It involves an employer submitting an accurate reconciled Employer Reconciliation Declaration (EMP501) with corresponding Employee Tax Certificates [IRP5/IT3(a)s] (Including EMP601).
Commercial Property / Offices for Sale in Pinetown
Awesome, newly refurbished office block, located in side street but close to hub of Pinetown. Fully let with 3 – 5 years leases, all with renew options. Superb return on investment. End users also welcome as tenants can vacate by mutual agreement. Measuring 458m2 and set on a 1200m2 land. Rates are very reasonable. Many windows allow for plentiful natural light. Modern design and tastefully decorated throughout. On-site and secure parking allows for 16/18 vehicles. Perimeter fenced with automated access, security doors and CCTV. Fully air-conditioned. Pre-paid Electricity. New carpets and light fittings. FIBRE connected!
Recognising his vast experience and Tax Degree, The Office of the Registrar for the Republic of South Africa have appointed Gavin for a period of five years.
Gavin was honoured to accept the appointment.
Do you own your own small business? Do you have a plan in place if you die while you are still running it? Because none of us know when life will change, it is important to put in place a formal estate plan as soon as possible. If you don’t, you run the risk of leaving your family, employees, and any other dependants without clear instructions, potentially destroying the business you worked so hard to build.
Does your business pay bonuses? Do your employees expect you to give them a little something extra at the end of the year or for a job well done? (more…)
Are you self-employed, a contractor, a freelancer, or a budding entrepreneur who is proudly boss-free? No matter how you do it, if you earn an income, you legally need to pay income tax. Not sure how to go about this? Read on… (more…)
With the 2011 change in the Companies Act, 80 to 90% of companies in South Africa, namely PTY Ltds, do not require an annual audit. Rather the new Act allows for an independent review – an alternative form of ‘auditing’ a company’s financial statements. Will a review do for your company? Or would an annual audit mean much more? (more…)
Every income earning individual needs to have a financial plan – this will ensure that your money and lifestyle is protected. However, it might surprise you to know that women have different financial planning needs to men, even if they need similar financial products. Do you know how best to plan your finances as a woman?
Just starting out in a new business? To make sure your business runs efficiently, you need to familiarise yourself with a number of accounting terms and understand how these are used (by yourself as a business owner and your accountant) in your financial records. (more…)
Income tax is the money paid to the government through SARS from the personal wages of working individuals. This money is used to help fund community projects such as government hospitals and roads. Once you are registered with the South African Revenue Services (SARS) as a taxpayer, the amount of tax you pay depends on:
- how much you earn
- your age (whether you’re under 65 or over 65)
- if you’re a member of a pension fund or pay towards a retirement annuity fund