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5 Clever Tax Tips and loopholes :

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2017-02-15

Fraudcheck screens the personal information that you provide against data obtained from our Verification Partners for that particular person.

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2016-08-04

You’ve just landed what should hopefully be your dream job and your new employer has provided you with your employment contract to sign. You want to sign, make it official and celebrate but you are worried that you may be missing something important. What are the key aspects you should be looking for in your employment contract?

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2016-05-04

Accountants, test drive Abacus Payroll Professional Edition absolutely free, until February 2016.

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2016-01-12

You don't have to stop doing business during load shedding. We have affordable backup power solutions for your business and home. For more information and advice, please contact Shaun at info@abacuspayroll.co.za

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2015-05-29

We are fast approaching the financial year end and at this stage is seems certain that Finance Minister Nhlanhla Nene will announce tax increases in his upcoming National Budget Speech on 25 February.

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2015-02-12

Abacus Payroll Software advertisement in the Restaurant Association of South Africa's 2014 Suppliers Directory.

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2014-11-21

Abacus Payroll invites all our clients to complete our online Client Survey. It is a quick and easy-to-use platform, where clients can rate their experience with our product and services. The survey is a tool that will provide us with the straight-forward and honest analysis of our clients' sentiments that will help us hone our services and the quality of our product.
 

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2014-08-27

In a recent statement, the SA Revenue Service urged both individuals and businesses to be vigilant about fraud and phishing scams. SARS, SA financial institutions and security firms report that the incidence of such fraudulent activities increase during the annual tax filing season, and despite repetitive warnings about these schemes, many people still fall victim to these schemes.

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2014-07-31

… lightweight and fast, ideal for quick, regular preventative maintenance
… allows you to safely clean and repair registry problems in a few simple mouse clicks.
… a handy cleanup and optimization tool for the Windows Registry – a key element in your system.

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2014-07-17

We all embrace the opportunity to save our companies some money. The Employment Tax Initiative (ETI) has therefor been a welcome introduction for SMEs and much has been said and written about the topic in recent times.

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2014-06-16

SARS has taken a real interest in how Travel Allowances are managed and to what extend substantiating data is available for auditing. A good way for employers to maintain comprehensive records is to create a monthly management statement for travel allowances where the following is addressed:
   - Number of kilometres travelled
   - Categorising Business & Private trips
   - The final kilometre reading each month
   - Total associated expenses: Fuel & Maintenance

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2014-06-11

Presenting employees with a basic payslip is probably the simplest, yet most neglected aspect of payroll compliance. While the importance of accurate and on-time payment of salaries and taxes is generally accepted, many employers fail to provide employees with the legally required information that should accompany each payment made to an employee.

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2014-06-02

Seeing that SARS has been looking with new eyes at Home office expenses, the following notes from TaxTips SA regarding who may and who may not claim for a home office and what deductions are allowed, offer welcome insight:
 

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2014-05-27

The following quotes from Richard Branson caught our attention today and we'd like to share it with you:

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2014-05-20

Announcement by Department of Labour with regard to Farm and Domestic workers:

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2014-03-04

This SARS pocket tax guide has been developed to provide a synopsis of the most important tax, duty and levy related information for 2014/15

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2014-02-27

Do you know what percentage of your profits is absorbed by payroll? Amazingly enough, the South African average is estimated to be between 50 and 60%. The suggested norm ranges between 35 and 40% but levels exceeding 40% are deemed unacceptable. Why the huge discrepancy? Apart from stringent labour laws and regulatory requirements, the taxman, bargaining councils, trade unions, fuel, loans, fund payments and medical aids all have their part to play in influencing the total payroll cost. 

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2014-01-07

The South African Revenue Service’s spotlight on employees’ tax comes as no surprise: at roughly 34% of SA’s total tax revenue, personal income tax comprises the single biggest component of the tax base. Of that, employees’ tax represents by far the biggest component. 

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2013-11-02
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