Tax tips for SMEs

In a 2019 report by Small Business Institute,  Chairman, Bernard Swanepoel, he says, ‘98.5% of South Africa’s economy is made up of small businesses (SMEs).’ SMEs may be creative, hardworking and have a great product or service to sell, but they do not always have the...

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Tax Disputes – sticking to timelines

It’s a case of ‘taxpayers beware’ when it comes to adhering to the very strict timelines promulgated under the Tax Administration Act (TAA). Even if the aggrieved taxpayers’ dispute is valid, they can be stripped of the opportunity to challenge the decision. When a...

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SARS dips into taxpayers bank accounts

On a daily basis, SARS is issuing garnishee orders against taxpayers bank accounts,  to their employers even their customers without issuing a summons, judgement or notification, regardless of whether their assessment is correct or not. The problem is that as their...

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Section 164 – Pay now, argue later principle.

Watch Schalk Pieterse, Tax Attorney Director at Strömbeck Pieterse Attorneys, share what actions you can take when SARS issues an assessment on you or your client which is incorrect or baseless. Yet they insist you pay first.  As the tax practitioner, you know...

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The V-word in The Medium-Term Budget Policy Statement

The V-word in The Medium-Term Budget Policy Statement The amount that the increase in VAT announced on 21 April 2018 was expected to add to state coffers was R23 billion. However, the accumulated backlog of VAT refunds amounts to R20 billion.  So the revenue which the...

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