News

What is VATSURE?
July, 2018 No Comments News
There are few things as important to a Chief Financial Officer or Tax Manager as reliable and accurate data. It’s what keeps the business moving onwards and upwards into risk free profits and greater growth. As the South African Revenue Service explores compulsory requirements for VAT submissions and audits, ...
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6 Considerations When Choosing a VAT Technology
July, 2018 No Comments News
Choosing an ERP system for an organisation rarely involves consideration of the tax capabilities of the software. As a result, the tax manager has to use any tax reports the system supports, or default back to the always trusted Excel spreadsheet. Finding technology that is indirect tax or even just ...
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5 Internal Control Failures that affect VAT
April, 2018 No Comments News
A sound internal control environment allows you to meet your operational and strategic objectives with integrity and reasonable assurance on the effectiveness and efficiency of your operations. Therefore, a breakdown in controls impairs your ability to place reliance on the results generated from your daily operations. The following are ...
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What is SARS Looking for in Your VAT Return?
April, 2018 No Comments News
It’s the end of the month. You have completed all the relevant fields on your VAT return and are about to click “Submit”. The following thoughts cross your mind “Will SARS choose my VAT return for review?” “Have I considered everything that I need to in my VAT return?” ...
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What is Indirect Tax and Why Should You Care?
April, 2018 No Comments News
Indirect taxes are placed on goods and services which raise the price so that the consumer pays more for the item. You might want to think of indirect taxes as hidden taxes, as the indirect tax is collected by one entity in the supply chain and paid to the ...
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Why is VAT Structure and Configuration important?
March, 2018 No Comments News
The system goes live! Business rejoices as the process went by pretty smoothly with relatively minor stumbling blocks along the way. But does this now mean your system is ready to accurately process your VAT on your daily transactions? Let’s look into what aspects needs to be covered for a sound VAT ...
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Tax Indaba 2017
November, 2017 1 Comment News
A few weeks ago, I was fortunate enough to attend the 2017 Tax Indaba that was held at the Sandton Convention Centre from 11 to 15 September. Since its debut in 2011, the event has grown in leaps and bounds over the years. This was evidenced by the inauguration ...
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