How to improve the cash flow management of South African SMEs

Vidyanth Bhola, CEO of VHA Accounting Solutions, shares insights with Sipha Ndawonde, Head of Africa Operations at Kolleno, on how to improve the cash flow management of South African SMEs in these unprecedented times. Key takeaways: Rising borrowing costs are creating significant pressure on SMEs in South Africa and globally South African SMEs are forced […]

PAYE and non-residents

Employment income is generally taxed where the services are physically exercised. The place of contract conclusion, where the employer is based and where the remuneration is paid is irrelevant in determining the taxation of employment income. This principle is supported by South African legislation and case law.  Income earned from South African employers for services […]

Can SARS correct my assessment?

A taxpayer who is aggrieved by an assessment or decision of SARS against that taxpayer has the right to dispute that assessment or decision. If an original assessment has not been issued, SARS may request a taxpayer to submit an amended return to correct an undisputed error made in the prior return. In the case […]

What to do after discovering fraud in your business

Anyone who’s ever had the misfortune to fall prey to credit card fraud, knows that it’s a huge hassle. If you’re running a business, you should be aware that your business may be at an even greater risk of having its financial data compromised, which can have much more serious implications compared to that of […]

Reach your full financial potential through Xero

month you face hundreds, or even thousands, of transactions in your business. The more transactions are involved, the more financial information needs to be recorded and used to inform the decisions that define your business’s future.

What can a tax-savvy strategy do for you?

Every year countless individuals and businesses go through the same exercise. They submit their relevant tax forms, documents, and returns with very little forethought… just to repeat the process in six months or a year down the line.

National Budget Speech 2022 Summary

IT’S TIME TO REBUILD, TOGETHER.“We need to strike a critical balance between saving lives and livelihoods, while supporting inclusive growth. This budget presents this balance.” The 2022 Budget Speech took a positive turn (for the most part), as Finance Minister Enoch Godongwana delivered his maiden National Budget Address on 23 February 2022. On Wednesday, Minister […]