In an effort to combat money laundering and terrorist financing, the South African government introduced the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022, which came into effect on April 1, 2023
As of March 2022, it has been revealed that the Irish Tax Authority (ITA) has contacted Airbnb Ireland UC (Airbnb), for the disclosure of specific information regarding income earned from the online accommodation booking platform, which includes both present and past transactions. This followed after the South African Revenue Service (SARS) sent…
The 10 Best Accounting Tools for Small Businesses in 2021 Running a small business in 2026 requires more than just balancing the books. With increasing compliance requirements, remote work environments, digital payments, and AI-powered automation becoming the norm, choosing the right accounting software can save you time, improve accuracy, and provide valuable insights into your…
For SME’s the anticipation of the budget speech ended up on quite an anti-climax as there was a lack of focus on small businesses. However, with the small businesses at the back of the queue, the Department of Small Business Development has allocated R4 billion over the medium term to township and rural enterprises, including blended finance initiatives…
A new draft legislation proposes to remove the ‘intention’ concept from tax crimes which means you can break the law without you knowing it or without you intending to do so when it comes to SARS…
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