TGS South Africa News

May 27, 2022

Estate Planning: Act Now to Protect Your Family and Business After You Are Gone

“The golden rule of all estate planning is: don’t wait.” (Missionwealth.com) Just 20% of South Africans have a valid will (“Last Will and Testament”), resulting in […]
May 27, 2022

How to Prepare for and Manage a Business Crisis

“When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.” (John F. Kennedy, 35th U.S. President) When […]
May 27, 2022

Five Financial Reports for Informed Decision-Making

“What gets measured, gets managed.” (Peter Drucker) Financial reports, such as a balance sheet, income statement, cash flow statement, debtors reports and actual spend vs budget […]
May 26, 2022

Tax Freedom Day 2022: The Day We Stopped Working for Government

“Taxpayer: One who doesn’t have to pass a civil service exam to work for the government” (Anonymous) “Tax Freedom Day” is the first day of the […]
May 26, 2022

Your Tax Deadlines for June 2022

7 June – Monthly Pay-As-You-Earn (PAYE) submissions and payments 24 June – Value-Added Tax (VAT) manual submissions and payments 29 June – Excise Duty payments 30 […]
April 26, 2022

The Simple Solution to Hassle-Free EMP501 Final Recons

“The employer in collaborating with SARS plays a critical coalition towards adherence and compliance of tax principles and laws.” (SARS External Guide – A Guide to […]
April 26, 2022

The 7 Signs It’s Time to Move Your Business Out of The Garage

“One doesn’t discover new lands without consenting to lose sight, for a very long time, of the shore.” (Andre Gide) All of the largest businesses in […]
April 26, 2022

Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You?

“What the government gives it must first take away.” (John S. Coleman) It certainly seemed like a win for taxpayers when Finance Minister Enoch Godongwana announced […]
April 26, 2022

Your Tax Deadlines for May 2022

06 May Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 May Value-Added Tax (VAT) manual submissions and payments 30 May Excise Duty payments 31 May Value-Added Tax (VAT) electronic […]
March 29, 2022

What The New Employment Tax Incentive Limits Mean for Your Business

“Since the unemployment rate in the Republic is of concern to Government; and since Government recognises the need to share the costs of expanding job opportunities […]
March 29, 2022

When, Why and Whose Jobs You Should Be Outsourcing

“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.” (Lee Kuan Yew, Former Prime Minister of Singapore) Launching […]
March 29, 2022

Planning to Cease Being a South African Tax Resident? What You Should Know Before Approaching SARS

“Dear IRS, I am writing to you to cancel my subscription. Please remove my name from your mailing list.” (Snoopy) According to some estimates, as many […]
March 29, 2022

A Guide to Accessing Funds That Can Help Your Small Business

“All company bosses want a policy on corporate social responsibility. The positive effect is hard to quantify, but the negative consequences of a disaster are enormous” […]
March 29, 2022

Your Tax Deadlines for April 2022

1 April Start of the 2022/23 Financial Year 7 April Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 April Value-Added Tax (VAT) manual submissions and payments 28 April […]
February 25, 2022

Budget 2022: Your Share of Billions in Tax Relief and Business Support

“Now is not the time to increase taxes and put the recovery at risk! Accordingly, we have decided to keep money in the pockets of South […]
February 24, 2022

Budget 2022: Your Tax Tables and Tax Calculator

How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here to find out. Have a look at the […]
February 24, 2022

SARS Makes SMME Tax Compliance Easier

“Tax complexity itself is a kind of tax” (Max Baucus) NOTE: Bear in mind that although many of the resources mentioned below are addressed by SARS […]
February 24, 2022

Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners

“Every advantage has its tax.” (Ralph Waldo Emerson) An unfortunate reality for many non-provisional taxpayers with multiple income streams is a large and unexpected tax liability […]
February 24, 2022

Your Tax Deadlines for March 2022

7 March Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 March Value-Added Tax (VAT) manual submissions and payments 30 March Excise Duty payments 31 March End of the […]
January 27, 2022

Financial Year End Reporting: Challenges to Manage, Opportunities for Benefit

“Any remedy is going to depend on having financial statements that are reliable” (Tom Foley) On the last day of February each year, many companies face […]
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