Mind The Tax Gap! Here’s How…

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May 2025 NEWSLETTER

Mind The Tax Gap! Here’s How…

Increased funding allocated in Budget 2025 will enable SARS to zoom in on an estimated R800 billion in unpaid taxes in South Africa, including a substantial so-called “tax gap” of uncollected taxes. For taxpayers, this means more scrutiny, enquiries, verifications, and audits – and more stringent debt collection measures.

Here's how we can help you mind the “tax gap” by maintaining complete compliance and taking immediate action if your tax affairs become the subject of SARS’ scrutiny.

The 5 Cognitive Biases That Could Sink Your Business

Running a business requires leaders to make hundreds of decisions each year. Some of these are small and inconsequential. But others have the power to affect the company’s future, determine the happiness of its customers and impact the lives of all its employees.

Without knowing it, however, each decision-maker typically brings their personal history, biases and experiences to each decision they make. And sometimes this can be very costly. Here are five ways your biases could sink your business – and how to prevent that from happening.

This Workers’ Day, Look After Your Business' Greatest Asset

Workers’ Day acknowledges the contributions of workers and recognises the importance of upholding their rights. But celebrating workers is not just a government initiative. It’s a forward-thinking approach to labour relations that is increasingly embraced by progressive companies around the world.

Here are five reasons why happy workers are a business’ greatest asset. And five simple ways your business can enhance happiness and wellbeing among your workers.

Zen and the Art of Fostering Job Stability in an Uncertain World

Today’s work environment is fast-paced, unpredictable and ever-changing. Between the gig economy, retrenchments and the transformations brought about by AI and other technologies, studies are now showing that the traditional 9-to-5 job is no longer viewed as being a stable way of life.

Workers are increasingly feeling insecure. This fear is impacting their mental health – and in turn, the stability of the businesses they work for. Read on to find out what employers can do to combat these feelings of instability and help foster a sense of security within their organisations.

Your Tax Deadlines for May 2025

07 May – PAYE submissions and payments
23 May – VAT manual submissions and payments
29 May – Excise duty payments
30 May – VAT electronic submissions and payments, & CIT Provisional Tax payments where applicable.

Disclaimer

The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact us for professional, detailed and appropriate advice.

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