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What does the new Employee Tax Incentive Bill mean for your business?
Unemployment is a big problem in South Africa. So it's no wonder that government has finally stepped in to reverse the high levels that affect the youth. How? By making sure its new Employee Tax Incentive Bill comes into effect. And it will, the minute 2014 ushers in. Here's what you need to know [read more...]Research finds that absenteeism is the reason South Africa's losing its competitive edge
New research has found that South Africa's losing its competitive edge. And it's all thanks to absenteeism. That's just the tip of the tip of the iceberg. There are other worrying trends when it comes to sick leave abuse in the workplace. Here are the details of the study... [read more...]New B-BBEE codes unveiled! Find out what this means for your business...
Trade and Industry Minister Rob Davies has unveiled the new Broad-Based Black Economic Empowerment (B-BBEE) codes of good practice. Davies announced the new codes yesterday at the B-BBEE summit in Midrand. Reports suggest the codes will be published in the Government Gazette on October 11. Read on [read more...]by FSP Business, 11 September 2013 |
Provisional tax is a tax system that makes you estimate and pay your taxes in the form of two payments (one every six months), instead of having to pay one large sum at the end of the tax year.
SARS'll automatically register you for provisional tax if it sees you qualify for it.
'But, be aware! SARS can levy penalties and interest if, at the time of assessment, they determine that during the tax year you were liable for provisional tax,' warns the Practical Tax Loose Leaf Service.
The two types of provisional taxpayers are:
When must you pay provisional tax
Before you sit down and calculate your provisional tax, collect the following documents:
Calculating your provisional tax? Make sure you have these ten documents
According to ACS Accounting Trust, the deadlines for provisional tax are:
I have just recently installed 6 x cameras at our entrance and exit areas only. I need to draw up a policy for the CCTV camera's, and publish to all our staff. Is there a template policy for CCTV cameras in South ... [see the answer]