TGS South Africa News

January 8, 2019

Your Tax Deadlines for January 2019

Provisional taxpayers who use eFiling need to submit their 2017/8 Income Tax Return on or before 31 January 2019. You will have noticed that being registered […]
November 29, 2018

Let’s Be Realistic and Positive in 2019

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails” (William Arthur Ward) As we wind down from a […]
November 29, 2018

Taxpayers Note: How To Upload Supporting Documents Using eFiling

SARS have instructed that taxpayers on eFiling need to submit supporting documentation as follows: Files should be no more than 5mb each. You can upload up […]
November 29, 2018

The Medium Term Budget Speech and the Rating Agencies – Danger in December

The new Minister of Finance didn’t have much time to prepare for the Medium Term Budget Speech (MTBS) but he carried it off well. The MTBS […]
November 29, 2018

Changes Are Coming to The Companies Act – Be Ready for Them

Cabinet has approved the most wide ranging amendments to the Companies Act (the Act) since its launch in 2011. Some of the important issues are briefly […]
November 29, 2018

Is SARS Attacking Your Medical Tax Credit?

Taxpayers and tax practitioners have in recent months been surprised to find their medical claim tax credits queried by SARS. Up to this year the processing […]
October 31, 2018

When Hubris Grows, Can a Market Crash Be Far Behind?

“Hubris … extreme or foolish pride or dangerous overconfidence” (Wikipedia)   There is so much information going around that it is almost impossible to see through […]
October 31, 2018

Lack of a Medical Certificate Not Enough When Dismissing an Employee

Recently the Labour Court ruled in favour of an employee who was dismissed for failing to produce a required medical certificate. The employee had a history […]
October 31, 2018

Cloud Based Accounting: Ideal For Your Small Business?

One of the advantages of the technological revolution is that advances move swiftly down the cost curve. Accounting software for small and medium-sized enterprises (SMEs) has […]
October 31, 2018

Is Your Problem With SARS A Systemic Issue? If So, Speak To the Tax Ombud

Many taxpayers are experiencing frustrations in their dealings with SARS. The Tax Ombud is there to assist taxpayers if they have experienced: Procedural difficulties Service issues […]
October 31, 2018

Beware the New Corporate Income Tax Penalties! And Your Tax Deadlines For November

There are only run-of-the-mill tax deadlines for November but companies need to take note of a new warning from SARS that it will be imposing administrative […]
September 28, 2018

Get the Most Out of Your Audit While Saving Cost

With careful planning and good implementation, you can help your auditors give you not only a cost-effective audit but one that gives you more assurance that […]
September 28, 2018

Importing From Amazon: You Could Be Forced to Register as an Importer

“Forewarned is forearmed” (Wise old proverb)   Picture this: Gavin brings in books and DVDs from Amazon (to take just one example – this applies to […]
September 28, 2018

Directors Beware! You Could Be Held Personally Liable For Data Breaches

Hacking into computers has become common place. In the United States it grew by 45% in 2017. Yahoo, one of America’s largest Internet search engines, was […]
September 28, 2018

Surviving a Business Crisis: Consider Your Turnaround Options

“Turnarounds seldom turn” (Warren Buffett)   In the life cycle of any business, it will almost inevitably experience a crisis. This is always a very difficult […]
September 28, 2018

Will the 21st Century Really Be Africa’s Time to Flourish?

“We really need to have a third wave, and it needs to happen in sub-Saharan Africa” (Bill Gates)   Two factors often cited as to why […]
September 28, 2018

Your Tax Deadlines for October

The due date for non-provisional taxpayers who submit their income tax via eFiling or electronically at a SARS branch is 31 October. Time is running out […]
August 31, 2018

Do You Need Business Interruption Insurance?

Catastrophes like floods and fires do occur and there is insurance to cater for these types of events. There are two different types of insurance cover […]
August 31, 2018

Beware: Employee Misrepresentation on CVs is Getting Worse

Not surprisingly, considering what we hear every day in the news, employers are finding that candidate employees are more and more embellishing and misrepresenting aspects of […]
August 31, 2018

Employers Take Note – We Can Still Learn From the Peter Principle

“Leadership is nature’s way of removing morons from the productive flow” (Dilbert) The ‘Peter Principle’ has been around for nearly fifty years. Recent research has underlined […]
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