Running a small business comes with enough challenges—don’t let taxes be one of them. Did you know that qualifying as a Small Business Corporation (SBC) could drastically lower your tax bill and speed up deductions on your assets? But here's the catch: navigating the rules can be tricky, especially when it comes to personal services and investment income limits. In this article, we break down SBC benefits in plain language, share expert tips, and use real-life examples to help you understand how to qualify. Whether you’re an accountant advising clients or a business owner looking to save, this is a must-read!

Paying professional membership fees is never easy, especially as the year ends and expenses pile up. However, did you know that with proper structuring, there are tax benefits you can claim on your CIBA membership fees? Whether you’re an employer covering fees for your team or an individual member paying out of pocket, understanding the VAT and income tax implications can help ease the financial burden. Don’t miss out on these valuable insights to make the most of your membership in 2025!

Have you got clients with cross-border transactions? Considering transfer pricing is essential for clients that transact with related parties. This article simplifies transfer pricing with clear explanations, practical examples, and actionable tips. Learn how to apply the arm’s length principle, benchmark transactions, prepare documents to protect your clients from tax disputes.

Tax practitioners must uphold the integrity of the tax system, but what happens when ethical lines are crossed? The recent case of Naraidu v The State shows just how severe the consequences can be. Involving fictitious VAT claims and a tax practitioner caught in the middle, the case takes us from a conviction of fraud to an acquittal on appeal. Was it reckless action or intentional wrongdoing? We highlight the key lessons every tax professional should learn from this dramatic courtroom saga.

Learn how the current tax regulations create challenges for the fast-growing telecommunications industry. This article breaks down how outdated tax rules, like Sections 12D and 11E, apply to modern infrastructure, and discusses VAT issues such as international roaming and bundled services. We also cover recent court cases involving Telkom and MTN to show how tax laws are being interpreted in this changing landscape.

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?

Tax Practitioners have a low perception of SARS, according to a recent survey. Respondents point to a lack of quality communication as a core reason.