News
How working from home can benefit you in the 2021 tax season Amidst the ongoing global pandemic, the South African Revenue Service (SARS) has furthermore recently announced that employees who work from home can claim home office costs and tax deductions. This as a number of major South African corporates have informed their employees that …
At the commencement of the nationwide lockdown, SARS announced PAYE deferred payment plans, to aid small businesses with their cash flow due to their closure under the government’s regulations. Below, please find details on the repayment schedule that SARS has issued: How will businesses know how much should be repaid: After the 7th of August …
REPAYMENT OF THE COVID-19 PAYE DEFERRED PAYMENT RELIEF Read More »
Tax season is around the corner… While South African authorities battle to contain the surge of coronavirus infections, the South African Revenue Service (SARS) is preparing to process annual tax returns in unprecedented circumstances. This year, tax returns will arguably be complicated by the ongoing national lockdown and will only kick off in September, instead …
WHAT YOU NEED TO KNOW ABOUT YOUR 2020 INCOME TAX RETURN Read More »
South Africans and businesses across the country are looking forward to the beginning of June when lockdown regulations are eased. While the threat of Covid-19 remains, the eased regulations will hopefully bring about a much-needed cash flow injection to businesses, as well as allowing people to return to their jobs and earn salaries. We here …
LESS INTEREST, MORE UIF-YOUR WEEKLY CORONAVIRUS UPDATE Read More »
A lot has changed in the weeks since President Cyril Ramaphosa announced a nationwide lockdown. The old way of doing things have in many cases been permanently disrupted, while new business cases and opportunities have appeared. In a bid to help you make sense of this changing world, The Beancounter compiles this weekly update to …
In the seven weeks since South Africa announced a national lockdown, businesses across the country embraced the challenge to adapt to a new reality.Many businesses have moved their operations online, embraced e-commerce, and changed operating behaviours which will likely have a lasting impact long after the virus has been defeated.And in many instances, businesses have …
Companies and small businesses in South Africa and around the world have been forced to adapt to the ever-changing operating environment around Covid-19, and restrictions in place to slow down the spread of the virus. In a bid to help local companies adjust to this new reality, and be fit for purpose post-Covid-19, The Beancounter …
We’ve put together a simple cash flow monitoring tool to stay on top of your cash position. This template was created by The Beancounter for all small businesses to use free of charge. If you are a client of The Beancounter and need any additional support, please contact your account manager who will assist at …
A little more than a month ago, President Cyril Ramaphosa announced a nationwide lockdown that will redefine the way we do business for years to come. For many, the time has been marked by uncertainty as small businesses were forced to close their doors, or change their operating models to adjust to the new reality. …
Just like that – we’re through the first month of 2019. SARS leaves us no choice but to get back into the full swing of things. All companies with a February year-end need to submit their second provisional tax returns at the end of this month. In this post, we summarise what you need to …
