Owing SARS; Compromise or debt repayment plan?

Taxpayers are required to be fully compliant in all their tax matters by submitting and paying their taxes on time. If taxpayers are not compliant or have outstanding tax debt the SARS Debt Management department is committed to assisting businesses and individuals to become fully compliant. There are a few avenues that SARS uses to

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This is why every business should do a cash flow forecast

You have heard many say, “cash is king” or “cash is the lifeblood of every business. This is true. I cannot imagine a cashless business surviving. In the accounting world, and financial recording is done on an accrual basis. This means that day-to-day transactions are not necessarily recorded on a cash basis or as you would

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Xero’s new invoicing; what are the changes?

About a month ago, Xero introduced their new invoicing template. Having used it in the past week or two, I would like to take a closer look at this new template. The aim is to provide feedback on it and why I think it is a cool feature. What did the old template look like?

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Home office: The tax implications

The world is changing and so is the way people work and interact. Many people, like myself, prefer working from home. The office can be viewed as less productive for the following reasons: Flexible hours mean that some team members may arrive an hour or so after the first person that arrives at work. When

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