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Can Project Management Accounting Improve The Way You Do Business?
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

Focus on Farming - Effective Tax Solutions for the Agricultural Sector
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

Booysen Accountants: Your Professional Partner
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

Booysen Accountants - Accounting in the Digital Age
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

Tax Incentives for Small Business Corporations (SBC) in South Africa
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

Die Belastingvoordeel van Skenkings aan ‘n Openbare Weldaadsorganisasie
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

A Closer Look at The Different Business Structures in South Africa
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

Crypto Tax Explained: How to Ensure Compliance
There is still a lot of uncertainty surrounding the payment of crypto

What is an EMP501? - Employer Reconciliation Explained
Reduce your stress levels by trusting Booysen Accountants with all your accounting and taxation needs. As a business owner, you usually

Personal Income Tax Explained - Home Office Expense Claims
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

Personal Income Tax Explained - Booysen Accountants
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

Tax Implications For South-African Expats
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

The Advantages of Outsourcing Payroll
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 bitcoin rally is very near the top and companies are being 'gimmicky' in adopting crypto, a currency strategist says
- 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

SARS is cracking down on cryptocurrency owners. Here's what you need to know
- Some taxpayers are receiving audit letters that demand information about their cryptocurrency holdings.
- SARS wants to crack down on undisclosed holdings this year.
- Popula

South Africa’s 2020 medium-term budget in a nutshell
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 Information
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

UIF Covid-19 payouts have been extended into August
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.

SARS can’t just order a bank to pay over your tax debt, court rules
- 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

The Budget could bring new taxes
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

South Africans may be hit with extra taxes next year - Treasury
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.

Sars is set to be R215 billion short by the end of this tax year – here are six ways that will make you poorer
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

Tax Ombud provides exemplary service to taxpayers
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

Be aware of the tax treatment on restricted shares
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

Sars rebuilding a ‘game of inches’
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

Taxation of Farmers
The intention to farm along with generating profit prospects and the usage of assets are considered to be the requirements for the title of farming income.