Binc Accounting and Tax Services

20/10/2026

The lengths though...

A 54-year-old Gqeberha businessman and his construction company have received suspended prison sentences after a Hawks investigation uncovered fabricated documents used to support fraudulent VAT claims worth approximately R4.7 million.

06/10/2026

The comments though...

https://dailyinvestor.com/finance/158263/sars-using-1500-more-people-to-find-its-missing-r26-billion/?source=newsletter

29/09/2026

Not only is SARS watching bank accounts, the banks are also reporting back, for fear of heavy fines:

https://iol.co.za/business/2026-09-28-how-a-r327m-sars-vat-refund-unravelled-after-one-investigation/

07/09/2026

The consequences of "Invention" tax:

SARS has hit a taxpayer with a R3.6 million tax bill, including a R2 million penalty for fraudulent tax return filings.

31/08/2026

When we heard the news, we were expecting some crazy Youngsfield, Redbull type manoeuvres. but all they did was fly over, ai neee....

26/08/2026

Where is the balance...

Deputy Labour Minister Jomo Sibiya says employers who repeatedly hire undocumented foreign nationals could face fines of up to R1 million as government moves to strengthen labour law enforcement.

03/08/2026

Excellent point of balance:

https://www.sabcnews.com/sabcnews/use-of-ai-by-sars-does-impact-on-taxpayers-rights-institute/

16/07/2026

Unreasonable to expect this institution to act with integrity ofcourse:

Debt experts warn consumers against taking short-term loans in anticipation of SARS tax refunds.

14/07/2026

10/07/2026

It's the small things that make big wins...

But trust penalties remain, and new letters of final demand are on their way.