MARCH 2015 LABOURNET NEWSLETTER
How the first quarter of 2015 has flown by! We do trust that so far it has been a good one for you and your organisation.
By now the fun and festivities of the December holidays have faded into the distance and what lies ahead is tax year end procedures and recons, tax certificates, EMP501’s and the like – fun stuff !
Nevertheless all of this is part of our profession so we simply have to get on with it.
With the recent budget speech and all the very important changes that need to be implemented in our organisations to ensure compliance, it is not uncommon for Employers to feel a little overwhelmed at this time, particularly with the fact that some of us will have to pay in a bit more tax this year. We trust that this Newsletter will provide you with a quick reminder and checklist of all the items you need to take note of to kick start the new tax year.
Given the highly publicised shortfall in income VS expenditure anticipated by the National Treasury this year the spotlight has definitely shifted to further enforce compliance by individuals and Employers across the board. There will be greater emphasis on collecting outstanding taxes and penalties via the AA88’s process by pressuring Employers to ensure that these are dealt with accurately and timeously, so watch this space. The end goal being - the collection of more taxes!!
Finally, we would like to once again wish you all the best for the 2015 year and remind you that should you need us through this stressful time we are only a phone call (or email) away