Bottom Line

15/05/2026

⚠️ SARS FRAUD WARNING ⚠️

The South African Revenue Service (SARS) has issued an urgent warning regarding fraudulent “Tax Settlement Notification” scams currently targeting taxpayers.

These emails and SMSes are designed to look official and often demand immediate payment into fraudulent bank accounts.

🚨 PLEASE NOTE:
❌ SARS will NEVER ask for your banking details via email or SMS
❌ SARS will NEVER request payment into a personal account
❌ SARS will NEVER ask for your credit card details

✅ Always verify your tax affairs directly on SARS eFiling
✅ Never click suspicious links or attachments
✅ Report phishing emails to [email protected]

As we approach the 2026 Tax Season, taxpayers are urged to stay alert and protect their personal and financial information.

If you are unsure whether communication from SARS is legitimate, contact a registered tax practitioner immediately.

📞 CJ Robberts
Chartered Business Accountant in Commerce
Registered Tax Practitioner

📱 078 747 5300
📧 [email protected]

13/05/2026

With Xero – I just got recognised as one of their top fans! 🎉

05/05/2026

🚀 BIG ANNOUNCEMENT 🚀

We’re proud to announce that Bottom Line is now officially a Silver Partner with XXero🎉

This milestone reflects our continued commitment to delivering modern, cloud-based accounting solutions that empower our clients to grow, scale, and stay compliant with confidence.

💼 What this means for you:
✔️ Expert support on the Xero platform
✔️ Real-time financial insights
✔️ Streamlined accounting processes
✔️ Smarter, more efficient business decisions

At Bottom Line, we are here to unlock your financial potential and support your growth — and this partnership strengthens our ability to do exactly that.

Thank you to our clients for your continued trust and support 🙏

📞 078 747 5300
📧 [email protected]
🌐 www.bottomlineacc.co.za

04/05/2026

🚨 IMPORTANT SARS UPDATE – 2026 YEAR OF ASSESSMENT

The South African Revenue Service (SARS) has officially issued a notice requiring certain individuals, companies, and trusts to submit income tax returns for the 2026 year of assessment.
https://www.sars.gov.za/wp-content/uploads/Legal/Legal-LSec-TAdm-PN-2026-03-Notice-7422-GG-54598-Notice-to-submit-returns-for-the-2026-year-of-assessment-30-April-2026.pdf?fbclid=IwY2xjawRlwM1leHRuA2FlbQIxMQBzcnRjBmFwcF9pZAwzNTA2ODU1MzE3MjgAAR6Eu2UHNfLJCf09re5mE0fWNC8u5GByoo5wMwsa5kEjXLbHM2mOm4taOyqUjg_aem_t7rwNaMyGhH6GDh7TW-ejw

📌 Who needs to submit?
✔ Companies and juristic persons
✔ Trusts
✔ Individuals with additional income, capital gains, or foreign assets
✔ Non-residents earning SA-sourced income
✔ Any person specifically requested by SARS

📅 Key Deadlines:
• Individuals: 23 October 2026
• Provisional taxpayers & Trusts: 22 January 2027
• Companies: Within 12 months after financial year-end⚠️ Don’t risk penalties!
Failure to submit can lead to administrative penalties and compliance issues.

💼 Let Bottom Line handle it for you

✔ Accurate
✔ Compliant
✔ Stress-free

📞 078 747 5300
📧 [email protected]

16/04/2026

📢 KEY SARS UPDATES – APRIL 2026

Staying informed is key to staying compliant. Here are the latest important updates from SARS that every business owner and taxpayer should be aware of:

💰 SARS has surpassed R2 trillion in revenue collections – a clear sign of strengthened compliance enforcement.
👤 New SARS Commissioner appointed effective 1 May 2026.
⚠️ Trust penalties will now apply for non-submission of returns.
📊 Stricter employer compliance with valid Income Tax numbers now enforced via e@syFile™.🛡️ Increased focus on anti-corruption and illicit trade.
📉 Tax brackets adjusted for 2026/2027 to provide inflation relief.
💻 Ongoing system upgrades to improve digital services.

👉 The message is clear: compliance is no longer optional — it’s essential.

At Bottom Line, we help you stay ahead, avoid penalties, and keep your business fully compliant.

📞 078 747 5300

08/04/2026

⚠️ APRIL FOOLS JOKE? THINK AGAIN.

On 1 April 2026, several important tax law amendments were officially signed into law — and this is NOT something businesses can afford to ignore.

These changes come from the latest Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2026, and they impact multiple areas of tax compliance.

📊 🔍 WHAT HAS CHANGED?

Here’s a breakdown of some key updates:

💰 1. Transfer Duty Thresholds Increased

Property buyers will benefit from adjusted thresholds, meaning:
✔️ Lower tax on certain property transactions
✔️ Revised brackets across value ranges

📈 2. Employment Tax Incentive (ETI) Changes

Government has updated ETI to support employment:

✔️ Monthly incentive increased (up to R2 500)
✔️ Income thresholds increased (up to R7 500)
✔️ Adjusted calculation formulas

👉 This directly impacts payroll and employer claims.

📉 3. Tax Rates & Monetary Adjustments

✔️ Updated tax tables now apply
✔️ Changes effective from 1 March / 1 April 2025 depending on taxpayer type
✔️ Impacts individuals, companies, and trusts

⚖️ 4. Multiple Amendments Across Tax Legislation

These include updates to:
✔️ Income Tax Act
✔️ Customs & Excise
✔️ Carbon Tax
✔️ VAT-related provisions

👉 Some provisions are retrospective, meaning compliance risk already exists.

⚠️ WHY THIS MATTERS

If your business:
❌ Uses outdated tax tables
❌ Applies incorrect payroll calculations
❌ Has not reviewed compliance since April

👉 You could already be non-compliant.

08/04/2026

⚖️ Are your intra-group loans compliant?

Intra-group loans are part of business…
but getting them wrong can have serious consequences.

Section 45 of the Companies Act, 2008 places strict requirements on financial assistance within group structures.

🚨 Non-compliance can lead to:
• Transactions being declared void
• Personal liability for directors
• Reputational damage

💡 Before approving any intra-group loan, ensure:
✔️ Your company passes the solvency & liquidity test
✔️ Terms are fair and commercially sound
✔️ Required shareholder approvals are in place
✔️ Your MOI allows the transaction
✔️ Full board documentation is maintained

📊 Smart companies also use transfer pricing to:
• Benchmark interest rates
• Support decisions
• Strengthen compliance

02/04/2026

01/04/2026

Deadlines to remember!