TGS South Africa News

October 31, 2019

5 Reasons To Never Overlook Your Business Plan

“How can I be so stupid?” (John Cleese recalling when he pitched the BBC to start the Monty Python’s Flying Circus show without a business plan) […]
October 31, 2019

Your Tax Deadlines for November 2019

Deadlines this month are – 7 November – Monthly PAYE submissions and payments 25 November – VAT manual submissions and payments 29 November – Excise Duty […]
September 30, 2019

A Tip for Anyone with Too Much Debt – Try the ‘Snowball Method’

Note: Even if you yourself are financially secure, please consider passing this article on to someone else who may be struggling with a debt burden – […]
September 30, 2019

A Break for Taxpayers on Interest Received From SARS

Until last year taxpayers had to accrue interest owed to them by SARS. This proved difficult for taxpayers as SARS can take a few years to […]
September 30, 2019

Businesses: Let’s All Practice Corporate Sustainability to Remain Competitive and Successful

“Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs” (Gro Harlem Brundtland) […]
September 30, 2019

Our Economic Outlook: Good News or Bad?

“Prediction is very difficult, especially if it’s about the future” (Niels Bohr, theoretical physicist and Nobel Prize winner) After shrinking sharply in the first quarter, the […]
September 30, 2019

Your Tax Deadlines for October 2019

Deadlines this month are – 7 October – Monthly PAYE submissions and payments 25 October – VAT manual submissions and payments 30 October – Excise Duty […]
August 30, 2019

Be Ready For SARS Employee Audits

“Forewarned is forearmed” (Wise old saying) SARS is having trouble meeting its revenue targets and this is clearly putting enormous pressure on the South African economy. […]
August 30, 2019

Communicate with Candour – the “Oracle of Omaha” Speaks

“The CEO who misleads others in public may eventually mislead himself in private” (Warren Buffett) Companies that are sustainable in the long term are honest with […]
August 30, 2019

Your Shareholder Agreement versus Your Memorandum of Incorporation – There Is Only One Winner

Shareholder agreements usually form the backbone of shareholder relationships as they govern, for example, how shareholders sell their shares, how shareholder disputes are settled and the […]
August 30, 2019

Spying On Employees Is Becoming A Big Industry

Note: As always, our employment laws being complex and the penalties for getting them wrong severe, take specific professional advice in any doubt! In a recent […]
August 30, 2019

Your Tax Deadlines for September, and an Update on Tax Season 2018/19

Your third provisional payment for the 2018/2019 tax year is due on or by 30 September 2019. This payment is voluntary, and you only need to […]
July 30, 2019

Don’t Let a Death or Disablement Destroy Your Business

The greatest need in many small businesses is for cash flow. Picture this scenario:  Three people start a business and after a few years it is […]
July 30, 2019

The Big Mac Index Says the Rand is Way Undervalued

“Our results indicate that the Big Mac Index is surprisingly accurate in tracking exchange rates over the long-term, which is consistent with previous PPP research findings” […]
July 30, 2019

If Artificial Intelligence Is Not That Intelligent, Should We Be Worried About Our Jobs?

“Real stupidity beats artificial intelligence every time” (Terry Pratchett) Artificial Intelligence (AI) is being rolled out in many guises throughout business. One instance of this is […]
July 30, 2019

SARS: Changes to the Employer Statement of Account

This form is designed so that employers can easily reconcile their payroll taxes (PAYE, UIF and SDL). These taxes have proved difficult to reconcile and this […]
July 30, 2019

Your Tax Deadlines for August 2019

Individual provisional taxpayers need to submit their first provisional form and payment by or on 30 August.  Companies with year ends in either February or August […]
June 28, 2019

How Tax Returns Will Be Easier This Year, and Should You File if You Earn Under R500,000?

“Death and taxes may be inevitable but they shouldn’t be related” (J.C. Watts Jr)” Tax season 2019 begins on 1 August (1 July for taxpayers who […]
June 28, 2019

Business Rescue Options: Going the Informal Route v the Companies Act Route

The business rescue provisions in the Companies Act are regarded as progressive and world class and there is evidence that it has worked well. Yet a […]
June 28, 2019

How Many Days Did You Work For The Taxman In 2019?

“Tax Freedom Day is calculated by dividing general government revenue by GDP at market prices, then multiplying the result by the number of days in a […]
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