Payroll is more than just paying salaries. In South Africa, it’s about making sure your business complies with tax and labour laws. Whether you’re a small business or a large corporation, payroll compliance is non-negotiable. Done right, it protects your…
For many businesses, the line between “me” and “my business” can blur—especially in the early days. But maintaining a bright, auditable line between personal and business finances is not just tidy bookkeeping; it’s essential protection for your cash flow, your…
As a South African business owner, compliance with various annual statutory returns is not just important, it is legally required. However, many entrepreneurs and company directors often confuse the different types of annual submissions that need to be made. This…
As the 2026 financial year progresses, businesses must prepare for critical tax submissions. One such important deadline is the first IRP 6 submission, also known as the first provisional tax submission, which is due on 31 August 2025 for companies…
Independent Contractors vs Employees: Why It Matters for Your Payroll and SARS In South Africa, many business owners use both employees and independent contractors to get things done but not everyone realises how important it is to correctly classify them.…
SARS is successful in closing the doors for loopholes in the tax act. Employees only have a few expenses that can be deducted from your taxable income. The fact that the tax brackets for individuals was not increased in the…
A SARS audit is a review of your business’s financial records and tax submissions to ensure compliance with South African tax laws. SARS may initiate an audit if they detect discrepancies, such as repeated VAT refund claims or mismatched figures…
Running a business is no small feat. Whether you’re a startup or a seasoned enterprise, the road to success is often paved with unexpected challenges and unforeseen circumstances. From market fluctuations to sudden equipment failures, your business will inevitably face…
An income tax return outlines the income earned by the company, the expenses incurred, and the taxes due. The purpose of filing a return is to calculate the business’s tax liability (or refund) based on the profits it has made…
Understanding the New Customs RLA Registration Processes at SARS The South African Revenue Service (SARS) has implemented new processes for the registration of Registered Licensees and Agents (RLA) to enhance efficiency and compliance within customs operations. This initiative is part…