Tax

Tax

2026 Tax Season Opens: Experience the Power of Done

SARS’s “The Power of Done” campaign promotes seamless, digital tax compliance for Tax Filing Season 2026. The season officially opens on 13 July, although auto-assessed taxpayers will receive notifications from 1 to 12 July. Find out here what the deadlines are, which apply to you, how to “experience The Power of Done”, and what to do if you are auto-assessed (and if not). Hot Tip: For a hassle-free Tax Filing Season 2026, simply rely on our expertise.

2026 Tax Season Opens: Experience the Power of Done Read Post »

Tax, Trusts

Non-Compliant Trust? Penalties are Piling up…

This tax season marks an important shift for trusts, which are now subject to heightened reporting requirements, regardless of activity, as well as automated penalties for non-compliance starting on 4 May 2026.
If you have a non-compliant trust, even if it is inactive, please speak to us. SARS has taken a zero-tolerance approach to trust compliance, increasing scrutiny of trust administration and automatically applying ongoing penalties and interest that can rapidly accumulate.

Non-Compliant Trust? Penalties are Piling up… Read Post »

Business, Tax

Selling Your Business to Retire? Get This Tax Relief!

If you’re a small business owner aged 55 or older, the 2026 Budget contained some very good news. Not only has the CGT exemption on the sale of small business by older persons been increased, but the definition of “small business” has also been expanded.
This could make a big difference to your retirement situation, not to mention the future of your business. Find out here what the new limits and conditions are, and how they might affect the decision and timing of a business sale.

Selling Your Business to Retire? Get This Tax Relief! Read Post »

Tax

Annual Employer Tax Recon Due End May  

The Annual Employer Reconciliation Declaration (EMP501) remains a focus area for SARS. Employers have until the end of May to submit their declarations for the period 1 March 2025 to 28 February 2026.
We invite you to rely on our expertise to ensure compliance with this legal requirement, as submitting incorrect or incomplete declarations (or missing the deadline) will cause additional work, penalties, delays and hassles for you and your employees.

Annual Employer Tax Recon Due End May   Read Post »

Business, Tax

When Growth Is a Tax Problem

Growth feels like progress. Sales increase, staff numbers rise, and profit improves. Yet each of these shifts changes your tax position. Here we examine how business expansion can trigger VAT obligations, higher provisional tax payments, payroll risk, structural strain, and cash flow pressure. Then we discuss what small business owners should address before growth creates avoidable tax exposure.

When Growth Is a Tax Problem Read Post »

Tax

New VAT Thresholds: Thinking of Deregistering?

The recent increases in the compulsory VAT registration threshold to R2.3 million and in the voluntary registration threshold to R120,000 are widely welcomed. It will certainly ease the administrative burden on small businesses and the strain on their cash flow. Businesses that do not exceed the higher threshold on 1 April 2026 may apply to deregister for VAT. But be certain to rely on our expertise when making this decision, as it’s fraught with potentially costly consequences.

New VAT Thresholds: Thinking of Deregistering? Read Post »

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