TGS South Africa News

March 30, 2020

On a Lighter Note – Some Entertaining Tax Stories

UK Revenue officials recently released some entertaining excuses from taxpayers: One taxpayer claimed their mother-in law was a witch and had cursed them. Some said that […]
March 30, 2020

Your Tax Deadlines for April 2020

7 April – Monthly PAYE submissions and payments 24 April – VAT manual submissions and payments 29 April – Excise Duty payments 30 April – VAT […]
March 2, 2020

Budget 2020: Some Tax Relief!

Taxpayers were preparing for once again being squeezed in 2020, but we have been pleasantly surprised as we have been given a myriad of tax concessions […]
March 2, 2020

Your Selection of Budget 2020 Tax Calculators

How long will you work for the taxman today? Input your salary into the 2020 Tax Clock calculator and find out how many hours you will spend today […]
March 2, 2020

Budget 2020: Will it Please Moody’s?

“Baby, baby, baby you’re out of time” (The Rolling Stones) Over the past several years South Africa’s debt position has worsened considerably to the point where […]
March 2, 2020

Directors: “Knowing” Is A Potentially Career-Threatening Word for You

“An investment in knowledge pays the best interest” (Benjamin Franklin) The Companies Act 2008 places onerous duties on directors and if you do not meet these […]
March 2, 2020

Your Tax Deadlines for March 2020

6 March – Monthly PAYE submissions and payments 25 March – VAT manual submissions and payments 30 March – Excise Duty payments 31 March – VAT […]
January 29, 2020

Take Advantage of the Venture Capital Company Allowance While You Can

“There are two systems of taxation in our country: one for the informed and one for the uninformed” (U.S. Judge Learned Hand) Small and medium-sized enterprises […]
January 29, 2020

Small Businesses: How to Survive and Thrive

“Why do approximately 70% – 80% of small businesses fail within five years? Why are certain entrepreneurs more successful than others?” (Extract from UWC article below) […]
January 29, 2020

Directors: Be Careful, You Will Be Held More Accountable In 2020

The past few years have seen scandals emerging in both the private and public sectors. Steinhoff, State Capture, Eskom, the Guptas and Bosasa, to name a […]
January 29, 2020

Lying About Qualifications – Prison Time for Employees on the Horizon

An issue that has been around for a while has been employees misrepresenting their qualifications to their employer. This has adverse consequences for the employer as […]
January 29, 2020

Budget 2020: Tips for Tito – Make Your Voice Count!

On 26 February 2020 the Minister of Finance, Tito Mboweni, will be making his annual budget speech. Traditionally, the Minister asks the public what they would […]
January 29, 2020

Your Tax Deadlines for February 2020

7 February – Monthly PAYE submissions and payments 25 February – VAT manual submissions and payments 27 February – Excise Duty payments 28 February – VAT […]
January 6, 2020

What Will The Next Decade Bring Us?

“If we can win the Rugby World Cup three times, surely it is not asking too much of this country to take the High Road twice […]
January 6, 2020

Your Tax Returns Are Due: Make Sure You Fill In Your Return Correctly

“The hardest thing in the world to understand is the income tax”  (Albert Einstein) Provisional taxpayers using eFiling need to have completed and submitted their 2019 […]
January 6, 2020

How To Detect and Dodge Financial Scams

“If it sounds too good to be true, it probably is” (wise old adage) In the USA, $40 billion is lost every year to scammers. When […]
January 6, 2020

Junk Status Is Not The End – It Can Get A Lot Worse!

It is now widely expected that sometime in the next year or so Moody’s will downgrade South Africa’s debt to junk status. Many see this as […]
January 6, 2020

Your Tax Deadlines for January 2020

 January – Monthly PAYE submissions and payments 24 January – VAT manual submissions and payments 30 January – Excise Duty payments 31 January – VAT electronic […]
November 27, 2019

Sometimes the Best Management Is To Take a Back Seat

“When the best leader’s work is done the people say‘We did it ourselves’” (Lao Tzu) Management is probably more of an art than a science – […]
November 27, 2019

How to Prepare Your Business Plan

“If you fail to plan, you are planning to fail!” (Benjamin Franklin) Previously we discussed why a business plan is so important, this month we look at the mechanics of […]