SARS and you? For the purposes of this article, “marriage” refers to any relationship. In this article, we focus on your relationship with SARS. For all marriages to succeed there are several factors that must present in order for it to work or last a long time. Here are a few: Commitment Communication A relationship […]
Ten Financial Records for VAT Audits These are the ten items that SARS will investigate if your business: Your return totals will be checked against your general ledger and summary Your VAT control account will be reviewed to test your accounting system for errors SARS (South Africa Revenue Service) will check if interest and penalties […]
What is SDL? SDL is a levy imposed to encourage learning and development in South Africa and is determined by an employer’s salary bill. These funds are to be used to develop and improve skills of employees. Who must pay SDL? SDL is due by employers who have been registered. You can register once for all different […]
SARS? Noooooooo! If you say tax or SARS to anyone, they will shudder in fear which, in a lot of cases is unfounded. There are various reasons for this fear: Because they have not submitted tax returns in years, The believe that SARS (South African Revenue Services) is out to take all their money, Their […]
Accounting and tax services are considered by many to be an expensive and unnecessary cost. Although this may seem so, it certainly is not the case. Accounting The accounting side of the business is almost as important as any other part. Why? Consider the invoices that you send out. These are part of the accounting […]
What are fixed assets? Fixed assets are also called non current assets. These are items in your business that will generate income for a period longer than one year. They are all the “big things” in your company that you use to make or sell your service or products. Examples of fixed assets. These can […]
03 Jan In Accounting
Tax
Nothing constitutes urgent
In a society that is instant we have everything at our finger tips. This can be amazing because you know you can sort it out quickly. There are, however, some parts of life and business that don’t contain emergency situations. Accounting, tax and payroll are a good example. There may be some situations that may […]
There are 3 source codes on your tqx return (ITR12) that relate to medical payments made by you and or your medical aid. Some background first. This assumes that you are a member of a medical aid and have claimed from that medical aid as well as paid some extra. You will need your medical […]
Its that time of the year when businesses slow down and or stop. This period is often used as a time to reflect on the year that was. One way to analyse your year is to sort out what went wrong. This is often the main amd often only focal point when looking back. This […]
As the year comes to a close, many businesses are winding down ready for their annual shut down. At this time of year, many look back and reflect on what was and what could have been but most importantly what needs to be changed in the next year. Many business owner do this reflection at […]
Page 1 of 15