Monthly Archives: May 2015

PROOF REQUIRED FOR INCOME TAX RETURNS – INDIVIDUALS

Following the conclusion of the tax year on 28 February 2015 documents are issued to you that must be retained for tax purposes. The following documents should, if applicable, be submitted to the accountant who completes your tax return and should be … Continue reading

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BASIC REGISTRATIONS AND COMPLIANCE FOR BUSINESSES

It is a challenge for any business in South Africa to stay abreast of all registrations and compliance prescribed by law and other regulations. Following is a summary of the most common registrations and compliance applicable to most businesses. Annual … Continue reading

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SARS VAT REVIEWS AND AUDITS

It has become a common occurrence for vendors to receive a notice for a VAT review from SARS, which requires the vendor to submit supporting documentation in respect of a specific VAT201 return within 21 days. If the vendor fails … Continue reading

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SHOULD I DRAFT A WILL?

A mother who has always wanted her daughter to inherit her diamond engagement ring may never get her wish if she dies without leaving a valid written will. The mother’s estate would then be distributed in terms of the Intestate … Continue reading

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