Business & Corporate Advisory in South Africa Good accounting is not only about recording what has already happened. Business owners regularly make decisions involving company structures, remuneration, cash flow, financing, assets, shareholders and tax. These decisions often have accounting, tax and corporate consequences that should be considered before a transaction is implemented. MVA Tax and … Read more
Accounting Records & Financial Statements in South Africa Accurate accounting records are the foundation of reliable financial reporting, tax compliance and sound business decision-making. Accounting should not simply be an exercise completed at year-end. Properly maintained records allow a business to understand its financial position throughout the year and provide the information required for tax … Read more
Payroll & Employer Compliance in South Africa: What Employers Need to Know Employing staff creates ongoing payroll and statutory responsibilities. Payroll compliance involves considerably more than calculating salaries and issuing payslips — employers must correctly account for employees’ tax and other applicable statutory contributions and ensure that payroll records agree with amounts declared to SARS. … Read more
CIPC Annual Returns & Beneficial Ownership: What Companies Need to Know CIPC compliance is not limited to registering a company. Once a company or close corporation exists, there are ongoing annual and statutory filing obligations that must be maintained. Two of the most important recurring requirements are Annual Returns and Beneficial Ownership declarations. CIPC has … Read more
VAT Compliance in South Africa: What Businesses Need to Know Value-Added Tax (VAT) is an important compliance obligation for many South African businesses. Once a business is registered as a VAT vendor, VAT affects not only its SARS returns but also its invoicing, accounting records, expenses and day-to-day transactions. The standard VAT rate in South … Read more
Provisional Tax in South Africa: What You Need to Know Provisional tax is an important part of the South African income tax system, particularly for businesses, companies, trusts and individuals who receive income that is not fully subject to PAYE. Despite its name, provisional tax is not a separate tax. It is a method of … Read more