“When taxpayers are aggrieved by an assessment or a decision that is subject to objection and appeal, they have a right to dispute it.” (SARS)
As a taxpayer in South Africa, you have the right to dispute tax assessments, if you have valid reason to disagree with SARS on the interpretation of either the relevant facts involved, or the laws that apply to the facts, or both.
“He who buys what he does not need, steals from himself.” (Swedish Proverb)
Many think of corporate travel expenses as being a non-negotiable, and expensive part of doing business. The thing is, it is possible to cut back on travel expenses without cutting out the necessary requirements and little luxuries. Here are our four top tips for saving money on your corporate travel account.
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- 07 March - PAYE submissions and payments
- 25 March – VAT manual submissions and payments
- 28 March – Excise duty payments
- 31 March – End of the 2023/24 Financial year, VAT electronic submissions and payments, & CIT Provisional Tax payments where applicable.
“I do not gather things, I prefer to rent them rather than to possess them.” (Jerzy Kosinski, Polish-American writer)
Deciding whether to buy or lease equipment can sometimes seem like an impossible choice. There are so many factors at play that it can feel like whatever you do will be wrong. We’ve put together a short list of five things to consider that should make the process a little easier.
“Death, taxes, and childbirth! There’s never any convenient time for any of them.” (Margaret Mitchell)
What is provisional tax?
Provisional tax allows corporate and individual provisional taxpayers to pay their annual income tax in advance by making two or three payments during a tax year.
“As an entrepreneur, one of the biggest challenges you will face will be building your brand. The ultimate goal is to set your company and your brand apart from the crowd.” (Ryan Holmes, Founder and CEO of Hootsuite)
Trying to get a business off the ground is challenging. Every step of the process requires a mountain of time and investment.
“It sounds extraordinary, but it's a fact that balance sheets can make fascinating reading.” (Mary Archer)
A balance sheet reveals a company’s “book value” by showing what assets it owns, what liabilities it owes, and the equity or net worth attributable to its owners, at a specific point in time.
- 07 February – Monthly PAYE submissions and payments
- 25 February – Value Added Tax (VAT) manual submissions and payments
- 27 February – Excise duty payments
- 28 February – VAT electronic submissions and payments, Corporate Income Tax (CIT) Provisional Tax payments where applicable, and Personal Income Tax (PIT) Provisional Tax payments.
