After an unprecedented postponement triggered by widespread disagreements within the GNU (Government of National Unity) regarding a proposed VAT increase, Finance Minister Godongwana presented the 2025/2026 National Budget Speech on 12 March 2025. Below is a summary of the tax-related changes: - VAT (Value Added Tax) Considering the impact of a VAT adjustment, VAT [...]
South Africa’s new two-pot retirement scheme was designed to give members some financial breathing room during tough times, without requiring them to resign to access their savings. In short, although it offers short-term financial relief, this withdrawal benefit should only be considered for emergencies and not change how you think about your retirement financial [...]
The perception of most Business owners is that changing Accountants is as difficult and disruptive as changing banks. However, we have taken on a number of new corporate clients who are always surprised at how easy and smooth our changeover has been. So, if you feel your current accountant is not giving you the [...]
What is financial accounting? In August’s blog article we looked at the role of accountants in a general sense and how the true value of a good accountant was the ability to keep their finger on the pulse of the business’s finances, providing professional and strategic advice to the decision makers in a company. [...]
