How to Breeze Through a SARS Audit
You can expect more frequent and tougher audits as SARS continues to step up its enforcement and collection efforts.
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Five Things You Need to do After the CIPC Hack
On the 1st of March 2024, South Africa’s official regulatory body for registering companies, co-operatives, and intellectual property rights (including trademarks, patents, designs and copyrights), the CIPC, put a notice on its website about a hacking incident on Thursday, the 29th of February 2024….
Budget 2024: How It Affects You and Your Business
Budget 2024: How It Affects You and Your Business
Provisional Tax: Are You Ready for the Crucial 29 February Deadline?
Especially for taxpayers required to make provisional tax payments on income as both individuals and as owners of companies, it may seem that a provisional or final income tax deadline lurks around every corner, with the next and crucial second payment deadline for most…
How to Achieve Tax Compliance Throughout 2024
Tax compliance is accepted as an indicator of how well the affairs of a business or individual are managed and their good standing in terms of their legal obligations. It also saves a great deal of time and money. Achieving and maintaining tax compliance…
Ongoing High Interest Rates in 2024: How to Survive
Ongoing high interest rates in 2024 can affect almost every aspect of your business, from sales to expenses. The South African Reserve Bank recently held interest rates for the third time in a row, keeping the repo rate at 8.25%, with the prime lending…
Remember Your Tax Deadlines for December 2023
Check the important tax deadlines for December 2023. Stay updated with the latest SARS information at V Professional Services. Contact us for any assistance on medical bureau or practice management services at 012 348 3567 / marketing@vprof.co.za.
Festive Season Gifts for Employees? Here’s How SARS Will Tax Them
Giving your employees gifts this Festive Season? Then be sure to check with your accountant first! This is because any kind of gift that an employee receives from an employer will be taxable in the hands of the employee, and in some cases, could…
SARS Admin Penalties: What Taxpayers Can Do
SARS has imposed administrative non-compliance penalties on hundreds of thousands of taxpayers this year, following recent changes to the admin penalty rules. Once-off and especially recurring penalties quickly add up to a significant tax debt, and also lead to a non-compliant tax status and…
Is Your Information Safe With SARS?
The confidentiality of taxpayers’ information has recently come under the spotlight in South Africa. This was first sparked by a public statement from SARS earlier this year on the tax compliance status of President Cyril Ramaphosa and two related entities.