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From monthly archives: May 2023

We are pleased to present below all posts archived in 'May 2023'. If you still can't find what you are looking for, try using the search box.

The Crucial Step: Submitting Your EMP501 to SARS for Compliance

In the world of business, compliance is a fundamental aspect that cannot be ignored. Among the many compliance requirements, one significant responsibility for employers is submitting the EMP501 return to the South African Revenue Service (SARS). This process involves the accurate reporting of employee information, payroll details, and financial statements. While it may seem like just another administrative task, the importance of submitting the EMP501 cannot be overstated. In this article, we delve into the significance of this compliance matter and highlight the key components that make it crucial for every organization

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International Transfer (AIT) Application

SARS has introduced an enhanced compliance system change in relation to the current tax clearance status (TCS) required for the transfer of funds by a taxpayer intending to make use of their foreign investment allowance (FIA) of up to R10 million per calendar year. It has been noted the effective date of this change is 24 April 2023.

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Annual Financial Statements (AFS) 2023

Annual Financial Statements (AFS) 2023

Annual Financial statements report the financial position and performance of the entity for a specified period of 12 months

Get your 2023 Annual Financial Statements prepared professionally

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