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You can complete your IT14SD form in 6 steps
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You don't HAVE to allow your employees smoke breaks?
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Strikes can cripple your business
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Latest news

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...]

Fringe Benefit

  • Revealed: Three relocation expenses that are tax-free for your employee
  • Did you know that transfer costs are tax-free? That's right. If you transfer your employee, from Jo'burg, for example, so he can work for your Cape Town branch, any benefits he or his relatives get through the transfer is tax-free. Here are the three relocation expenses that are tax-free for your employee.... ››› more
  • [01 November 2013]
  • How to give your staff meals and refreshments - tax free!
  • If you provide your employees with meals, refreshments or meal vouchers free of charge or for less than its actual value, you can tax this as a fringe benefit. But there are three instances where there's no fringe benefit tax on any meal or refreshment. Know what these are and you'll be able to provide meals and refreshments completely tax-free!... ››› more
  • [29 October 2013]
  • Medical expenses: Here are the four exceptions to the medical fringe benefit rule
  • If you cover an employee's medical expenses on his behalf, it's a taxable fringe benefit. But there are four exceptions to the medical fringe benefit rule. And they mean you don't have to tax the following medical expenses.... ››› more
  • [29 October 2013]
  • One tool to submit your tax return by 22 November 2013 if you're eFiling
  • If you're anything like me, you leave things till the last minute. Normally I'd do the same with submitting my tax return. But it's just as well I chose to start the process early this year. It wasn't as straightforward as loading my return, filling in my details and hitting submit. I had all sorts of additional expenses I needed to claim. And I had no idea where to start. It's just a pity I didn't use this one tool...... ››› more
  • [24 October 2013]
  • Revealed: Four tax free services you can give your staff
  • You already know that before you give your employee a loan or a gold watch for his long service, you have to be aware that these could be taxable fringe benefits. But, did you know there are services you can give to your staff, tax-free? Read on to find out what these are...... ››› more
  • [15 October 2013]
  • Four steps to calculate the fringe benefit for rented company cars
  • Before 1 March 2013, you would have found it difficult to tax your employees for their use of permanently rented company cars. This is because it was almost impossible for you to get the true value of the car from the company you're renting the car from. I.e. the car company only gave you an estimate of the car's value. Now for the good news...... ››› more
  • [14 October 2013]
  • Use these four steps to tax your employee's private use of the company car
  • If you give your employee the use of a company car, then you'd better make sure you're taxing it correctly. If you don't, you're opening the door to a potential 10% tax penalty for under-deducting your employees' tax. Don't take that risk. Follow these four steps to ensure you tax employees' private use of the company car correctly.... ››› more
  • [30 September 2013]
  • When is a company car not a fringe benefit?
  • A company car is a car provided by your company for the business and sometimes private use of an employee. You probably know your employee's private use of the company car is a perk (a fringe benefit). And this means you must deduct PAYE on the value of the private kilometres, which your employee travels in the company car. But did you know there are instances where a company car won't qualify as a fringe benefit? Read on to find out what they are so you can comply.... ››› more
  • [30 September 2013]
  • Are you sure your employment contracts are legally compliant?
  • An employment contract's only binding and enforceable when there's been an agreement. This means you've made an offer to the employee in writing, and he's accepted it in writing. To ensure SARS doesn't scrutinise your employment contracts, make sure your contracts meet these three legal tax obligations.... ››› more
  • [20 September 2013]
  • Here's what you can do if you disagree with a SARS tax assessment
  • Have you received a tax assessment from SARS? Do you agree with it? If you don't, and you're not sure how SARS arrived at the amount of tax assessed, you should ask SARS to provide you with an explanation of how it determined and calculated the assessed tax.... ››› more
  • [20 September 2013]
  • Confused about when fringe benefits are taxable and when they aren't? Read this
  • According to a Sunday Times report, Northern Cape premier Sylvia Lucas used her official credit card to spend R53 159 on fast food during her first ten weeks in office. Now, the minister's office has reportedly defended this excessive spending of taxpayer's money, saying she was 'within her rights'. While ministers are governed by a ministerial handbook, this isn't the case in your business. That's why you need to take control of your fringe benefits. Read on to discover when fringe benefits are taxable and when they aren't to avoid penalties.... ››› more
  • [16 September 2013]
  • Are your employment contracts in line with the requirements of the Income Tax Act?
  • You probably know that a watertight employment contract is as good as money in the bank. But did you know the Income Tax Act requires your employment contracts to meet certain requirements? Read on to find out what these requirements are so you can comply.... ››› more
  • [30 July 2013]
  • WARNING: If you help your employee with medical bills, you might be in trouble with SARS!
  • An employer who helps their worker with much-needed hospital bills is a Good Samaritan, right? That's not what SARS thinks! Whether you pay for an employee's prescription or set up a flu vaccine drive in your office, SARS might penalise you if you don't tax these things correctly. Find out how to get SARS off your back for helping your employees with their medical bills...... ››› more
  • [29 July 2013]
  • Never run out of cash in your business! Use these three easy tools to keep cash flowing
  • After a really good month of sales, Mike, a business owner of a small chocolate factory, expects his bank account to show a large positive bank balance. When he checks, he sees his bank account is overdrawn.... ››› more
  • [22 July 2013]




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The HR resource that’s making over 13 240 managers' lives MUCH easier!
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Employers - You must display a summary of the BCEA and EEA
Get your summaries here
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Cut your health and safety training bill by 80%
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News
ATTENTION EMPLOYERS: Even part-time staff must have a contract

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40 Tools to Manage your Business Tax Risk

>> CLICK HERE <<
MANDATORY NOTICE FOR ALL EMPLOYERS: no matter how many people you employ 1 or 100

Read more now
Giant health and safety mistakes that 2 out of 3 companies make every year

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Save R24 469 by keeping an accurate logbook today

>> CLICK HERE <<
Attention Employers! From the Department of Labour: Not displaying summaries of the EE Act and BCEA in the workplace is punishable by law

Read more here
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