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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, 27 November 2013 |
The Tax Administration Act (TAA) states that tax practitioners must register with SARS to be compliant.
Since you're the one SARS will hold liable should anything go wrong with your tax return, it's your responsibility to ensure your tax practitioner is registered with the relevant authorities.
Do the following to ensure your tax consultant is registered
When the TAA says tax practitioners must register with SARS to be compliant, it means your tax consultant must be a member of a SARS-recognised controlling body.
Recognised bodies include:
Dirk Kotze, Tax Partner at global audit, tax and advisory firm Mazars says that to avoid risks, costs and to ensure that your tax practitioner is both compliant as a taxpayer and your practitioner, request that he provides you with proof of his updated registration with a controlling body.
It's crucial that you inquire about the registration status of your tax practitioner before next year's tax season. Do it while you still have plenty of time.
Remember, the buck stops with you when it comes to your tax affairs! So don't entrust your tax affairs to non-compliant practitioner, make sure he's registered with a SARS-recognised controlling body.
Our employee is working on assignment in another country. He benefits from the public holidays in that country. Will he forfeit any South African public holidays while he's away? Also, he works according to the ... [see the answer]