May 21, 2019

IFRS vs IFRS for SMEs

The majority of financial statements in South Africa are arguably compiled by implementing the International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SMEs) […]
May 21, 2019

South African Reserve Bank procedures

The South African Reserve Bank (“SARB”) is the central bank of the Republic of South Africa and the primary purpose is to achieve and maintain price […]
May 21, 2019

Rendering of transport services by employers – more observations

Employers may provide employees with a transport service from their homes to the place of their employment. Such transport services constitute a taxable benefit in the […]
May 21, 2019

Rendering of transport services by employers

Paragraph 2(e) of the Seventh Schedule to the Income Tax Act[1] deems an employer to grant a taxable benefit to an employee if any service has, […]
May 3, 2019

Value-added remarks on value-added tax (VAT)

VAT is an integral part of our economic society and is something that influences everyone, especially businesses in South Africa.  In this article, we will discuss […]
May 3, 2019

EMP501-rekonsiliasies

Die aanvangsdatum van die 2019-seisoen vir indiening van die jaarlikse EMP501-rekonsiliasies is deur die Suid-Afrikaanse Inkomstediens (SAID) uitgestel vanaf 1 April na 17 April 2019. Die […]
May 3, 2019

The audit process

To get a better understanding of the audit process, we can take a look at the definition of an audit. Audit – “an official inspection of […]
May 3, 2019

VAT regulations dealing with the supply of electronic services

VAT Regulations dealing with the supply of electronic services Since 2015, foreign suppliers of electronic services (such as audio-visual content, e-books etc.) in South Africa are […]