History of Value-Added Tax Value-added tax (VAT) was introduced in South Africa on 29th September 1991 to replace General Sales Tax (GST) as an indirect system of taxation. It is levied in terms of the Value-Added Tax Act 89 of 1991. The South African Value-Added Tax Act makes allowance for exemptions, exceptions, deductions and adjustments …
Are you spending too much time on the admin aspects of your business? You could be using this time to grow your business by communicating with your clients or researching new ventures that could ensure more profit. As a business owner, you know that good accounting is one of the essential foundations that you need …
8 Reasons Why You Should Outsource Your Accounting Services Read More »
Tax payers in our country often don’t know what the different types of tax are. Do you? Did you know that the profits of all businesses which operate in South Africa are taxable. As a business owner, you are responsible for filing your annual income tax returns with the South African Revenue Service. For individuals …
10 Types Of Tax In South Africa, Do You Know The Difference? Read More »
So, you’ve been seeing lots of accounting software all over the inter-web lately. We have also noticed the huge changes in accounting operations. Why all the fuss, suddenly? Well, these changes come from growth in accounting technology and artificial intelligence.
