CURRENT NEWS

Last chance to get rid of skeletons in your ‘tax and/or exchange control closet’
SARS and SARB close their Voluntary Disclosure Program (VDP) on 31st October 2011.
October 2011

August 2011 Bi-Annual PAYE Reconciliation

The August 2011 Bi-Annual PAYE reconciliation submission period is from 1 September 2011 to 28 October 2011

September 2011
Release of the National Health Insurance Green Paper
Health Minister Aaron Motsoaledi launched the Green Paper on the National Health Insurance (NHI) during a post-Cabinet media briefing in Pretoria on Thursday, 11 August 2011.
August 2011
Important Retirement Funding and Tax Notes
What happens to your retirement funding when you are retrenched or when you retire?
July 2011
Reduce risk & convert to the new MOI!
Reduce your Corporate Governance risk and convert your articles
June 2011
Directors Loans and intra-group loans invalid from 1 May 2011
Did you know that all of your related and inter-related Company and Close Corporation loans granted from 1 May 2011 are invalid?
June 2011
Personal Tax returns – critical deadline dates
The 2011 tax season opens on 1 July 2011 and the final submission deadlines for the 2011 tax returns are 30 September 2011 (Manual submission) and 25 November 2011 (Electronic submissions). 
June 2011
Taxation Laws Amendment Bill, 2011
The Draft Taxation Laws Amendment Bill, 2011 (“the TLAB”) was released by National Treasury on 2 June 2011 for public comment.
June 2011
Importance of the Payroll Administrator
Most business owners are aware of the size of their payroll expense and pay a lot of attention to providing for the cash flow and managing it as an expense line item. Strangely though the administration risks surrounding this expense are often ignored and the controls are assumed to be sufficient – you do so at your peril!
June 2011
Tax Tips - Article 1
From 1 May 2011 any payment made using the SARS drop box on a business day must be deposited/received on or before 3 p.m.
May 2011
Tax Tips - Article 2
SARS no longer accepts any cheque payment that exceeds R100 000 at any SARS office or via post for PAYE/SDL/UIF or VAT.
May 2011
Tax Tips - Article 3
The primary residence property transfer exemption ends on 31 December 2012. There are certain documents that will be required by SARS for this process.
May 2011
Tax Tips - Article 4
Some handy tips we have discovered from working on the SARS Easyfile system that will assist you with the 2011 EMP501 submissions.
May 2011
Tax Tips - Article 5
Do you earn a travel allowance? Are you a sole trader wanting to claim back the business portion of your personal vehicle’s cost for business purposes?
May 2011
Tax Tips - Article 6
SARS opened their Voluntary Disclosure Program (VDP) on 5th November 2010. The program makes provision for the disclosure of both income tax and/or exchange control contraventions.
May 2011
Important Summary: Companies Regulations, 2011
How to prepare and report on financial statements of companies
May 2011