The myriad of taxation and compliance requirements for small to large businesses can be daunting. As your service provider, we will assist you with reminders and managing the entire function. Taxes are inevitable. Income tax has become increasingly complex in South...
“Cloud is about how you do computing, not where you do computing” (Author and former CEO of tech company VMware, Paul Maritz). “Working in a cloud” favours companies of all sizes, specialising in different trades, and allows them to manage their work according to...
Recro contributed to the launch issue of Nine Yards, Old Mutual Corporate’s brand new magazine for small-business owners. It was officially launched in November 2020 to coincide with the start of Global Entrepreneurship Week and will be promoted in the media via PR...
The business rescue provisions in the Companies Act are regarded as progressive and world class and there is evidence that it has worked well. Yet a 2016 survey showed that more distressed businesses opted for an informal approach and appear to be more successful than...
There is chronic unemployment in the country and it is especially felt by the youth where up to 50% cannot find a job. The Employment Tax Incentive (ETI) is designed to encourage companies to employ “youths” (between the ages of 18 to 29) for 1 to 2 years. Incentives...
“Death and taxes may be inevitable but they shouldn’t be related” (J.C. Watts Jr)” Tax season 2019 begins on 1 August (1 July for taxpayers who are registered for eFiling or have access to the MobiApp) and SARS has taken further steps to reduce the burden on both...
“Tax Freedom Day is calculated by dividing general government revenue by GDP at market prices, then multiplying the result by the number of days in a year, and finally adding a day” (Free Market Foundation) In the current year it will take the average South African...
These are the run-of-the-mill deadlines for July – 5 July - PAYE submissions and payments 25 July - VAT manual submissions and payments 30 July - Excise Duty payments 31 July - VAT electronic submissions and payments 31 July - CIT Provisional Tax Payments where...
“I approach every problem with optimism” (Nelson Mandela) The mood of optimism that pervaded a year ago is rapidly fading – the Business Confidence Index is on a steady decline. Every 1% rise in business confidence results in 0.5% growth in the economy – as President...
The Companies Act gives directors wide powers to manage the organisation – the Act states “The business and affairs of a company must be managed by or under the direction of its board”. In a recent case a furniture company ran into economic difficulties and resolved...
Firstly, there are no major deadlines in June but tax season opens in July, so make sure you have all your documentation ready for your 2018/2019 Income Tax Return. SARS and Tax Ombud Sign Cooperation Agreement to Improve Service Then there is some good news - a...
“If only there was some kind of an infinite power source that was free to use all day every day…” (Anon) In a recent binding ruling, SARS confirmed it will allow the cost of solar power units. The capital costs that may be deducted are: Photovoltaic solar panels; AC...
with numbers that aren’t getting you to that business and life, you are longing for.
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23 Akasia Avenue
Panorama
Cape Town
7500
+27 21 930 3850
+27 71 265 8148
+27 71 265 8148