LMA Business & Tax Consulting

24/07/2023

5 July 2023 – Personal Income Tax taxpayers who qualify for this year’s Filing Season 2023 auto-assessment can now check whether they have been auto-assessed via the SARS Online Query Service functionality, click here. These are the various responses when you access and use this new ‘My Auto-a...

22/11/2022

Beware of scams and phishing

Do not open or respond to emails from unknown sources. Remember, SARS will never send you hyperlinks to other websites – even those of banks.

30/06/2022

The South African Revenue Service (SARS) has made significant changes to the 2022 Tax Filing Season. This year, over 3 million individual non-provisional taxpayers, have been auto-assessed by SARS and will not have to file a tax return if they are satisfied with the outcome.

28/04/2022

EMPLOYER ANNUAL RECONCILIATION SUBMISSION

The Annual Reconciliation Declaration (EMP501) submission period is open from 1 April - 31 May. Employers must submit their annual reconciliation declarations for the tax year that started on 1 March 2021 & ended on 28 February 2022, using e@syFile™ or SARS eFiling.

For more information, visit www.sars.gov.za

13/07/2021

Stay strong 🇿🇦

05/07/2021

Worried about POPIA affecting your business? Just follow these simple steps, or comment below with your questions. We'll be happy to help 💡

01/07/2021

Are you a small business owner worried about POPIA? Here's our free guide explaining what POPIA is and what simple steps you can take to ensure that your business is compliant!

A basic guide in simple language for South African business owners to ensure that they are compliant with the Protection of Personal Information Act (POPIA)

18/03/2021

A quick glance at tax implications of the 2021 Budget Speech for business owners

The pandemic has caused SA's government debt to rise to above 80% of GDP, with debt servicing costs now comprising over 20% of the budget.

16/03/2021

The little (and big) things add up! Save money and lower your tax burden by saving every tax invoice issued or receipt received by your business 🧾

23/02/2021

4 more days to file your 2020/21 business tax returns ⏳

17/02/2021

New law empowers SARS to criminally prosecute taxpayers who file late returns or make errors in their paperwork.

New law empowers the South African Revenue Service (SARS) to criminally prosecute taxpayers who file late returns or make errors in their paperwork.