TGS South Africa News

July 27, 2022

Is Your Trust Registered and Ready for Income Tax?

“A trust is a ‘person’ for tax purposes and is therefore a taxpayer in its own right.” (SARS) SARS recently sent out a reminder confirming that […]
July 27, 2022

Your Tax Deadlines for August 2022

5 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 August – Value-Added Tax (VAT) manual submissions and payments 30 August – Excise Duty payments 31 […]
June 27, 2022

Tax Season 2022 Now Open: Beware, This Year’s Deadlines are Shorter!

“Few of us ever test our powers of deduction, except when filling out an income tax form.” (Laurence J. Peter) In this article, we look at […]
June 27, 2022

Keep Your Business Simple!

“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the […]
June 27, 2022

Owe SARS a Tax Debt? Here Are Your Options…

“Tax debtors are expected to take responsibility for their tax obligations and to organise their affairs in such a way as to be able to discharge […]
June 27, 2022

Learning The Essential Art of Delegation

“The really expert riders of horses let the horse know immediately who is in control, but then guide the horse with loose reins and seldom use […]
June 27, 2022

Your Tax Deadlines for July 2022

7 July – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 July – Value-Added Tax (VAT) manual submissions and payments 28 July – Excise Duty payments 29 […]
May 27, 2022

Estate Planning: Act Now to Protect Your Family and Business After You Are Gone

“The golden rule of all estate planning is: don’t wait.” (Missionwealth.com) Just 20% of South Africans have a valid will (“Last Will and Testament”), resulting in […]
May 27, 2022

How to Prepare for and Manage a Business Crisis

“When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.” (John F. Kennedy, 35th U.S. President) When […]
May 27, 2022

Five Financial Reports for Informed Decision-Making

“What gets measured, gets managed.” (Peter Drucker) Financial reports, such as a balance sheet, income statement, cash flow statement, debtors reports and actual spend vs budget […]
May 26, 2022

Tax Freedom Day 2022: The Day We Stopped Working for Government

“Taxpayer: One who doesn’t have to pass a civil service exam to work for the government” (Anonymous) “Tax Freedom Day” is the first day of the […]
May 26, 2022

Your Tax Deadlines for June 2022

7 June – Monthly Pay-As-You-Earn (PAYE) submissions and payments 24 June – Value-Added Tax (VAT) manual submissions and payments 29 June – Excise Duty payments 30 […]
April 26, 2022

The Simple Solution to Hassle-Free EMP501 Final Recons

“The employer in collaborating with SARS plays a critical coalition towards adherence and compliance of tax principles and laws.” (SARS External Guide – A Guide to […]
April 26, 2022

The 7 Signs It’s Time to Move Your Business Out of The Garage

“One doesn’t discover new lands without consenting to lose sight, for a very long time, of the shore.” (Andre Gide) All of the largest businesses in […]
April 26, 2022

Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You?

“What the government gives it must first take away.” (John S. Coleman) It certainly seemed like a win for taxpayers when Finance Minister Enoch Godongwana announced […]
April 26, 2022

Your Tax Deadlines for May 2022

06 May Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 May Value-Added Tax (VAT) manual submissions and payments 30 May Excise Duty payments 31 May Value-Added Tax (VAT) electronic […]
March 29, 2022

What The New Employment Tax Incentive Limits Mean for Your Business

“Since the unemployment rate in the Republic is of concern to Government; and since Government recognises the need to share the costs of expanding job opportunities […]
March 29, 2022

When, Why and Whose Jobs You Should Be Outsourcing

“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.” (Lee Kuan Yew, Former Prime Minister of Singapore) Launching […]
March 29, 2022

Planning to Cease Being a South African Tax Resident? What You Should Know Before Approaching SARS

“Dear IRS, I am writing to you to cancel my subscription. Please remove my name from your mailing list.” (Snoopy) According to some estimates, as many […]
March 29, 2022

A Guide to Accessing Funds That Can Help Your Small Business

“All company bosses want a policy on corporate social responsibility. The positive effect is hard to quantify, but the negative consequences of a disaster are enormous” […]