A business owner reviewing financial statements and tax documents for IRP6 and ITR14 filing.

IRP6 vs. ITR14: What’s the Difference and Why It Matters for Your Business

Tax compliance is a crucial aspect of running a business in South Africa. Understanding the different tax returns and filing them correctly can help businesses avoid penalties and maintain good standing with the South African Revenue Service (SARS). Two key tax returns that businesses must be aware of are the IRP6 and ITR14. This article […]

Organizing financial records for SARS tax audit preparation

How to Prepare for a SARS Tax Audit

Facing a tax audit can feel intimidating, especially when it’s conducted by the South African Revenue Service (SARS). But the process doesn’t have to be overwhelming if you’re well-prepared. Here at Biz Evolution, we understand the importance of good preparation and want to help you approach a SARS audit with confidence. Here’s a practical, step-by-step […]

SARS tax compromise for businesses in South Africa - Biz Evolution

SARS Tax Compromise: A Lifeline for South African Businesses

For many businesses in South Africa, tax debt can be overwhelming. The South African Revenue Service (SARS) recognizes this and offers relief through its tax compromise programme. As Biz Evolution, we specialise in helping businesses navigate tax challenges, and in this blog, we’ll unpack everything you need to know about SARS tax compromise and how […]

Two-Pot Retirement System and Business Impact

The Impact of the Two-Pot Retirement System on Businesses in South Africa

The South African retirement landscape has recently undergone a significant shift with the introduction of the Two-Pot Retirement System. This new structure which will come into effect from the 1st of September 2024, is designed to give individuals more flexibility in accessing their retirement savings while maintaining a secure future. While the system has been […]

Business owner feeling stressed about taxes, with a calendar and paperwork

Tax Season Survival Guide: Biz Evolution

Tax season can be a stressful time for individuals and businesses alike. With complex tax laws and ever-changing regulations, it’s easy to feel overwhelmed. But fear not! Biz Evolution is here to guide you through the tax season maze. Understanding the South African Tax System South Africa has a progressive tax system, meaning that higher […]