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You can complete your IT14SD form in 6 steps
>> FIND OUT MORE HERE<<

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...]

Natalie Cousens

  • Avoid a 200% penalty. Make sure you know how to tax labour brokers correctly
  • Do you use labour brokers to supply you with temporary staff when one of your staff members is on leave? Be careful, if you don't tax labour brokers correctly, it could cost you an extra 200% in penalties to SARS. It's not as easy as you think. Let me show you exactly how to tax labour brokers correctly.... ››› more
  • [11 December 2013]
  • How to save money even when you pay salary increases, bonus payouts, donations to charities and gifts for clients
  • The end of the year is here and I'm sure you'd like nothing more than to get a little something back for yourself instead of just spending a fortune on salary increases, bonus payouts, donations to charities, gifts for clients, etc. Well, you can.... ››› more
  • [05 December 2013]
  • Dividends Tax: Are you at risk of being audited?
  • Dividends Tax (DT) is a tax charged when a dividend is paid out. While the liability for tax falls on the shareholder, the company paying the dividend must withhold the tax and pay it to SARS on behalf of the shareholder. As the company paying the dividend, it's crucial that you get this right. If you don't, you'll expose your company to a SARS audit. Use this checklist to ensure you're not at risk of an audit.... ››› more
  • [31 October 2013]
  • Four ways SARS target YOUR company for a tax audit
  • SARS is always on the lookout for non-compliant behavior. For example, it'll identify risks by asking specific questions on tax returns and by sending out payroll and transfer pricing questionnaires. These are just some of the means SARS uses to target you for a tax audit. Here are four more ways SARS can target your business.... ››› more
  • [30 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]
  • 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]
  • Can I deduct the cost of a new laptop for my business?
  • There's nothing better than getting money back from SARS. And let's face it, we all want money back. The challenge is keeping track all the little unknown expenses you can legally deduct to get SARS to put more money into your bank account. For example, did you know you can claim the cost of new laptops for your business?... ››› more
  • [08 October 2013]
  • Five crucial documents you must have to complete your IT14SD form correctly
  • In 2011 SARS introduced the IT14SD which is officially called 'The Supplementary Declaration (IT14SD)'. As a business, you use this form to reconcile your Income Tax, Vat, PAYE, UIF, SDL and Customs declarations to SARS. And, with the IT14SD form being quite new a lot of people are filling it in incorrectly and it's rejected by SARS.... ››› more
  • [02 October 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]
  • How to reorganise your business and save your company from triggering immediate capital gains tax
  • Tired of paying thousands to SARS every year? Well I've got some good news for you. I have one way you can reorganise your business without triggering immediate capital gains tax bill. Let's have a look how...... ››› more
  • [29 April 2013]
  • Don't let confusion over legal expense allowances cost you
  • You probably spend a fortune on legal fees every year. And I bet you're not deducting them. Use this checklist to make sure you're deducting all the legal fees you can, giving you more money at the end of the tax year. Let's have a look at the checklist to see if you're deducting your legal expenses.... ››› more
  • [23 April 2013]
  • 2 More ways to reorganise your business and save your company without triggering immediate capital gains tax
  • On the 13th of February 2013 in Tax Matters we gave you one way to reorganise your business without triggering immediate capital gains tax bill. There are another two. Let's have a look at them.... ››› more
  • [12 March 2013]
  • Will SARS allow me to claim home office allowances on this?
  • Our Tax Helpdesk service gets dozens of tax queries every week. Here's an interesting query we received recently, relating to home office deductions.... ››› more
  • [06 March 2013]
  • Make sure SARS doesn't see your business transactions as tax avoidance!
  • The G20countries are clamping down on businesses that find loopholes to pay less tax. And last week's State of the Nation Address confirmed SARS is on the look-out for any form of tax avoidance to penalise you, as it's desperate to fill up its coffers. Here's how to make sure your business transactions will stand up to SARS' scrutiny as legal and not as tax avoidance...... ››› more
  • [21 February 2013]
  • How to object a SARS tax assessment the right way
  • Businesses are in for a challenging time from SARS. The Eurozone debt crisis is having an impact on economic growth in South Africa. Because Europe is our largest trading partner, our economy's growth is affected every time there are problems in the region. And with lower economic growth here in SA thanks to the Eurozone crisis, SARS needs to do whatever it can to get money from every possible place. The result: you're your business could face a hefty tax penalty if SARS finds fault with your tax assessments. Use these four steps to object a SARS tax assessment that you think is unfair and get off with a lighter tax assessment if your objection is successful.... ››› more
  • [08 February 2013]
  • Four ways to ensure your staff bursaries are tax-free
  • South African universities go back to work this week as the official varsity calendar gets under way. That's great news if you plan to send a staff member back to 'school' to further his degree or training. After all, doing so means better trained staff and a great tax break for your business too. Here are the SARS' requirements for company bursaries you need to know about...... ››› more
  • [08 February 2013]



There are 47 ways to get more money back from SARS
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Save your business from penalties by being an instant audit expert!
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Make a dismissal stick, even if it goes to the CCMA
>> FIND OUT HOW<<
Get the only DoL recognised way to train your HSE representative
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You have to dismiss an employee, but do you know how?
>> FIND OUT HOW HERE <<
3 Instances where you don't have to pay Capital Gains Tax...
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Exclusive report: Calling all HR managers - this is a must read!
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Improve your cash flow and eliminate simple accounting mistakes
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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
Find out how to recruit staff effectively
>> CLICK HERE <<
Cut your health and safety training bill by 80%
>> FIND OUT HOW <<
News
ATTENTION EMPLOYERS: Even part-time staff must have a contract

>> CLICK HERE FOR MORE DETAIL <<
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

>> FIND OUT MORE HERE <<
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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