Unlock the secrets of income tax filing in South Africa with our comprehensive beginner's guide. From understanding who needs to pay income tax to exploring tax thresholds, brackets, and important filing dates, we've got you covered. Discover valuable deductions that can help you save money and make the most of your tax return. Whether you're a salary earner or a provisional taxpayer, our guide will empower you to master your taxes effortlessly. Get ready to navigate income tax filing with confidence and ease.

Discover the essential tax and legal considerations for non-residents investing in South African real estate. Learn about exchange control regulations, income tax, capital gains tax, and residency rules in this informative and engaging overview tailored for foreign property investors.

Unlock the mystery behind financial assurance services for your business! Learn the key differences between Compilation Engagements, Independent Reviews, and Audits, and discover which service best aligns with your unique business needs. Equip yourself with the knowledge to make informed decisions and ensure your financials are in safe hands. Read on and let DigMe Solutions (Pty) Ltd guide you on the path to financial success!

Provisional Tax is a payment system in South Africa that allows individuals and companies to pay their income tax in advance, based on an estimated taxable income. Companies that earn income that is not subject to employee tax are required to register for Provisional Tax and make two payments per financial year, with an optional third payment also available. The tax is calculated based on an estimate of the company's taxable income for the current financial year, which includes all sources of income and deductions. The estimate must not be less than the basic amount, calculated based on the taxable income assessed for the latest preceding year of assessment. Companies that fail to meet their Provisional Tax obligations may be subject to penalties for under-estimation. It is important for companies to understand the Provisional Tax system and seek expert assistance if needed.

Preparing a budget for a start-up or small business can be a daunting task, but it is essential for the success of any business. A budget helps entrepreneurs to understand their financial situation, identify potential problems, and make informed decisions about how to use their resources. In this post, we will discuss some practical steps that can be taken to make the budgeting process easier for small business owners.

Find the best cloud-based accounting platform for your South African business. Compare Xero, Quickbooks, Sage, Wave, and FreshBooks and choose the right solution for your needs.

Discover the ins and outs of Tax-Free Savings Accounts in South Africa, including the annual and lifetime contribution limits, benefits of tax-free growth and unlimited withdrawals, and penalties for exceeding the limits. Learn how to report on ITR and make the most of your savings with professional help.

No one likes to think about their own mortality, but it's important to have a will in place in case something happens to you. A will is a legal document that outlines your wishes for what should happen to your belongings and your estate after you die. While it may seem like a daunting task to create a will, it's actually not as difficult or time-consuming as you might think. And, it's important to update your will regularly as your life circumstances change. In this blog post, we'll explore the importance of having a will and why you should keep it up to date. We'll also provide some tips on how to create or update your will.

For any budding entrepreneur, starting a business can be hard work, but it's easier if you know what to do and what not to do. In this article, we'll go over 5 helpful tips to help you set up your company for success. Some of these lessons were learnt the hard way or discovered through trial and error.

Xero accounting software is a dynamite option for small businesses looking for a new way to manage their finances.

Spring has sprung, and as we prepare for warmer weather and flowers in bloom, it's time to tidy up our finances. Whether you're a freelancer or small-business owner, getting your finances in order takes planning, dedication, and a little bit of discipline. With that in mind, here are three simple spring tips to help you prepare your business' finances - and by extension, your financial plan - for the oncoming season.

From the outside looking in, it may seem like some people have it all together. They might be successful in their careers, have a great group of friends, and always seem to be putting their best foot forward. But what you don't see is that many of these people are actually struggling with imposter syndrome.

Turnover tax is a simplified system aimed at making it easier for micro business to meet their tax obligations.

Understanding the importance of cash flow for business owners.

Outsourcing your bookkeeping is an important decision and not one to take lightly. That's why we've outlined 7 criteria you should use to determine if it's time for you to outsource your bookkeeping.