Discover how IFRS 16 transforms the accounting for operating leases, requiring the capitalization of lease payments as right-of-use assets and liabilities. Understand the tax implications and get practical insights into handling variable payments and exemptions.

Delve into the essentials of tax implications for both secured and unsecured term loans in South Africa. Understand the pivotal role of Section 8F in recharacterizing interest as dividends and how recent amendments affect your tax planning. Ideal for businesses and accountants seeking clarity on hybrid debt instruments and dividend tax exemptions

Explore how the Tax Administration Act (TAA) influences the duties and responsibilities of accountants in South Africa, extending beyond traditional tax practitioners. This article delves into the critical aspects of Section 241, emphasizing the importance of due diligence in financial documentation. Learn about the stringent compliance measures, the implications of non-compliance, and best practices for accountants to navigate the complexities of the TAA, ensuring accuracy and integrity in financial reporting.

SARS recent enforcement actions against celebrity chef Lusizo Mvula Henna, DJ Ganyani, and fashion director Candy Smith shed light on the stark consequences of fraudulent activities and tax non-compliance, but what about the bookkeepers, accountants, and tax practitioners of these taxpayers? Did they inadvertently facilitate these violations or if they had the opportunity to deter the onset of tax evasion and unresolved tax debts, what did they do?

Stay informed as Finance Minister Enoch Godongwana unveils the 2024 budget, navigating economic challenges and outlining strategies for growth, social support, and fiscal stability.