As the year gets underway, I want to personally let you know that the entire PATC team is fully operational, connected and ready to assist you. Whether you need help with Accounting, Bookkeeping, Tax, Payroll or anything SARS related, everything is running smoothly through our digital and remote systems. You can contact us by email,…
Running a small business in South Africa is not easy. Cash flow equipment costs and rising input prices can make it hard to grow even when you have a solid client base and good ideas. The Department of Small Business Development has re launched the Asset Assist Programme which gives qualifying businesses a chance to…
The festive season is approaching, and with it comes the temptation to put administrative tasks on hold. But for anyone registered as a provisional taxpayer in South Africa, there’s a critical date that demands attention: the provisional taxpayer deadline of 19 January 2026. This is your final opportunity to file income tax returns for the…
SARS Expedited Tax Debt Compromise: A Lifeline for SA Businesses In a significant development for South African businesses, the South African Revenue Service (SARS) has announced an expedited process for tax debt compromise. This initiative offers a crucial opportunity for companies with outstanding tax debts to find a resolution and regain financial stability. At PATC,…
SARS Sets Sights on Social Media Influencers Written by Rejoice Makotose In a move prompting discussions across the digital landscape, the topic of influencer tax in South Africa has become critical. The South African Revenue Service (SARS) has officially expanded its taxpayer model to include social media creators. This means every resident earning an income…
Tax Court Member Reappointment Professional Accountants and Tax Consultants (PATC) is proud to announce the reappointment of Gavin Bacon as an accountant member of the Tax Court of South Africa. This prestigious appointment was recently made on the 4th of January 2023. Gavin is no stranger to the Tax Court having been a previous Commercial…
While working remotely has become a norm for many companies it does come with certain complications such as a scattered workforce and its various tax implications. While many offices are equipped to help employees work efficiently, working from home for long periods of time can become challenging, the need for equipment and supplies therefore becomes…
In general, engagements to issue a report on financial statements should be performed in terms of relevant statutory requirements, common law requirements related to professional competence, due care and a code of conduct issued by a professional body. A report may only be issued once all the above requirements are met. The duties of accounting…
What Is a Shareholders Agreement? A shareholders agreement is an agreement between the owners of a company setting out how they are going to run the company together. Now Read Debt Relief Finance Scheme: SMME Development Dept.
As you by now know – clients can claim from TERS (UIF). However, more lenient coverage has come about with effect from 30.4.2020 and was broadcast by SAIPA today. Click here and here to download and read the documents for more specific information.
