TGS South Africa News

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 & […]
March 29, 2023

Why (and How) to Submit Skills Development Reports by 30 April

“We need to give importance to skill development because this way we can end unemployment.” (Narendra Modi, Prime Minister, India) Since 1999, the Skills Development Levy […]
March 29, 2023

5 Business Plan Mistakes to Avoid

“Proper business planning demands that you focus on the self-interest of the customer at all times.” – (Brian Tracy, Author and Speaker) Writing a business plan […]
March 29, 2023

UDZ Tax Incentive Extended: Could Your Business Benefit?

“…governments internationally have increasingly used tax measures to support efforts aimed at regenerating urban areas.” (SARS Guide to the UDZ Allowance) The urban development zone (UDZ) […]
March 29, 2023

Tips for Generating Customer Trust as a Start Up

“Consumers don’t just buy products and services anymore; they buy experiences. This demands a new approach to marketing, sales, and services; one that hinges on winning […]