“Who loves paying VAT?”
Sadly, more often than not, no one puts their hand up. Everyone pays VAT in one form or another. It affects everybody, no matter who you are, read more about this here.
That said, here … Read the rest
Accounting is the most vital aspect of any business because it ensures that financial decisions made are based on a sound base. However, many people either do not understand accounting or just do not want to do … Read the rest
Most South Africans’ budgets are getting tighter by the minute with rising travel costs, including fuel prices, fuel levies, e-tolls and the possible implementation of carbon taxes, receiving a SARS refund of these expenses is always welcome!
An unfounded fear is often exactly that, UNFOUNDED. In business, as in life, it is always better to get all the facts before acting. This is especially true when it comes to the “dreaded tax man”
Most … Read the rest
I don’t know many people that enjoy submitting their tax return. Having said that, I know many people who like the results of their labour. There are 3 types of results when it comes to tax returns. 1. You must … Read the rest
A VAT audit is not something that a company wants but is a reality. There is nothing to be scared about really, provided that you have everything accurate, complete and ready to be handed in. … Read the rest
The taxman has historically had a bad name. In fact, tax collectors were considered the scum and the “lowest of the low”.
Based on that premise, in South Africa, the South African revenue service (SARS), had inherited that name. You … Read the rest
With medical expenses having a reputation of adding up very quickly, they can be onerous. There is relief though. This comes in the form of medical deductions from SARS and although you will not … Read the rest
Payroll is critical part of a business. It involves the process of paying salaries and the payments that involved with them. IF not done – no one gets paid and the deductions are not paid to SARS.
BC Accounting services takes no responsibility for the accuracy of any information on this website.
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