Terrilin Bookkeeping Services

04/08/2026

Still doing your bookkeeping the old way?

➡️ "Digital VAT reporting and e-invoicing are coming."

➡️ "If you're already using cloud accounting software that connects to SARS, you're in a good position. If you're still relying on spreadsheets or desktop software without SARS integration, it's time to start planning for the transition."

➡️ "If you have a good accountant, hold on to them."

The way businesses manage their finances is changing rapidly. Cloud accounting isn't just about convenience anymore - it's about being ready for what's next.

Read more here: https://www.sage.com/en-za/blog/sage-accounting-roundtable/?utm_campaign=NPS_2611_NCA_ZA_SageAdviceZAAugust26_Email01STOYDT&utm_medium=email&utm_source=Eloqua

If you're thinking about moving to the cloud or want to know what it means for your business, we'd be happy to help.

27/07/2026

Travelling somewhere?
Remember to complete the South African Revenue Service (SARS) traveller declaration.

26/06/2026

Tax season is around the corner - so are the scammers.

If you receive an unexpected South African Revenue Service (SARS) assessment or payment request, don't panic and don't pay immediately. Verify it first.

Here's an example of a fake notification we've recently received.

03/06/2026

Personal Tax Season 2026

Important SARS filing dates:
Auto-Assessments: 1 July to 12 July 2026
Non-Provisional Individuals: 13 July to 23 October 2026
Provisional Taxpayers: 13 July 2026 to 22 January 2027

Contact Terrilin Bookkeeping Services to ensure your tax affairs are accurate, compliant, and submitted on time.
https://tbservices.co.za/contact-us/

11/05/2026

EMP501 Season 2026 is open.

Deadline: 31 May 2026

Need assistance with your EMP501 submission or payroll reconciliation? Feel free to contact us - www.tbservices.co.za

26/03/2026

⚠️ SCAM ALERT – SARS Payment Notice

This “Tax Settlement Notification” currently doing the rounds is fake.

A few key red flags:

- It requests payment into a normal bank account (ABSA) – SARS does not operate this way
- It uses a generic reference instead of official SARS payment channels
- It creates urgency to push immediate payment

SARS will never send banking details like this for direct payment.

Do not make any payment and do not share personal information.

Always verify on your SARS eFiling profile, contact SARS directly, or check with your tax practitioner.

Feel free to reach out to me if you’re unsure about any communication claiming to be from SARS.

Please share to warn others.

27/02/2026

27/02/2026

The 2026 Budget introduces several changes affecting individuals, homeowners, and businesses. The previously planned R20 billion tax increase has been withdrawn, meaning no broad‑based tax hikes this year. Personal income tax brackets, rebates and medical tax credits have all been fully adjusted for inflation, providing relief from bracket creep.

For small businesses, the compulsory VAT registration and Turnover Tax thresholds increase from R1 million to R2.3 million, easing compliance and cash‑flow pressure. Savings and retirement incentives have also been strengthened, with higher limits for tax‑free investments, retirement contributions and capital gains exclusions.

Homeowners will benefit from the higher Capital Gains Tax exclusion on the sale of a primary residence, which increases from R2 million to R3 million.

These updates offer meaningful relief and improved planning opportunities across the board.