Tax Focus Newsletter August/September 2023
Whether you're a seasoned taxpayer or just starting out, this newsletter is packed with tips and tricks to maximise your deductions and make tax season a breeze!
TAX ADVISORY : GLOBAL MOBILITY Want to stay abroad but retain employment from a South African entity, what are the tax implications for you and your employer?
This article aims to provide guidance on the tax responsibilities for both employees and employers in such situations.
CLOUD ACCOUNTING The Future of Accounting: Embracing Cloud-Based Apps and AI for an Advisory Edge to help SME’s grow
In the dynamic world of business, small businesses are constantly seeking innovative ways to streamline operations, enhance efficiency, and gain a competitive edge.
Future business investment intentions (H1 2023) An additional stimulus for economic expansion
A boost to economic growth would be forthcoming if the government's planned infrastructure investments were realised.
Future business investment intentions Investment is continuing its recovery (IBR 2023)
H1 2023 GDP growth exceeded expectations due to a continued increase in gross fixed capital formation (GFCF), which had declined for almost a decade until late 2021.
SOUTH AFRICAN BUSINESS PULSE Future business investment intentions (H1 2023)
70% of South African businesses expect increased profitability in the next 12 months, leading to greater interest in staff skills and new buildings. However, investment in plant and machinery has decreased.
South African Macroeconomic Overview & IBR Results – H1 2023 Resilience of SA economy underlined by lower inflation (H1-2023)
What impact has the decline in inflation from levels above 7% to below 5% had on the current economic resilience of the economy?