Outstanding Tax Debt? SARS’ Expedited Debt Compromise Ends 31 December 2025

To offer taxpayers a way to settle outstanding tax debt swiftly and to regularise their tax affairs on more favourable terms, SARS has launched an expedited tax debt compromise process.

NPO? NGO? NPC? PBO? What’s the Difference Anyway?

Helping others should be the simplest thing in the world, but the truth is there’s a lot more red tape than you might expect. You’re just trying to run a community project, but then you’re told you need to register as an NPO, but everyone’s calling you an NGO, your accountant says it might help to become an NPC and your donors are asking if you’re a PBO.

R&R for Better Business Performance? Here’s how…

Finding time to relax is difficult in today’s fast-paced business world. Taking leave over the holidays may seem like a luxury, a weakness, or even an impossibility.

Companies and Intellectual Property Commission (CIPC) updates

1. Compliance Crackdown Intensifies

South African Revenue Service (SARS) updates

1. Tax Statistics and Revenue Performance

COP30: Key Outcomes from the Amazon Summit

The 30th UN Climate Change Conference (COP30), held in Belém, Brazil, was billed as the “Implementation COP,” aiming to turn climate pledges into action. While progress was made on several fronts, the summit exposed deep divides on critical issues.

How SMEs Can Incorporate Forest Bathing into Strategy Sessions

Small and medium-sized enterprises (SMEs) often face intense pressure to innovate and make decisions quickly. Yet, the traditional boardroom setting can stifle creativity and well-being. Enter forest bathing—a Japanese practice known as shinrin-yoku—which involves immersing oneself in a natural environment to reduce stress and enhance mental clarity. Integrating this into strategy sessions can transform how teams think and collaborate.

Tax changes could hit ordinary South Africans hard

South African taxpayers are in for a few unpleasant surprises if the proposed 2025 Draft Taxation Laws Amendment Bill becomes law. Released by National Treasury and SARS in August, the draft legislation aims to close loopholes and broaden the tax base—but critics warn that it could erode savings and increase costs for ordinary citizens.

Understanding the Office of the Tax Ombud: Your Advocate for Fair Tax Administration

For many South Africans, dealing with the South African Revenue Service (SARS) can be a daunting experience, especially when disputes arise over tax matters. While SARS is mandated to collect revenue efficiently and fairly, there are times when taxpayers feel aggrieved by administrative delays, poor service, or procedural errors.

How Your Payment Terms Could be Damaging Your Business

Extending payment terms to 30, 60 or 90 days may feel like a smart business decision – but beneath the surface these terms could be draining your company more than you realise.

Time Is Money: 8 Timesaving Tips Every Business Leader Should Utilise

Leading a business is time-consuming. There are myriad distractions vying to take your attention away from your core role of growing the business.

Surviving Trust Tax Season 2025 – And Beyond

Trust Tax Season 2025 opened in September and SARS has already issued reminders to trustees that all trusts, including those that are not economically active, must file a tax return before 19 January 2026.

Your Year-End Business Checklist: 10 Essential Tasks

The end of the year is the perfect time to wrap up loose ends, assess your business's performance, and prepare for a successful year ahead.

Scam Alert: Beware of “Final Demand – Debt Management” Letter

Taxpayers should be alert to a rising phishing threat - fraudsters are sending out fake PDF letters with subjects such as “LEGAL RULING SUMMON DEMAND AS AT 21 10 2025” (though the subject line may vary).

SARS Expands Oversight of Crypto Transactions

South Africa’s tax authorities are preparing to implement new reporting standards that will bring cryptocurrency transactions squarely within the formal tax net. The South African Revenue Service (SARS) has released draft regulations to adopt the Crypto-Asset Reporting Framework (CARF), developed by the Organisation for Economic Co-operation and Development (OECD), alongside updates to the Common Reporting Standard (CRS).

South Africa’s Medium-Term Budget Tabled for 12 November: What to Expect

Finance Minister Enoch Godongwana will deliver South Africa’s Medium-Term Budget Policy Statement (MTBPS) on 12 November, outlining the government’s fiscal and economic plans for the next three years. Often referred to as the “mini-budget,” the MTBPS provides a crucial update between February’s main Budget speeches, setting the tone for spending, borrowing, and reform priorities.

King V: A New Era for Corporate Governance in South Africa

The forthcoming King V Code of Corporate Governance marks a major milestone in South Africa’s governance landscape. Developed under the auspices of the Institute of Directors in South Africa (IoDSA), King V is set to launch on 31 October 2025, following a national consultation process earlier this year. The draft was released for public comment on 24 February 2025, with submissions closing on 4 April 2025.

Management Accounts: A Strategic Tool for Business Success

Up-to-date management accounts can track performance, reveal trends and highlight opportunities, ultimately enabling better decisions and stronger growth.

Adapt or Suffer: How to Keep Your Business Afloat in a Changing Climate

Climate change is real, and failing to prepare is guaranteed to have devastating consequences. According to the World Economic Forum, climate-related risks are now ranked among the most severe global threats to business stability, and every business will need to take steps to minimise the impact.

Salary Sacrifice: Why Founders Should Always Pay Themselves

Many founders believe that sacrificing their own salary is a noble way to keep the lights on.

This Halloween, Stay Safe From eFiling Profile Hijackings

Treasury Eyes Foreign Pensions: What It Means for Retirees

Recent proposals from the National Treasury suggest a major shift in how foreign pensions and retirement benefits are taxed in South Africa. Currently, under Section 10(1)(gC) of the Income Tax Act, lump sums, pensions and annuities from foreign sources tied to past employment are exempt from income tax for South African residents.

VAT Modernisation SA: Guiding Businesses Through South Africa’s Real-Time VAT Transition

South Africa is on the path to a real-time VAT reporting system, with full implementation expected by 2028. This will see a shift away from periodic self-reporting toward e-invoicing and direct, automated data transmission to SARS.