SARS AI Audits: Why Your Accounting Partner is Your Best Defence
South African taxation has undergone a significant digital shift. As we move through 2026, the South African Revenue Service (SARS) has firmly adopted a data-driven, risk-based approach to compliance, often described as “compliance by design.” The days of random spot-checks have been replaced by automated systems that analyse taxpayer information in real-time. SARS now relies […]
Double Tax Agreements and Pensions: When Paying Tax Twice Becomes a Reality
As the global workforce becomes increasingly mobile and retirees seek out international destinations for their golden years, the issue of cross-border taxation has grown in importance. One of the most critical tools in managing international tax burdens is the Double Tax Agreement (DTA) – especially in the context of pensions. What is a DTA? A […]
Mid-Year Payroll Checks — Setting Up a Smooth EMP501 Season
For South African employers, the EMP501 interim reconciliation is usually due between mid-September and late October, covering payroll from March to August. Submitting late or with errors can lead to penalties, delays, and SARS queries that take time and energy to resolve. Many businesses only start reviewing payroll when the deadline approaches. By then, six […]
VAT and the Export of Second-Hand Goods
When second-hand goods such as vehicles, machinery, or artworks are bought and exported from South Africa, the VAT implications depend on several factors, in particular, whether notional input tax has been claimed, and who is responsible for the export. Understanding these distinctions is critical for vendors and purchasers to ensure full compliance with the Value-Added […]
How to Make Sure Your Cash Works Harder Than Your Cost of Capital
In South Africa’s current economic climate, treasury management is no longer just about keeping the lights on and ensuring liquidity. It’s about making sure every rand of cash, especially idle or excess cash, earns a return that meets or exceeds the company’s cost of capital. If it doesn’t, the business is quietly losing value. This […]
What Tax-Neutral Reorganisations (Sections 42–47) Really Mean
Restructuring a business, whether merging entities, shifting assets, separating divisions, onboarding investors, or strengthening risk protection, usually comes with significant tax consequences. Transfers of assets such as shares, property, intellectual property, or business operations would, under normal circumstances, trigger capital gains tax, income tax, VAT, and other tax charges. To support legitimate corporate reorganisations, South […]
Why Topping Up Your Retirement Annuity Before 28 February Makes Financial Sense
The 2026 tax year for individual taxpayers is closing on 28 February, and many taxpayers look for legitimate and effective ways to reduce their tax liability while building long-term financial security. One of the most powerful tools available is topping up your retirement annuity (RA) in January or February, before the end of the tax […]
Smart Approaches to Trading Stock Valuation
GAAP / IFRS determines the accounting treatment, with tax largely following suit. Valuing your trading stock, also known as inventory, is a critical aspect of financial accounting and business management—not to mention tax compliance. Accurate valuation of inventory ensures that a company’s financial statements present a true and fair view of its financial position, directly […]
Transform Your Tax Compliance with Intelligent Automation
Tax compliance has evolved into a year-round responsibility. As SARS continues to expand its use of automated verification, data analytics, and AI-driven matching, businesses can no longer rely on last-minute submissions or outdated processes. Even small oversights, like an incorrect figure, a late submission, or an incomplete schedule, carry significant consequences. But the issue is […]
Set-Off of Assessed Losses, and Ring-Fencing
Unless you’re at the 45% marginal tax rate, most losses can be set off against other income. If a person is not at the maximum marginal tax rate, can they opt to have their taxable loss from their sideline business, e.g. bookkeeping, offset against the taxable income from normal employment (on which they pay PAYE) […]