by Northbound | Dec 1, 2023 | Featured Client of the Month
By this time you will have planned your holiday but there is still one more thing to add! If you are leaving PE and heading North on the N2, a Nanaga breakfast will really set your journey on a solid footing! On the way back, of course, the last thing you want to do...
by Northbound | Dec 1, 2023 | Tips from Northbound
As part of an independent review or compilation agreement, the preparer of the financial statements is likely to capture journal entries in the software used. These entries result in the ledger balances being different from what was sent to the preparer by the...
by Northbound | Dec 1, 2023 | Tips from Northbound
Background On 1 December 2023, the South African Revenue Service (hereafter referred to as “SARS”) will implement a new advance payment notification requirement. The Advance Import Payment (AIP) Notification as part of the Advance Payment Notification (APN) project is...
by Northbound | Nov 1, 2023 | Tips from Northbound
South Africa operates a VAT system whereby businesses (vendors) are allowed to deduct the VAT incurred on business expenses (input tax) from the VAT collected on the supplies made by the business (output tax). The most important document in such a system is the tax...
by Northbound | Nov 1, 2023 | Tips from Northbound
VAT vendors who make taxable supplies of goods or services are obliged to issue tax invoices to the recipients of such supplies within 21 days of having made such a supply. A valid tax invoice is of utmost importance because without such a document a vendor, being the...
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