Summary: The 2026 interim EMP501 reconciliation covers payroll from 1 March to 31 August 2026 and is due by 31 October 2026. Whether you’re racing the deadline or have already missed it, an accurate submission protects both your business and your employees. An unbalanced or late EMP501 can trigger SARS penalties, interest on underpaid PAYE,…
Category: Accounting and Tax Blogs
Missed the SARS Tax Return Deadline? Here’s How to Get Back on Track Fast
Summary: The 23 October 2026 deadline for non-provisional individuals has passed, but an outstanding ITR12 can, and should, still be submitted. Acting quickly limits your exposure and puts you back in control of your SARS profile. Leaving a required return outstanding can lead to monthly administrative penalties, interest on unpaid tax and a non-compliant tax…
Business Deductions You Can Write Off. What SARS Says.
Running a business in South Africa is no small feat — between clients, invoices, and keeping your head above water, there’s a question that almost every entrepreneur asks at some point: “Can I write this off as a business deduction?” The answer? It depends. SARS allows quite a few deductions for registered businesses and sole…
Why SARS Will Always Win
Let me be honest with you. If you’re running a business, freelancing, or juggling multiple income streams, SARS will always win — unless you do something about it. It’s not a threat. It’s just how the system works. I’ve seen it too many times: The penalty letters The missed deadlines The interest snowball The…
Gambling in South Africa: Tax Implications You Need to Know
With tax season underway in South Africa, many people are asking: what happens if you win big through gambling? Do you need to declare your winnings, and what are the risks if you don’t? Here’s a quick guide to help you understand what SARS expects, when gambling is taxable, and how to stay compliant while…
Submit Tax Returns in South Africa – Why It’s a Serious Offence
Failing to submit tax returns in South Africa is a legal offence – even if all your taxes have already been paid. In recent weeks, South African media has been buzzing about a high-profile case where a well-known individual was fined for failing to submit tax returns. While the headlines may seem sensational, the underlying issue…
Provisional Tax in South Africa 2025
Preparing for the 2025 provisional tax season in South Africa can feel overwhelming—especially if you’re new to the process or your income fluctuates throughout the year. With so many rules and deadlines, it’s reassuring to know that PATC, your trusted tax specialists, are here to guide you every step of the way. If you’re looking…
2025 Tax Filing Season: Key Dates and Deadlines You Cannot Miss
The 2025 tax filing season has officially opened, and staying on top of the important dates is crucial for successful tax compliance. SARS announced that the 2025 Filing Season is effective from 7 July 2025 to 20 October 2025, with different deadlines for various taxpayer categories. Critical 2025 Tax Filing Season Dates at a Glance…
SARS to Introduce Mandatory E-Invoicing by 2028
The South African Revenue Service (SARS) has announced that electronic invoicing (e-invoicing) will become mandatory by 2028. This change is part of their ongoing VAT modernisation strategy – and it will have a big impact on how businesses handle their invoices and tax reporting. What is E-Invoicing? E-invoicing is a digital way of sending and…
Bookkeeping Best Practices for the New Financial Year
As we step into the new financial year, it’s the perfect time to get your books in order. Whether you’re running a small business or managing personal finances, good bookkeeping habits are essential. Let’s walk through a few best practices that will help you stay organised, stay compliant, and set yourself up for financial success…
