In this article we will look at one of the lesser known taxes called Securities Transfer Tax, which is usually synonymous with investment. If you have ever been issued a security, then you may have likely been charged Securities Transfer Tax. For those of you that may be unfamiliar with what a security is, [...]
Over the next few blog articles, we will be shedding light on various types of tax including some of the lesser known forms that apply within South Africa. Today, we will be focusing on Turnover Tax and will explain who it is for, how it works, and the advantages of using Turnover Tax. What [...]
Dirmeik Consulting has recently extended its services across South Africa. Our unique approach to the practice of accounting sets us apart from our competition. This approach is based on trust and wisdom; on quality service and operational clarity and on the drive to support our growing base of clients across South Africa. We currently [...]
With many people holding their breath for February's Budget, it came as a relief when the South African Finance Minister revealed almost no increases to personal taxation rates and even a decrease for lower and middle-income brackets. Corporate tax also remained the same at a rate of 28%. Calculate Income Tax To calculate the [...]
South African finance minister Pravin Gordhan delivered the 2016 Budget on Wednesday afternoon. It was never pegged as being an easy task given the tough economic times the country is experiencing and that any wrong move could result in South Africa receiving a “junk status” rating. He did however manage to avoid an austerity [...]
Back in 2006, Dirmeik Consulting was started as a unique, boutique accounting firm - based in Cape Town, South Africa - assisting businesses and individuals with their accounting, auditing and taxation requirements. Our aim was simple; we offer our clients a professional, personalised service based around open interactions and built on a foundation of [...]
Each year, we post the latest SARS tax tables for your reference. This year we have also included a useful comparative tax rate table to allow you to compare the changes between 2014/2015 and the previous two tax years. SARS tax tables for the period 1 MAR 2014 to 28 FEB 2015 Taxable Income [...]
With every new year comes a fresh set of tax return deadlines. If you are managing your own taxes, it is best to add these to your calendar to avoid any late submissions and subsequent penalties. For your reference, we have added a list of all the major deadlines that you need to pay [...]
For many, the first thought that comes to mind about an accounting firm is that they provide solutions to administrative tasks like accounting, business administration, payroll, etc. However your accounting firm may offer much more than you realise. At Dirmeik Consulting, we have a diverse range of commercial clients. Each of these clients has [...]
To stay ahead in the business world, you need to grab any opportunity with both hands that will make your business more competitive. There are a number of ways you can make smart decisions to become more profitable and a number of these rest with the financial processes in your business. Weighing the cost [...]
As an employer, one of your responsibilities is the payment of employee's tax which can be calculated using the SARS PAYE tables below: PAYE Tax Deduction Tables To view the latest PAYE Tax deduction tables, visit the SARS website here. PAYE Statutory Rates Statutory Rates (Individuals) Taxable Income (R) Rates of tax (R) 0 [...]
In terms of efficiency, SARS eFiling makes it faster and easier for businesses and individuals to submit their returns, view their tax status and submit payments to SARS 24 hours a day, 7 days a week. While this had a direct affect of benefiting individuals and businesses that submitted their own documentation, it also [...]
