POSTPONEMENT OF THE SARS VISION 2024 PROJECT

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...

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POSTPONEMENT OF THE EFFECTIVE DATE OF THE TWO-POT RETIREMENT SYSTEM

POSTPONEMENT 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...

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SARS INTRODUCES THEIR NEW eFILING LANDING PAGE

SARS 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...

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COIDA CONFIRMATION OF LIFE FOR ALL FOREIGN PENSIONERS AND BENEFICIARIES

COIDA 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...

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SARS’ Fully Automated Assessments Raise a Few Eyebrows

SARS’ 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...

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SARS UPDATE: CHANGES TO TAX DIRECTIVES

SARS 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...

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SARS EMPLOYER INTERIM RECONCILIATION DECLARATION: 18 SEPTEMBER TO 31 OCTOBER

SARS 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...

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SARS NOTICE: IMPLEMENTATION OF TAX DIRECTIVES

SARS 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...

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Proposed Tax Law Changes Cast Uncertainty Over Remote Work Landscape in South Africa

Proposed 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...

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SARS NOTICE: POSSIBLE TAXPAYER HANDOVER TO EXTERNAL DEBT COLLECTORS

SARS 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...

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Tax Practitioners: The Critical Importance of Compliance and Professional Standards

Tax 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...

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SARS Notice: Treatment of Defaulted Third-Party (AA88) Notices

SARS 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...

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FREQUENTLY ASKED QUESTIONS ABOUT THE INDIVIDUAL TAX FILING SEASON

FREQUENTLY 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...

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Enhanced Compliance Measures for Trust Tax Filing Season Pose Challenges

Enhanced 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...

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Important Updates for Tax Season 2023: Filing Dates and Auto Assessments

Important 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...

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2023 Income Tax Returns: Submission Requirements and Deadlines Outlined in Government Gazette

2023 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...

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Personal Income Tax: 2023 Filing Season Updates

Personal 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...

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SARS Update: Filing Season For Trusts

SARS 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...

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SARS Notice: PAYE Administrative Penalties

SARS 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...

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Navigating Tax Emigration: What South Africans Need to Know Before Leaving SA

Navigating 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...

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COIDA ROE Deadline Extension

COIDA 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...

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South Africans are forced to tighten their belts even further with the newest interest rate hike

South 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...

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SARS Notice: Implementation of New Stringent VAT Registration Process

SARS 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...

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Employment Equity Amendment Act: Understanding the Implications and Key Changes for Employers

Employment 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...

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ASSOCIATE SHOWCASE: INTRODUCING LESLIE FROM CONTRASERV

ASSOCIATE 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...

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SARS tightens the grip on remote workers and foreign employers

SARS 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...

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Second Interest Rate Hike for 2023 – South African Reserve Bank Announces 50 basis point increase

Second 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...

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SARS Introduces a USSD Service – A New Way to Manage Your Tax Affairs

SARS 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...

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Associate Showcase: Introducing Anton from Krycom

Associate 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...

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Landlords Beware: Failure to Declare Rental Income Can Land You In Hot Water with SARS

Landlords 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...

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Why You Should Consider Outsourcing Your Payroll in 2023

Why 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...

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Notice: Rescheduled SARS eFiling Backend Upgrade

Notice: 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...

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The 2023 Budget Speech In A Nutshell (UPDATED)

The 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...

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The Department of Labour Increases COIDA Thresholds

The 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...

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A Recap of The 2023 State Of The Nation Address

A 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...

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UPDATED: UPGRADE OF THE SARS EFILING TECHNICAL PLATFORM

UPDATED: 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...

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Payroll Trends to Keep an Eye on in 2023

Payroll 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...

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The 2023 Budget Review Date

The 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...

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SARB announces the first repo rate change for 2023

SARB 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...

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What you can do to save some tax before year-end

What 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...

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Employment Tax Incentive (ETI) – What’s it all about?

Employment 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...

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Associate Showcase: Introducing Shirley from Pay Solutions

Associate 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...

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Additional Public Holiday Declared for December 2022

Additional 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...

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South African Pockets Take Another Blow as the Interest Rate Is Hiked by a Further 75 Basis Points

South 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...

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SARS Notice: Administrative Penalties for Late Submissions

SARS 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...

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Provisional Taxpayers have until 23 January 2023 to file their tax returns

Provisional 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...

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Manual UI-19 Update: The UIF withdraws their manual UI-19 discontinuance notice

Manual 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...

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SARS Notice: e@syFile Employer Version 7.2.9 Now Available

SARS 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...

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UIF Notice: Manual UI-19 Discontinued

UIF 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...

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SARS Webinar on Employer Interim Reconciliation Declaration Filing Season

SARS 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...

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COIDA Notice: Open Day Meetings To Assist Employers

COIDA 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...

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Luxury Goods Audit: SARS shifts its focus to buyers of luxury goods

Luxury 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...

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Breaking News: The Reserve Bank Hikes the Interest Rate by another 75 Basis Points

Breaking 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...

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SARS Employer Interim Reconciliation Declaration News

SARS 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...

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Taxpayer Notice: SARS Admin Penalty on 2022 Personal Income Tax Return

Taxpayer 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...

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Interest rates increased by 75 basis points – the biggest hike in almost 20 years

Interest 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...

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SARS CHANGES THE AUTO-ASSESSMENTS PROCESS

SARS 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...

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Tips for Filing Your Tax Return in 2022

Tips 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...

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The “Two Pot” Retirement System: What you need to know and what to be mindful of

The “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...

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Tax residency and tax emigration from South Africa

Tax 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...

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Dates Announced for 2022 Tax Filing Season

Dates 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...

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BREAKING NEWS: SARS wage negotiations dispute and imminent industrial action

BREAKING 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...

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South Africa Sees the Biggest Interest Rate Hike Since 2016

South 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...

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Updated SARS Service Charter

Updated 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...

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Q&A Update and Feedback: 2022 Payroll Managers Tax Year End Hybrid Seminar

Q&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”...

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SARS NOTICE AMENDMENT: IMPLEMENTATION OF TAX DIRECTIVES ENHANCEMENTS

SARS 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...

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Employment Tax Incentive (ETI) changes … curbing abuse of the system!

Employment 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...

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Notice to Employers – Changes to PAYE Admin Penalty Dispute Process

Notice 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...

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GET READY TO SUBMIT – THE 2022 EMPLOYER FILING SEASON OPENS ON 1 APRIL

GET 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...

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CONFIRMATION OF THE LATEST STATUTORY RATES & EARNINGS LIMITS FOR 2022 / 2023

CONFIRMATION 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...

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STRIKE TWO FOR 2022: THE SOUTH AFRICAN RESERVE BANK INCREASES THE REPO RATE YET AGAIN

STRIKE 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...

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COIDA – RETURN OF EARNINGS UPDATE

COIDA – 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...

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COIDA – EARNINGS THRESHOLD CHANGES EFFECTIVE 1 MARCH 2022

COIDA – 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...

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The Prescribed Travel Rate per KM increases and the Determined Travel Allowance Rate Table is Updated

The 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...

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It’s tax year-end. Here’s what you should consider doing to save on tax!

It’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...

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The 2022 Budget Speech in a Nutshell

The 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...

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The 2022 Budget Speech and what most likely will be addressed

The 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...

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The National Minimum Wage (NMW) is increasing effective 1 March 2022

The 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...

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What to expect from the legislative landscape in 2022

What 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...

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The South African Reserve Bank raises the repo rate to 4%. The many impacts to consider.

The 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...

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You received your year-end bonus but didn’t clear as much as you thought…Here’s why!!

You 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...

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Compensation Fund: Estimated Assessments for non-submission of Return of Earnings

Compensation 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...

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Hybrid-Model 2022 Annual Payroll Managers Tax Year-End Seminar

Hybrid-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...

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SARS officials are doing “house calls” to verify home office expense claims

SARS 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...

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The deadline for submission of Tax Returns has been extended…for non-provisional taxpayers only

The 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...

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Final NewsFlash of 2021 – A summary of 2021 in the legislative landscape

Final 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...

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The South African Reserve Bank has increased the Repo Rate…what are the implications?

The 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...

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IMPORTANT NOTICE: IMPLEMENTATION OF TAX DIRECTIVES ENHANCEMENTS

IMPORTANT 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...

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It’s the time of year to start considering internships and learnerships.

It’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...

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Reminder – The Temporary Financial Relief Scheme is now open for applications

Reminder – 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...

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File your tax return to avoid penalties

File 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...

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The PSIberWORKS User Group (PUG) is officially constituted

The 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...

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Worried about vaccination side effects? COID may help…

Worried 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...

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Only a final few days are left to submit your tax certificates – penalties will apply if you miss the deadline!

Only 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...

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Did 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.

Did 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...

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REMINDER: Bi-Annual Submissions are due to SARS on 31 October 2021 and SARS e@syFile Version 7.18 was released this week.

REMINDER: 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...

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Election day is just around the corner and it’s been declared a public holiday by President Cyril Ramaphosa.

Election 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...

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Have you received or made a donation during the 2020/2021 tax year?

Have 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...

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Before you file your tax return…read this if you had a Company Car or received a Travel Allowance in the 2020/2021 tax year

Before 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...

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SARS e@syFile: Version 7.16 – How to install this version and some known issues

SARS 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...

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Do you have multiple sources of income? Keep this in mind when doing your tax return this year.

Do 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...

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Individual tax filing season closes in exactly two months. Don’t be late and getting it wrong holds consequences!

Individual 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...

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Retirement Fund Contributions – All you need to know

Retirement 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...

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Your 2021 Tax Return and Home Office Expenses – The Do’s and Don’ts

Your 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...

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SARS issues further notice regarding penalties

SARS 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...

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2021 Tax Laws Amendment Bills – Payroll Practitioners, here’s some food for thought…

2021 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...

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SARS releases New Business Requirements Spec (BRS)

SARS 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...

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Emergency tax relief measures for employers announced

Emergency 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...

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Government relief measures for employees impacted by the recent unrest – now official

Government 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...

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EXTENSION OF UIF COVID-19 TERS BENEFITS – JULY 2021. Important notice to employers.

EXTENSION 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...

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Urgent SARS Notice regarding Penalties for late submission of PAYE

Urgent 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...

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SARS will be LIVE on YouTube discussing how to claim for Home Office Expenses on 8 July 2021

SARS 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...

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The 2021 Tax Filing Season for Individuals opens today

The 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...

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The 2021 Individual & Trusts Filing Season will be opening on 1 July 2021

The 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...

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The 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…

The 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...

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Thinking of claiming for Home Office Expenses this year? Read this before you do…

Thinking 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”...

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Just released by SARS – the UIF contributions limit has changed and is effective from 1 June 2021

Just 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...

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Deadline 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

Deadline 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...

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2021 Filing Season | Final Reminder from SARS

2021 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...

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SARS eFiling – How to update the Registered Representative details

SARS 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...

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SARS eFiling – New Request Tax Types or registering of Taxes Procedure

SARS 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...

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SARS have just released the specifications (i.e. BRS) for the August 2021 Tax Certificates.

SARS 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...

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Foreign Based Employees – An Important Reminder

Foreign 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...

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SARS Filing Season – An important notice just in

SARS 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...

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COIDA – Update on recent Gazettes published

COIDA – 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...

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Bursaries and Scholarships – New regulations regarding the use of a Salary Sacrifice to facilitate a bursary

Bursaries 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...

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Reserve Bank – Rate of Interest Update

Reserve 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%...

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Important information regarding COIDA

Important 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)...

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Tips & Tricks for Employer Filing Season 2021

Tips & 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...

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IT’S OFFICIAL – EMPLOYER ANNUAL RECONCILIATION PERIOD: 1 APRIL 2021 TO 31 MAY 2021

IT’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...

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Confirmation of various statutory rates & earnings limits

Confirmation 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...

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OUR TAKE ON THE 2021 BUDGET

OUR 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...

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SARS looking to impose legislated late submission penalty

SARS 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 –...

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EMPLOYERS ARE POTENTIALLY IN FOR A FEW SURPRISES WITH THE UPCOMING 2021 BUDGET SPEECH

EMPLOYERS 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...

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SARS has had challenges with Adobe Flash Player

SARS 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...

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2020 Employment Equity reports closing dates

2020 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...

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Adobe Flash is no longer available

Adobe 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...

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Why Outsourcing your payroll makes sound business sense

Why 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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