As from 30 Aug 2014 taxpayers can no longer pay by cheque if they have more than 2 ‘refer to drawer’ cheques in 3 years. The cheque payment limit has decreased to R50 000 per payment. For more information refer to the SARS website.
This is just a quick reminder to inform you about a South Africa Business Act that could have impact on your business. Please take a moment to read it.
During 2000 the government passed the Promotion of Access to Information Act (known as the PAIA Act). The aim of this Act is to allow members of the public to know who they are dealing with in a business.
According to the Act, all public and private bodies must have a PAIA Manual (also known as a Section 51 Manual).
Extensions for some businesses have been granted until December 2015 to submit their manuals to the SAHRC. Even if you qualify for an extension on the submission date, you still need to have a valid PAIA Manual available on request. This means all businesses need to have one.
Due to a number of requests from clients, we are going to be offering a training seminar during September/early October on basic business administration. The seminar will cover the following;
- Taxation (deductions, allowances, difference between the taxes, basic computations)
- Payroll (registration, PAYE, SDL, UIF, W.Comp, returns, recons, packages)
- Business structures (Sole trader, Company, Trust, Partnership, JV, NPO, administration, taxes)
- VAT (registration, records, thresholds, deadlines, diesel)
- Accounting records (accounting packages, retention of documents, filing, basic interpretation of financial statements)
If you are interested in attending, or want further information, please email firstname.lastname@example.org, so we can get an idea of the numbers for planning/costing purposes.