Old computers
Windows XP was recently been made redundant. So there will no longer be security updates on the software. This has put bit of a damper on expectations of whether Microsoft can provide a long term …
Reform Audit Support System – Update
The Reform Audit Support System has had significant changes in the last few months. These changes will impact the attorneys in KwaZulu-Natal with increased audit costs. In the past year we have seen the Reform …
Budget Speech 2014
The Budget Speech 2014, by Finance Minister Pravine Gordhan, was presented under easing global economic pressure, but on the back of a weakening Rand due to the dollar strengthening in the global recovery. South Africa …
Trading stock inclusion in income when applied, distributed or disposed of otherwise than in the ordinary course of trade
Have you used trading stock for personal use or changed it to use as a business asset. Have a read of this SARS interpretation note: No 65, to find out more information on how to …
Employment Tax Incentive – South Africa
Once again the draft Employment Tax Incentive Bill has been tabled. The bill proposes tax relief to the employee. This is expected to pass on to the employer by reducing the effective cost to company, …
Business Soul Cares – Ndabezinhle Creche
Ndabezinhle Creche holds a special place in the heart of Business Soul Accounting cc. We have been supporting the creche as a part of our social upliftment ‘Business Soul Cares’ program. Education is important to …
Payroll Reconciliation
Are you having difficulty with preparing your EMP501 payroll reconciliation? Each year there are changes in the program. Are you confused and cannot get it to work the way you want? We wrote a blog …
Provisional Tax 2014-1
Following on from our last blog on Provisional Tax. The next deadline for provisional tax is just around the corner. How profitable is your business this year? Preparing your provisional tax return is a good …
Withholding Tax
What is withholding tax? Withholding tax, also know as non-residents tax or retention tax, is defined by the nature of the tax. Governments require the bank or the payer of the funds, the withholding agent, …
Legalsuite Spotlight on Business Soul Accounting
We take a break from putting our attorneys under the spotlight and give a long suffering (13 years) Accountant a chance to shine…Legalsuite Spotlight on Business Soul Accounting”
