on SARS eFiling? The below procedures may be of assistance. Go to www.sars.gov.za...
Read moreSARS eFiling – New Request Tax Types or registering of Taxes Procedure
Are you having issues adding new taxpayers to SARS eFiling? The below procedures may be of assistance. 1. Click on Organisation in the main menu at the top...
Read moreSARS have just released the specifications (i.e. BRS) for the August 2021 Tax Certificates.
This new specification contains a number of changes that your payroll supplier will need to implement before August, so you do need to confirm with them the...
Read moreForeign Based Employees – An Important Reminder
Regulations regarding the taxation of foreign earnings and the new regulations regarding retirement payouts on emigration are now in full swing. Make sure...
Read moreSARS Filing Season – An important notice just in
SARS Employer Filing Season News: Employers are reminded that they must submit their annual and interim EMP501 Reconciliation/s for a specific period...
Read moreCOIDA – Update on recent Gazettes published
1 – On the 1st of April 2021 Gazette no 44409 was issued, which replaces and corrects some aspects of Gazette 43959 which was issued on 3 December...
Read moreBursaries and Scholarships – New regulations regarding the use of a Salary Sacrifice to facilitate a bursary
Tax Law Amendment Bill (TLAB) of 2020 From March 2006 the rules regarding the implementation of a bursary scheme for employees, and relatives of employees...
Read moreReserve Bank – Rate of Interest Update
At a meeting held by the Reserve Bank on the 25th of March, it was decided to keep the current interest rate “as is”. This means: The Prime Rate is – 7.00%...
Read moreImportant information regarding COIDA
Apart from the recent announcement from COIDA regarding the maximum earnings amount being increased to R 506 473 per annum (up from R 484 200 per annum)...
Read moreTips & Tricks for Employer Filing Season 2021
As you probably know by know, Employer Filing Season opens on 1 April 2021 and closes on 31 May 2021. No extensions will be granted and this year SARS has...
Read moreIT’S OFFICIAL – EMPLOYER ANNUAL RECONCILIATION PERIOD: 1 APRIL 2021 TO 31 MAY 2021
Some important information was recently released by SARS regarding the 2021 filing season. This article aims to highlight certain important aspects of the...
Read moreConfirmation of various statutory rates & earnings limits
The purpose of this page is to make it easy to find the latest statutory rates, earnings limits and their effective dates. These rates were accurate at the...
Read moreOUR TAKE ON THE 2021 BUDGET
As expected the 2021 Budget held some surprises but not all of the news was bad. Tax relief is enjoyed in areas and there are a number of unanswered...
Read moreSARS looking to impose legislated late submission penalty
SARS have indicated that they are going to impose the legislated penalty on employers who are late with the submission of their IRP5’s and the EMP501 –...
Read moreEMPLOYERS ARE POTENTIALLY IN FOR A FEW SURPRISES WITH THE UPCOMING 2021 BUDGET SPEECH
Following an unprecedented 2020, the 2021 Budget Speech is likely to have some surprises, particularly around where the funding for the vaccines will come...
Read moreSARS has had challenges with Adobe Flash Player
FLASH PLAYER As you are aware SARS has had challenges with the Flash Player and certain interim steps have already been taken. We have now released a SARS...
Read more2020 Employment Equity reports closing dates
Time running out for the online submission of 2020 Employment Equity reports Employers are reminded that the deadline for the submission of the 2020...
Read moreAdobe Flash is no longer available
Adobe Flash is no longer available as all services and support has been stopped. This will mean that you will not be able to access the RAV01 to update...
Read moreWhy Outsourcing your payroll makes sound business sense
Many business owners would raise an eyebrow at this statement. You can’t possibly consider outsourcing something as critical as your payroll to a...
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