TGS South Africa News

March 1, 2018

Quantum Auditors is now TGS South Africa

Many have predicted 2018 to be a year of progressive change. Well, we at Quantum and 1.2.3. Consulting believe in embracing change. It is part of […]
March 1, 2018

You and Budget 2018: It Could Have Been Worse!

“What people really want is fairness. They want people paying their fair share of taxes” (Barack Obama) In the Medium Term Budget Speech (MTBS) last October, […]
March 1, 2018

You and Budget 2018: The New Tables

For ease of reference please find below – The new tax tables for individuals and trusts (with notes). The new tax tables for Small Business Corporations. […]
March 1, 2018

Make Sure You Have a Shareholders’ Agreement

A well-known attorney recently said he is constantly surprised by the number of shareholder disputes that could be quickly resolved if there was a shareholder agreement. […]
March 1, 2018

Your Tax Deadlines for March, and How to Upload Supporting Documents when eFiling

There are only run-of-the-mill deadlines for March. When eFiling you can upload twenty files per day as supporting documentation – these files can be no more than […]
February 26, 2018

CREDIT BUREAUS: CAN I BE BLACKLISTED?

There is no such thing as a black list. It simply means that there are negative data on your credit report that is hosted at a […]
February 2, 2018

Stop the World I Want To Get Off

“Join the slow e-mail movement! Read your mail just twice each day. Recapture your life’s time and relearn to dream.” (Dan Russell, IBM Researcher) We live […]
February 2, 2018

Allowable Stock Deductions: Hopefully Less Tax, Less Admin

George, the CEO of a company, was driving with his Finance Director, James, to a meeting. George had learned of a recent Tax Court case around […]
February 2, 2018

Taxpayers: Why YOU Should Participate in this Local Survey by SAICA

The cost of tax compliance has recently been in the spotlight as SARS’ revenues have fallen and pressure is mounting on taxpayers to spend even more […]
February 2, 2018

Submit Your Budget 2018 Tips!

The Minister of Finance makes his Budget Speech on 21 February and would like to hear your tips for the Budget. To submit your suggestions go […]
February 2, 2018

Your Tax Deadlines for February (and How to Avoid Penalties)

The second provisional tax payment for the 2018 tax year is due by or on 28 February. Taxpayers are required to estimate their total taxable income […]
January 4, 2018

Directors: Watch Your Liquidity and Solvency!

‘How did you go bankrupt?’ Bill asked. ‘Two ways’ Mike said. ‘Gradually and then suddenly.’ (Ernest Hemingway “The Sun also Rises”) Nothing is more demoralising than […]
January 4, 2018

How Efficient is SARS Globally?

A recent World Bank and Price Waterhouse Coopers survey, amongst other things, ranks companies in 190 countries in terms of time taken to prepare and file […]
January 4, 2018

Bitcoin: Is A Bubble Driving Up The Price?

“A bubble is an economic cycle characterized by rapid escalation of asset prices followed by — a massive selloff.” (Investopedia definition)   You come home from […]
January 4, 2018

Sugar Tax: Is It Good For Us?

“This feels like a victory for Britain’s children” (celebrity chef Jamie Oliver commenting on news that a sugary drinks levy will be introduced in the UK […]
January 4, 2018

Your Tax Deadlines for January; and New eFiling Security Measures

Provisional taxpayers who use eFiling need to submit their 2017 Income Tax Return on or before 31 January 2018. To protect taxpayers who use eFiling SARS […]
November 29, 2017

Middle Managers – They’re Vital to Your Success!

“The conductor of an orchestra doesn’t make a sound. He depends, for his power, on his ability to make other people powerful” (Benjamin Zander, Conductor and […]
November 29, 2017

Groundhog Day with SARS for Deceased Estates: Expect Delays

“A situation in which a series of unwelcome or tedious events appear to be recurring in exactly the same way” (Oxford English Dictionary definition of “Groundhog […]
November 29, 2017

Are You Part of a Product Supply Chain? Beware the CPA

The Consumer Protection Act (CPA) exposes you to some harsh remedies if, for example, a consumer suffers harm from a product supplied to him or her. […]
November 29, 2017

What’s Behind The SARS Inquiry?

The Minister of Finance has announced that the President has agreed to an independent inquiry chaired by a judge to probe why SARS is missing its […]