TGS South Africa News

July 27, 2023

Tax Season 2023 Now Open – What’s New and What’s Not

“The submission of accurate personal income tax returns on time is important for a seamless filing season. Taxpayers must take control of their own tax affairs […]
July 27, 2023

The True Cost of an Employee

“The value of a business is a function of how well the financial capital and intellectual capital are managed by human capital.” (Dave Bookbinder, author) There are […]
July 27, 2023

Tips for Getting out of Business Debt

“Borrowing isn’t inherently bad; it depends a lot on what the debt is financing” (Stephen Moore, writer and economic commentator)  Taking on debt can be a […]
July 27, 2023

SARS Warning: Beware Scam Emails!

“The backbone of any successful phishing attack is a well-designed spoofed email or spoofed website, which is why it pays to have a healthy level of […]
July 27, 2023

Your Tax Deadlines for August 2023

7 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 August – Excise Duty payments 31 August – Value-Added Tax (VAT) electronic submissions and payments, CIT […]
June 28, 2023

Ten Often-Overlooked Ways Your Accountant Can Help Your Business

“If you talk to a top accountant about his field of expertise, it’s mind-boggling.” (Vincent Kompany, professional football manager and former player) Accountants are the tax […]
June 28, 2023

Directors: Prepare and Submit Your Company’s Beneficial Ownership Register

“The lack of adequate, accurate and up-to-date beneficial ownership information facilitates money laundering and terrorist financing by allowing criminals to hide their true identities, and the […]
June 28, 2023

How to Prepare for a Possible Electricity Blackout

“Eskom plays a critical role in the life of South Africa, and life of South Africans. Due to its important role in the economy, its inability […]
June 28, 2023

Is Your Information Safe With SARS?

“Confidentiality of taxpayer information has always been a fundamental cornerstone of tax systems… taxpayers need to have confidence that the often-sensitive financial information is not disclosed […]
June 28, 2023

Your Tax Deadlines for July 2023

7 July – Monthly Pay-As-You-Earn (PAYE) submissions and payments 28 July – Excise Duty payments 31 July – Value-Added Tax (VAT) electronic submissions and payments & […]
May 29, 2023

How to Use AI to Improve Your Small Business

“The amount of work we can automate with AI is vastly larger than before. As leaders, it is incumbent on all of us to make sure […]
May 29, 2023

New Trustee Duties: More Admin, Impossible Deadlines and Hefty Penalties

“A trustee has a responsibility to guard the assets of others with a higher degree of care than he does his own.” (John Ashcroft) Onerous new […]
May 29, 2023

When to Say No to an Opportunity (or a “Barnacle”)

“The difference between successful people and really successful people is that really successful people say no to almost everything.” (Warren Buffet, Investor) Anyone who has ever […]
May 29, 2023

Can the R&D Tax Incentive Benefit Your Business?

“The government expects that, by encouraging companies to undertake R&D in South Africa, local companies will strengthen their capabilities of developing value-added products, technologies and services.” […]
May 29, 2023

Your Tax Deadlines for June 2023

Disclaimer: The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor […]
April 25, 2023

How You and Your Business Can Benefit from SARS’ Solar Tax Breaks

“The lack of reliable electricity supply is the biggest economic constraint… I am pleased to announce two tax measures to encourage businesses and individuals to invest […]
April 25, 2023

Affordable Ways to Reap the Benefits of Engaged Employees

“Always treat your employees exactly as you want them to treat your best customers.” (Stephen R. Covey) Gallup describes “engaged employees” as those who are involved […]
April 25, 2023

Setting Up Your Finances in a New Business

“A house built on granite and strong foundations, not even the onslaught of pouring rain, gushing torrents and strong winds will be able to pull down.” […]
April 25, 2023

Happy Tax Freedom Day!

“In 2022 South Africa had the 12th highest income tax burden, the 9th highest company income tax burden, and the 14th highest non-resource tax burden worldwide.” (Garth Zietsman, South […]
April 25, 2023

Your Tax Deadlines for May 2023

5 May – Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 May – Excise Duty payments 31 May – Value-Added Tax (VAT) electronic submissions and payments & […]