TGS South Africa News

February 26, 2021

The Department of Small Business Development’s Lifelines to Suffocating SMMEs

“It’s been said that government doesn’t create jobs, business does. For the most part, this is true. But government creates the environment in which businesses can […]
February 26, 2021

New National Minimum Wage and Earnings Thresholds From 1 March 2021

(N.B. The increases highlighted below are extracted from the Employment and Labour Minister’s announcement of 9 February 2021, and emphasis has been supplied where helpful in […]
February 26, 2021

Your Tax Deadlines for March 2021

5 March – Monthly PAYE submissions and payments 25 March – VAT manual submissions and payments 30 March – Excise Duty payments 31 March – VAT […]
January 28, 2021

Provisional Income Tax Due 26 February: Do’s and Don’ts for Companies

“The only thing that hurts more than paying an income tax is not having [an income on which] to pay an income tax” (Thomas Dewar) Provisional […]
January 28, 2021

Sales Reps Are the Lifeblood of Your Business – 10 Interview Questions To Ask

“Sales are contingent upon the attitude of the salesman – not the attitude of the prospect” (W. Clement Stone) With the world experiencing its toughest business […]
January 28, 2021

Independent Non-Executive Directors: A Value-Add for Your SME?

Many small and medium-sized enterprises (SMEs) are owned and managed by the founder(s), sometimes with the involvement of family members, and in the early stages of […]
January 28, 2021

How to Find and Secure Tenders for Your Small Business – 5 Expert Tips

“There are no secrets to success. It is the result of preparation, hard work and learning from failure” (Colin Powell) The obvious starting points to securing […]
January 28, 2021

Your Tax Deadlines for February 2021

5 February – Monthly PAYE submissions and payments 25 February – VAT manual submissions and payments 25 February – Excise Duty payments 26 February- Personal Income […]
January 6, 2021

Companies: How to Manage Your Greater Tax Risk in 2021

If you think compliance is expensive – try non-compliance.” (Paul McNulty, former US Deputy Attorney General) The extent of corporate taxes – from income tax, employment […]
January 6, 2021

Five Mistakes to Avoid When Investing Offshore

“An investment in knowledge pays the best interest” (Benjamin Franklin) It can be tempting to look at South Africa and the bad news that seems to […]
January 6, 2021

What Should You Do If a Creditor Tries to Liquidate Your Business?

Due to the recession, there are a rising number of local companies in financial distress and facing threats or applications from creditors to liquidate their businesses. […]
January 6, 2021

The Way Forward: More Virtual Meetings?

“Any sufficiently advanced technology is indistinguishable from magic” (Arthur C. Clarke, English science writer and inventor) Virtual meeting platforms have their pros and cons, but the […]
January 6, 2021

Your Tax Deadlines for January 2021

  7 January – PAYE submissions and payments 25 January – VAT manual submissions and payments 28 January – Excise Duty payments 29 January – VAT […]
November 27, 2020

A Remote Working Danger: Independent Contractor or Employee?

The prevalence of remote working since the start of the national lockdown in March has brought to the fore the need to distinguish between an employee […]
November 27, 2020

Accounting Tips for SMMEs in a Rocketing Tax Future

“The avoidance of taxes is the only intellectual pursuit that carries any reward”: John Maynard Keynes While there are diverse reasons why SMMEs ultimately fail, financial […]
November 27, 2020

6 Tips for Getting the Most from Your Tax-Free Savings Account

“He said that there was death and taxes, and taxes was worse, because at least death didn’t happen to you every year.” (Terry Pratchett, Reaper Man) […]
November 27, 2020

Employees Working Abroad: How to Avoid Double Tax

“Every advantage has its tax.” (Ralph Waldo Emerson) The purpose of the foreign remuneration exemption, which was introduced in 2000, is to provide relief from any […]
November 27, 2020

Your Tax Deadlines for December 2020

7 December – Monthly PAYE submissions and payments 24 December – VAT manual submissions and payments 30 December – Excise Duty payments 31 December – VAT […]
October 29, 2020

Leaving a Legacy: Ensure Your Business Survival with a Succession Plan

“A leader’s lasting value is measured by succession.” (John C. Maxwell)  Succession planning is preparing for the future of your business, ensuring the people and resources […]
October 29, 2020

Six Tips for More Effective Online Meetings

“Meetings should be like salt – a spice sprinkled carefully to enhance a dish, not poured recklessly over every forkful. Too much salt destroys a dish. […]