Reviewing 2023 and Looking to 2024
2023 was a challenging year, but also a year of triumphs. In February 2023, the FATF (Financial Action Task Force) grey-listed South Africa. As a result, FICA obligations and compliance
Compensation for Occupational Injuries and Diseases Act – COIDA
The Compensation for Occupational Injuries and Diseases Act (COIDA) is a South African law that provides compensation to employees who are injured or contract an occupational disease as a result
Changes To The Trusts Property Control Act
Beneficial-ownership disclosures required South Africa introduced new rules, effective from 1 April 2023, on requirements to disclose the beneficial ownership of assets. These measures were introduced in a new section (11A) in
VAT And The Importance Of Your VAT Number
The SARS VAT invoice requirements Registering as a VAT vendor with SARS may seem daunting as it brings about new regulations that an entity needs to comply with. Let’s look
WvdW Financial Services Expands Horizons with MBS Accounting Partnership
In a significant move that marks a milestone in its growth journey, WvdW Financial Services, a prominent financial services company in South Africa, has partnered with MBS Accounting, a smaller
Starting a new small business in South Africa?
Any new business venture stars with executing a great business plan and it goes hand in hand with regulatory requirements. Herewith a list of requirements that new business owners in
Turnover Tax
Turnover tax is a simplified system aimed at making it easier for micro business to meet their tax obligations and is for micro business with turnover below R1 million. This