There have been significant shifts in the corporate income tax landscape of late – not only in South Africa, but across the globe. The global minimum tax is a pertinent example. And although its immediate impact is on large multinationals, the changes could well benefit local businesses in the long term. This and other pivotal…

Marketing is a tricky game with ever-changing rules. When your marketing doesn’t seem to be working and you aren’t getting the results you want, it might be time to go back to the drawing board. If you have great products and services, but no one is buying, it could be because you are desperately in…

Times are tough, so it’s only natural to look for ways to scale back and save money. Retrenchments and cutting down on marketing are both popular solutions. But there are many more effective ways to save money, restructure cash flow and put your business on a healthier footing. Here are five hacks that you could…

Yes, yet another EMP501 reconciliation is due…..That’s because not one, but two recons are due in each tax year. By 31 October, the Interim EMP501 reconciliation for the last six months must be submitted, accurately and on time. We can provide expert help to smooth the submission process and help you maintain your compliant tax…

SARS eFiling profile hijackings are becoming an increasingly concerning and common hazard. Reports of this type of cybercrime have peaked in recent months and both individuals and businesses must take proactive steps to prevent an attack. This Cyber Security Awareness Month, it’s vital to understand how you could fall prey to cybercriminals. Improving your cybersecurity processes and…

“Leadership and learning are indispensable to each other.” (John F. Kennedy) The world of work is changing, rapidly. With more teams made up of diverse people from a wide variety of locations, leadership these days has become less about personal relationships and more about managing across distance and effective organisation. Leaders in this world need…

“The new requirements] enable… a more efficient process to make deductions available to qualifying donor taxpayers and to help prevent section 18A claims abuse.” (SARS) Public benefit organisations (PBOs) are engaged in public benefit activities for example religious institutions, day care centres, disaster relief organisations, health clinics, etc.                Many are dependent on donations and,…

Knowing whether to hire a freelancer or full-time employee for any particular role is vital for the successful running of a modern business. With budgets constantly being constrained and the pressure to perform going up, ensuring you maximise your workforce is absolutely essential if you want to build a successful company. Here is our quick…

“The cold, harsh reality is that we have to balance the budget.” (Michael Bloomberg, former New York City Mayor) Budget shortfalls are not uncommon across the public and private sectors, especially in these economically challenging times. A budget shortfall is a significant concern for any individual or organisation and should be corrected promptly.              …

In terms of current law (Up to 29 February 2024), should trust income be vested in a beneficiary of such trust during the year of assessment, the income flows through the trust and is taxed in the hands of the beneficiary. This is the case regardless of whether the beneficiary is a tax resident of…