The Unemployment Insurance Fund (UIF) have announced that if your business was one of the many that applied for and benefitted from COVID-19 relief this year through The Temporary Employer-Employee Relief Scheme (TERS), your business will be audited. Business Tech reported on 30th November that companies that received money through TERS will be audited by forensic […]
Is tax an issue that concerns you as a small business owner? Even if it is, tax compliance, especially in the times of Corona, can be easily and mistakenly overlooked especially when other operating challenges such as staff, marketing and sales issues arise. However, owners should be aware that when it comes to tax, overlooking […]
A second report on the investigation into systemic issues at the South African Revenue Service (Sars) has been released by Tax Ombud Judge Bernard Ngoepe. Complaints received by the Office of the Tax Ombud by taxpayers, tax practitioners and recognised controlling bodies highlighted a combination of factors that are reported by Barbara Curson from moneyweb.co.za. […]
Dear valued member HOW TO DEAL WITH TAX OF TERS BENEFITS We have received numerous queries with regards to the tax implications of TERS benefits and are aware of the uncertainty relating thereto. We hope this short newsflash will provide the necessary clarity. It is important to note that the employee is the beneficiary of […]
