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 […]

Confused taxpayer looking at smartphone with SARS auto assessment SMS notification.

Got an “Auto-Assessed” SMS? Don’t Panic, South Africa! Here’s the Lowdown

Just got a cryptic SMS from SARS about “auto-assessment“? Relax, you’re not in trouble. This is actually good news! SARS is streamlining things with a new system that could save you time on your taxes. But before you hit snooze forever, here’s what you need to know. What’s the Deal with Auto-Assessment? SARS is using […]

A person sitting at a desk reviewing a document titled "SARS Auto-Assessment" on a computer screen.

SARS Auto-Assessments: What You Need to Know in South Africa (2024)

At Biz Evolution, we understand that tax season can be a stressful time. This year, the South African Revenue Service (SARS) is aiming to streamline the process with auto-assessments for qualifying taxpayers. But what exactly are auto-assessments, and how do you know if you’re eligible? What are SARS Auto-Assessments? Auto-assessments are pre-populated tax returns generated […]

The impact of remote work on payroll and tax compliance on South African businesses 2014

Working from Anywhere: Navigating the Payroll and Tax Maze of Remote Work in South Africa

The rise of remote work has transformed the way we do business, offering flexibility and a global talent pool. But for South African businesses, this newfound freedom comes with a twist: the complexities of payroll and tax compliance in a remote setting. Here at Biz Evolution, we’re here to guide you through the maze. Challenges […]

A Guide to South Africa's 2024/02 IRP6 and 2023 ITR14 Tax Returns

Tax Time Ticking! Don’t Get Caught Napping: Your Guide to the 2024/02 IRP6 and 2023 ITR14

Tax season is upon us, and for businesses with a final year end 28 February in South Africa , that means juggling two important returns: the 2024/02 IRP6 and the 2023 ITR14. We know that tax returns can be quite confusing, hence in this guide we shed light on your 2024/02 IRP6 and 2023 ITR14 […]

SARS Audit- what to expect and how businesses can prepare if they are selected.

SARS Audits: What to Expect and How to Prepare (South Africa)

Let’s face it, receiving an audit notification from the South African Revenue Service (SARS) can send shivers down even the most diligent taxpayer’s spine. But fear not, South African entrepreneurs! While an audit might seem daunting, it’s important to remember that they’re not inherently bad news. In fact, they can be an opportunity to identify […]