Accounting & Reporting
Record retention: the seven-year and five-year rules SMEs must align
A practical accounting insight on aligning company and tax record-retention requirements before old financial documents are deleted.
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VAT and Tax Compliance
Insight: Five VAT invoice checks before your next VAT201
A practical review of tax invoices, supporting records and VAT201 figures can help South African VAT vendors reduce avoidable errors before submitting their next return.
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Tax & SARS
SARS VAT fraud case highlights the controls SMEs should tighten
A recent SARS investigation into alleged VAT refund fraud is a timely reminder for South African businesses to strengthen VAT records, approval controls and supporting-document checks.
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Tax and SARS
SARS eFiling unmerge function: fix duplicate company profiles before filing
SARS now allows taxpayers, registered representatives and tax practitioners to request the unmerging of incorrectly combined entity records directly on eFiling. Businesses should review their profiles before submitting tax returns or making payments.
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Accounting & Reporting
Month-end close: the tax checks SMEs should not skip
A disciplined month-end close helps South African SMEs make better tax estimates, spot missing records and avoid preventable compliance issues. Here are practical checks finance teams can build into their routine.
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Tax and Compliance
SARS flags retrospective amendments to customs accreditation rules
SARS has announced amendments to the rules governing accredited customs clients, with retrospective effect from 1 September 2025. Importers should monitor the final Government Gazette notice and review supporting records, authorisations and customs-control procedures.
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Compliance
CIPC introduces geolocation for company address changes
CIPC has introduced geolocation functionality for company and close corporation address changes, requiring businesses to confirm physical locations more accurately when updating their registered information.
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Tax & SARS
VAT Modernisation: What South African Vendors Should Review Before 16 October
SARS is seeking stakeholder input on a proposed digital VAT model. VAT vendors should review the consultation paper and assess how e-invoicing, e-reporting and system integration could affect their processes.
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Accounting & Reporting
Insight: What SAICA’s stock-obsolescence proposal means for SMEs
SAICA has called for clearer tax treatment of obsolete stock. The proposal is not law, but it highlights why businesses should keep strong inventory records and evidence for write-downs.
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Tax & SARS
Turnover Tax threshold: should your micro-business review its tax position?
SARS’s updated 2026 guidance means qualifying micro-businesses with annual turnover of up to R2.3 million should reassess whether Turnover Tax remains suitable for their structure, records and growth plans.
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Tax and SARS
SARS extends 2026 provisional taxpayer assessment deadline
SARS has extended the deadline for certain provisional taxpayers who received an automatic assessment to request a reduced or additional assessment. Businesses and sole proprietors should use the extra time to review their tax information, rather than delay action.
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Tax & SARS
SARS eFiling security: protect your business tax access
A practical insight for South African businesses on protecting SARS eFiling access, verifying suspicious messages and keeping security contact details current.
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