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
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
Not many people would be comfortable talking about tax. In fact, most would be more comfortable talking about death than tax issues. I was talking to someone today and he says to me, “Just hearing about SARS/tax, receiving a text message or email from SARS sends shock waves through my whole body!” I doubt he
By now most of us would have heard and got talking about this court case, whose judgement was handed down on the 17th of April 2019. The case is between A Company v The Commissioner For The South African Revenue Service. Some of the important facts of the case where as follows: The taxpayer carries
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?
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