Provisional Tax Demystified

August and February are provisional tax months and everywhere we go we are bombarded with SARS advertising campaigns reminding you to submit your provisional tax return on time. These campaigns run by SARS are usually a very effective reminder for the majority of taxpayers to keep our taxes up to date. Then there are those[…]

Introducing the SARS IT14SD form

SARS introduced a new supplementary declaration – known as an IT14SD – in which the taxpayer is expected to reconcile its annual financial statements and tax return to other documentation previously filed with SARS with regards to, among others, VAT and Employees tax (PAYE). This may sound simple, but this is not an easy request for such a complex reconciliation.

how to pay less tax

Special Tax Breaks Available To Hotels, Guesthouses And B&B’s

Do you own, or have you ever thought of opening a guesthouse or bed and breakfast? The following special allowances might just give you the nudge you need. As a “Hotel Keeper” as defined in the Income Tax Act, you may claim a special allowance against your taxable income.

EMP501 Reconciliation 2013

2013 Annual PAYE Reconciliation – Are you ready?

SARS has announced the opening of the 2013 Annual PAYE reconciliation filing season – All submissions to be made from 01 April – 31 May 2013. What does this process entail? All South African employers are required to reconcile and submit PAYE, UIF and SDL contributions for the period 01 March 2012 to 28 February[…]