Finance

As SARS rolls out smart collection system, tax practitioners must respond

As the SARS collection process becomes more technologically advanced, tax practitioners must advise clients to avoid tax evasion and remain compliant. This is according to Mahomed Kamdar, Tax Specialist at the South African Institute of Professional Accountants (SAIPA). “SARS will soon become so efficient at detecting tax evasion and recovering hidden revenues, it will no…

Tax-Free Savings Accounts
Finance

Tax-Free Savings Accounts

Saving for old age or even just for a rainy day is not possible to for many people. The emergence of the sandwich generation, the high debt levels and the pressing economy is all factors that has led to South Africans saving less and less. Many are not aware that SARS has introduced savings models that helps…

Get It Magazine April 2021 Austral Accounting
Finance

Get It Magazine April 2021 Austral Accounting

Austral Accounting’s queen bean, Lynette van Nieuwenhuizen Lynette van Nieuwenhuizen gets what business challenges are about. With her excellent accounting and tax knowledge, she talks to us about Austral Accounting celebrating 30 years as a trusted confidant of many businesses and shares some valuable advice for small and established businesses. Lynette certainly shatters the accounting…