Chartered Accountant & Business Consultant - Meredith Harington
Business News Articles

The Budget and tax law cycle in South Africa

The budgeting process and annual tax law changes consist of far more than the annual budget speech which takes place toward the end of February every year. In this article we will be looking at the annual cycle of tax law changes, and when this filters into the tax calculations of individuals, trusts and companies.


Transitional arrangements relating to the VAT rate increase

The big news announced in the 2018 budget speech was the increase in the VAT rate from 14% to 15%. This change will be effective from 1 April 2018. It will require businesses to update systems and software to account for the new rate. However, there are a number of transitional arrangements that VAT vendors will need to take into account.


Financial Year end approaches - What you should be doing to save tax

28 February is the end of the tax year for all individuals, trusts and many companies and close corporations. As we approach the year end and have a good idea of our overall income and tax position for the year, now is the time to take some critical decisions.


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