Managing a business involves a lot of responsibilities, with payroll management being one of the most critical. Understanding the intricacies of the payroll system in South Africa is essential for compliance and smooth operations, whether you're a startup or a seasoned business operator.

Here's a simplified breakdown of the payroll process.

As the start of a new tax year approaches, it’s time to shift our focus towards effective tax planning and ensuring a smooth filing process when the time comes.

For South African taxpayers, this means being proactive about retirement annuity contributions and keeping track of important documents as well as remembering to track your travel if you receive a travel allowance.

With filing season typically kicking off in July, now is the perfect time to get organised and stay ahead of the game.

I thought it would be nice to write about something other than tax and year-ends. Yes, they’re important, and yes I’ll continue to write about them, but a change, they say, is as good as a rest. (Personally, I’m not sure about that, but whatevs…)

As thoroughly modern accountants we have wholeheartedly embraced technology, you may have noticed this! In addition to our client-facing systems we use technology ourselves to stay on top of our business.

As the year progresses and you contemplate ways to reward the dedication and hard work of your teams (and perhaps yourselves as directors), gift vouchers emerge as a popular and appreciated token of gratitude.

However, your largesse should also be tempered with an understanding of the tax implications such gestures carry, especially under the regulations of SARS. This guide aims to shed light on these implications, ensuring that your acts of appreciation are both generous and tax compliant 😆.