NEWS | SARS PAYROLL AUDIT
In what now seems to have become an annual occurrence, the Minister of Finance, Tito Mboweni, has announced during this year’s budget speech that there will, again, be a tax revenue shortfall – this time to the tune of R43 billion. Despite promising initiatives implemented by the South African Revenue Service (SARS), it appears that […]
Back Yourself With an Expert to Tackle a Dispute With SARS
Becoming an expert Malcolm Gladwell proposed that, in order to become an expert in something, you would have to spend 10 000 hours practising that “something”. While his proposition may have been challenged and shown to be inaccurate over the years, the concept is still the same. Without time, effort and expertise, proficiency in any field […]
VAT Refunds – The Sword in the Stone
It is one of those things you need to personally experience; otherwise you will never fully comprehend how frustrating things can become. When you get audited by certain SARS officials before payment of your Value-Added Tax (VAT) refund, expect the long road and frustration, often when your business really needs the cash flow.
Remuneration Trends for 2019
An employee’s remuneration package was once carved in stone, consisting of their pay and some standard benefits, like medical aid and pension. However, things are quite different these days, with employers hoping to offer better rewards that entice top talent to join their organisations and stay longer. Here, we share our views on what workers […]
Budget Speech 2019: Systems Set in Place – Revenue Collections
Since the interim budget speech in October, there has been a significant decrease in revenue. The revenue was decreased by R15.4 billion, which can mostly be attributed to the increase in VAT refunds over the past few months.