Author: Gavin Bacon

PATC Closure 2018

Closed on the 14th December 2018 from 12.00 for our Christmas function We will be closing at midday on the 21st December 2018 until Monday the 7th January 2019 for our Annual December Shutdown We take this opportunity to wish all our clients, friends and colleagues a joyous, festive and happy holidays. May Christmas bring…

PATC Closure 2017

OFFICE CLOSURE: PLEASE NOTE THAT OUR OFFICES WILL BE CLOSED FROM THE 22nd DECEMBER 2017 FOR OUR ANNUAL SHUTDOWN AND WE WILL RE-OPEN ON THE 8th JANUARY 2018. WE WISH YOU ALL A MERRY CHRISTMAS, A FABULOUS FESTIVE SEASON & EVERYTHING OF THE BEST FOR THE NEW YEAR  Kindly ensure that you contact us way before the…

SAIPA – National Conference in Cape Town

Gavin has recently attended the National Conference in Cape Town which was from the 19th to 21st Oct. Introduction: Surviving Beyond the Numbers SAIPA holds a National Conference every five years, giving members and stakeholders in the accounting industry the opportunity to come together and network, share knowledge and hear about updates in the industry. Click…

Income Tax Return 2017 Deadline

The deadline dates are as follows: 22 September 2017 for manually submitted returns; 24 November 2017 for returns submitted electronically at a SARS branch or via e-filling; or. 31 January 2018 for returns submitted by provisional taxpayers via e-filling. (remember the deadline of 31.1.2018 is only applicable for Provisional Taxpayers who are 100% up to date with everything) http://www.sars.gov.za/TaxTypes/PIT/Tax-Season/Pages/default.aspx http://www.pkf.co.za/news/2017/submit-your-2017-income-tax-return-submityourreturn-avoidpenalties/

TAX INVOICES

South Africa operates a VAT system whereby businesses (vendors) are allowed to deduct the VAT incurred on business expenses (input tax) from the VAT collected on the supplies made by the business (output tax). The most important document in such a system is the tax invoice. Without a proper tax invoice, a business cannot deduct…

SECURITIES TRANSFER TAX

What is it?  Securities Transfer Tax is levied on every transfer of a security and was implemented from 1 July 2008 under the Securities Transfer Tax Act, No. 25 of 2007, together with the Securities Transfer Tax Administration Act, No. 26 of 2007.