In 2020, The South African Revenue Service (SARS) started implementing the SARS auto-assessment system to simplify the tax filing process for individuals. This init

As the days get shorter and the temperatures continue to drop, there's another cold and dark season approaching that we need to prepare for – tax season! Luckily,

Regulations on taxes are continuously changing, and if you want to make sure you stay compliant, you need to stay updated on the latest developments. One such regula

Starting from January 1, 2024, the Research and Development (R&D) tax incentive is getting a slight makeover. These amendments aim to simplify the process, hopef

Research and Development (R&D) is a term used to describe the systematic activities companies undertake to innovate and introduce new products or services or to

Finance Minister Enoch Godongwana presented the 2024/2025 budget speech on 21 February 2024, setting the stage for a year filled with optimism. As long as you pair t

Everyone deserves a break. Especially when you are facing the daunting prospect of tax season around the corner, but fear not, for there's a silver lining called tax rebates! Essentially, these are

Section 13sex of the Income Tax Act outlines specific criteria and conditions for deductions related to new residential units and improvements. Taxpayers are present

As accountants and tax practitioners, we specialise in accounting, taxation, payroll, and related business financial management services and advice. However, I feel

Small business owners and trusts in South Africa need to acquaint themselves with a new concept called Beneficial Ownership. Join us as we take a closer look at wha

As the financial landscape evolves, so do the tax regulations governing taxpayers in South Africa. The 2024 tax season has brought with it significant changes that a

How we picked the best companies for audit services in Johannesburg:

1. Expertise – We chose companies that possess the experience and track record needed to get the

If you're a citizen who earns income from foreign sources, it's important to understand your tax obligations. Whether it's from employment, rental propert

Herewith is a short summary of the tax incentive programmes for renewable energy in South Africa, including solar panel rebates for individuals and businesses.

By understanding

As a freelancer or contract worker in South Africa, managing your finances can seem like a daunting task. After all, it’s unlikely that your field of expertise is

Digital accounting software has emerged as a powerful tool that simplifies financial management and improves overall efficiency. Boasting a wide range of features and functionalities, accounting so

The modern world moves at a staggering pace, and technology plays an increasingly important role in every aspect of our lives. Digital accounting is one such technology that has revolutionised the

The start of a new financial year should be an exciting time for businesses and individuals alike. However, for many, this is a stressful time where uncertainty looms over the coming year. With a n

As the end of the 2023 tax year draws closer, many companies and individuals scramble to get their affairs in order before the closing date. Ensuring that everything is ready for submission can be

Many small business owners are hesitant about approaching an accountant to manage their company’s financial affairs. This could be due to a number of reasons, but one of the most common issues is

Starting your own business is an exciting endeavour and one that comes with its own set of challenges. You might have an exceptional idea and a solid business plan but unfortunately, this does not

A business can only thrive when all its departments are functioning at optimal levels and hiring the right employees is an important step toward achieving this goal. Ensuring that all of your emplo

Most business owners are familiar with the concept of provisional tax, but many are still unsure about its implications.

Tax season is once again upon us and taxpayers are able to file their tax returns as of the 1st of July 2022. As is the case each year, the South African Revenue Service (SARS) has implemented a nu

The productivity and profitability of a company are often largely dependent on the effectiveness of the project management systems they have in place. Effective project management accounting enable

South Africa’s agricultural sector is exceptionally diverse and it plays a vital role in the growth of the country and its economy. Farmers are not only responsible for supplying the produce that

Anyone that has attempted to manage their personal finances or that of their business will be able to testify that this is quite a challenging undertaking. The various taxation laws in South Africa

In an ever-changing world, with constant advancements in technology, you have to be able to adapt if you wish to stay effective and efficient. Like many other occupations, accountants have had to e

We’ve probably all heard it said that small businesses are the backbone of any economy. These businesses often employ the majority of a country’s citizens and pro

As jy al ooit gewonder het waarop jou belasting betalings spandeer word is jy verseker nie alleen nie. Talle van ons het al gewonder of ons belasting vir die regte d

If you are starting a company in South Africa, one of the first things that you need to consider is which business structure will suit your endeavour best. Each business

There is still a lot of uncertainty surrounding the payment of crypto

Reduce your stress levels by trusting Booysen Accountants with all your accounting and taxation needs. As a business owner, you usually

The Covid-19 pandemic forced many companies to reevaluate the way that they do business, especially with regard to office space. Many employees have been encouraged to wo

With the first half of the year 2021 behind us, many South Africans are getting their financial affairs in order as the end of the tax season draws ever closer. For many individuals, the end of the

Starting from the 1st of March 2020, the South African Revenue Service (SARS) has implemented new tax legislation that is aimed at collecting taxes from South Africans that are employed abroad, par

In order for a business to operate optimally, an employer has to ensure that multiple departments are functioning effectively. As a business grows, the number of obligations it needs to meet increa

• The crypto rally is "getting very long in the tooth," Boris Schlossberg told CNBC.
• The BK Asset Management strategist said lots of bitcoin adoption was "gimmicky."
• Bitcoi

• Some taxpayers are receiving audit letters that demand information about their cryptocurrency holdings.
• SARS wants to crack down on undisclosed holdings this year.
• Popula

Finance minister Tito Mboweni has tabled the 2020 medium-term budget policy statement before parliament – revealing strained finances, with little room to manoeuvre through South Africa’s reces

SARS is making major changes to the tax season, here is what you need to know:

SARS recently announced the relevant dates in respect of the 2020 filing season for individuals. There are som

The UIF's scheme for special Covid-19 payouts - of up to R6,730 a month - has been unexpectedly extended until mid-August.
The so-called TERS payments were supposed to end after June.

• A recent high-court ruling found that taxpayers have to receive "sufficient" notice before SARS can instruct a bank to pay over an outstanding tax amount from one of its clients.
• S

After the interest rate announcement the biggest factor affecting consumers is the Budget speech by Tito Mboweni, minister of finance, which is expected on 26 February.

Lucie Villa, Moody�

Treasury warned that while South Africans have been hit with large tax hikes over recent years, even more taxes are being considered to boost the bare state coffers.

A widening tax shortfall is going to blow another hole in state finances – and ultimately leave ordinary people poorer.

Every tax year since April 2014, Sars has fallen short of the tax c

Minister of Finance Tito Mboweni has credited the the Office of the Tax Ombud (OTO) with having been “exemplary in delivering a much-needed service to taxpayers” that provides a “free, indepe

Access to finance is one of the biggest concerns for most start-ups and when founders, directors or employees acquire shares or own shares in the company they need to be careful, as it could lead t

NOMPU SIZIBA: The South African Revenue Service updated the finance committee in parliament on its annual report today, Wednesday. The institution lost its way in recent years, los