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03 Oct 24

Workmen’s Compensation: Employer Registration, Reporting & Employee Claims

Workmen’s Compensation is a government-mandated program that provides financial support and benefits to employees who become injured or ill due to their work. If a worker is injured, contracts a disease, or dies while working, they or their dependents can claim from the Compensation Fund. Who Can Claim Workmen’s Compensation?…

25 Apr 24

Fringe Benefits 101

Fringe benefits are employment benefits that have a monetary value but do not affect basic wage rates. SARS defines a fringe benefit in the seventh schedule as having four elements i.e. Below we look at the different categories of fringe benefits:

25 Apr 24

Unemployment Insurance Fund – Registration, Reporting, Compliance

What is Unemployment Insurance Fund (UIF)? The Unemployment Insurance Fund (UIF) provides short term relief to workers when they become unemployed or are unable to work because of illness, maternity or adoption leave and to provide relief to the dependants of a deceased contributor. Who is it for? All employees, as…

01 Dec 23

8 Rules and Regulations Your Company Must Comply With

Starting a business in South Africa is relatively easy nowadays, but it comes with a complex web of rules and regulations that can seem bewildering to navigate, especially when one is not an accountant. It is good to stay up to date with the various regulatory requirements to avoid penalties…

30 Nov 23

How Do I Register a Business in South Africa?

Starting a business in South Africa has become a relatively easy and quick process, but it comes with its own set of regulations and requirements. The process involves multiple steps and registrations, and it’s important to understand the options available to you. In this article, we’ll explore the various types…

23 Oct 23

Tax Planning for Medical Doctors – Provisional Tax or PAYE

My name is Constance Kawelenga and I am a registered Chartered Accountant and Auditor, and today we’re going to talk about the tax planning opportunities available to medical practitioners. Doctors are high-net-worth income earners. That means there are a lot of aspects that need careful planning, together with their accountants. …