My Guys Pty Ltd

18/05/2026

Non-provisional individual taxpayers must file by Friday, 23 October 2026.

The season typically opens in early to mid-July.

Need help filing your return, contact My Guys.

15/05/2026

SARS has released 2026 tax filing deadlines via Government Gazette No. 54598, covering the year of assessment from 1 March 2025 to 28 February 2026.

Non-provisional individual taxpayers must file by Friday, 23 October 2026.

The season typically opens in early to mid-July, starting with auto-assessments.

Provisional individual taxpayers and all trusts face a 2026 filing deadline of Friday, 22 January 2027.

Resident trusts must submit regardless of income levels.

Auto-assessed taxpayers opting out must meet these dates to avoid penalties.

Companies and resident juristic persons submit returns within 12 months of financial year-end if gross income exceeds R1,000 or other thresholds met.

This applies to approved public benefit organisations and recreational clubs as well.

Early preparation ensures compliance amid digital mandates.

Let’s get you ready for tax filing season!

13/05/2026

Recently, the Department of Employment and Labour raised the Compensation Fund annual earnings cap to R668,000 per employee effective 1 March 2026, up from R633,168.

This adjustment affects Return of Earnings calculations, capping assessments above this threshold.

Employers must apply it to provisional earnings estimates for 1 March 2026 to 28 February 2027 during ROE filing.

Minimum annual Compensation Fund assessments stay at R1,621 for standard employers and R560 for domestic ones, ensuring baseline contributions regardless of payroll size.

These apply across the ROE period from 1 April to 30 June 2026.

Accurate reporting maintains Letters of Good Standing and avoids penalties.

The 2026 ROE submission season runs from 1 April to 30 June 2026, covering actual earnings from 1 March 2025 to 28 February 2026.

Use prior thresholds for historical data and the new cap for forward estimates.

Timely submission prevents disruptions to business operations and compliance status.

Need help? Call My Guys!

11/05/2026

SARS has intensified its crackdown on expats moving money offshore, requiring Approval of International Transfer certificates before bank transfers.

Non-compliance risks account freezes and full tax affairs scrutiny.

Expats must align their tax residency status urgently to avoid transfer restrictions.

Are you all up to date and compliant?

If not, let My Guys help you get your tax affairs in order.

‘Now they've got the worry that Sars wants to tax them on everything they've been building outside of SA as though they were tax residents,’ says Jonty Leon, managing partner at Leap Group.

10/05/2026

To all the moms out there..

08/05/2026

If you've ever wondered where your tax money goes, here's a superb breakdown.

Here's what happens when SARS receives R100:
The largest portion goes to debt servicing at R16.53.
Basic education receives R13.43.
Social protection gets R12.44.
Health receives R11.48. Community development initiatives take R10.87.

This is a concerning breakdown, because debt costs have ballooned.

There are, however, positive signs ahead. Finance Minister Enoch Godongwana believes South Africa has turned a corner with government debt stabilizing.

Tax revenue is increasing as investments in electricity generation and port infrastructure pay off, with the economy projected to grow 1.6% in 2026 and 2% in 2028.

Understanding where your tax contributions go is critical for financial planning.

Ask My Guys for expert tax advice and guidance on how to optimise your tax strategies.

Based on the latest statistics, this is how the government spends every R100 you pay in tax.

25/03/2026

Even if you earn less than R500,000 and think you might not need to file, there are compelling reasons to submit your tax return anyway.

First, you could be leaving money on the table by missing out on a refund from overpaid taxes, especially if you can claim medical expenses or worked less than 12 months.

Second, you may need a Tax Compliance Certificate for future loans or mortgages, which requires all returns to be current.

Third, SARS could impose administrative penalties later if you normally file but skip a year.

Fourth, accessing retirement fund payouts when you retire, are retrenched, or need early withdrawal requires tax compliance.

Finally, maintaining an unbroken filing record leaves SARS with no reason to suspect you're hiding information and demonstrates good citizenship.

Don't risk penalties or miss potential refunds.

Let My Guys help you stay compliant!

Do your Tax Returns Quickly and Easily with TaxTim Today! TaxTim is your Friendly Online Tax Assistant - Do your Tax Return Right for Maximum Refund.

23/03/2026

SARS has established a dedicated High-Wealth Individual Unit to focus on taxpayers with gross assets of R75 million or more.

This small group contributes nearly half of all personal income tax in South Africa, making them a critical focus for revenue collection.

This specialist unit operates through relationship management, assigning qualified SARS managers to coordinate compliance across multiple tax types and facilitate consistent engagement.

If you're classified as a high-wealth individual or have complex financial affairs, proper structuring and transparent engagement with SARS is essential.

Contact My Guys for expert guidance on ensuring you’re compliant.

According to Sars, around 2 800 South Africans with assets exceeding R50 million collectively hold an estimated R150 billion offshore.

20/03/2026

SARS seeks to limit taxpayer lifelines through aggressive Tax Court challenges on relief provisions.

This move tests judicial boundaries and could affect debt relief options.

Taxpayers need expert guidance to defend positions amid tightening enforcement.

SARS is testing the limits of the Tax Court by seeking to increase disputed assessments after prescription, an approach that could leave taxpayers worse off for having challenged an assessment.

18/03/2026

Trust tax returns must be filed timeously to escape penalties and interest from SARS.

Late submission this year carries certain consequences for trustees and practitioners.

Ensuring timely compliance protects trust assets and avoids escalating costs.

Sars introduces fixed administrative fines from February.