TJBothaSpangenberg Incorporated

WELCOMING OUR NEW SAICA TRAINEES | CA2025 – aspiring CA’s

Welcoming our SAICA 2023 trainees with the start of their journey to become future CA(SA)’s. We are privileged to have them join our Team and are looking forward to walking the path with you every step of the way!! 💪🤩

Douglas is the big brother in the house and has two younger sisters. He loves holidays with his family in the bushveld and most importantly braaiing. At school, he was the Deputy Head Boy at Dr. Malan where his portfolio consisted of Academics and accounting. He has a huge passion for sports and has his SA clothes in Kickboxing and Target shooting, he also plays golf and is currently trying to go pro. He loves Country music but ironically, he can’t hold a beat to save his life. He’s intellectual and creative, he was in the Top 10 throughout his school career, and he is independent, thoughtful, and well-based in his faith as a bible believing Christian. He is not sure what he will be doing with his first salary, most probably investing it in himself…He loves accounting and challenges and is looking forward to his studies.

🌐🖥️😁👍👍
TJBothaSpangenberg Incorporated
+2711 907 2004 | www.tjbotha.co.za
(SA)

WELCOMING OUR NEW SAICA TRAINEES | CA2025 – aspiring CA’s

Welcoming our SAICA 2023 trainees with the start of their journey to become future CA(SA)’s. We are privileged to have them join our Team and are looking forward to walking the path with you every step of the way!! 💪🤩

Amy-Leigh is over the moon to start on her journey to become a Chartered Accountant, like her favorite pop star Selena Gomez’s song, “Who Says” – she doesn’t want to be anybody else. She is the oldest of three and has two younger sisters whom she loves spending time with. Her favorite food is pizza and a coffee milkshake, with her first salary she will be treating herself and her sisters to a lunch date. Just like her star sign, Aries, her personality traits include being passionate, bold, determined, and confident. She has an adventurous streak and did cable-tie jumping her most loved four-legged kids Zoly and Mina stole her heart. She loves numbers and challenges and is eager to start her studies.

🌐🖥️😁👍👍
TJBothaSpangenberg Incorporated
+2711 907 2004 | www.tjbotha.co.za
(SA)

SARS IMPORTANT DATES | FEBRUARY 2023

It’s the month of February mostly recognized for Valentine’s Day, flowers, and very hot temperatures in South Africa😁. Important dates to take note of for the month is here, ensure timeously submission, and pay off your SARS liabilities, to avoid paying unnecessary interest and penalties.

We can assist with your monthly payroll, value-added taxes, and submission of the relevant returns to SARS.

👇🌸🌸🌸🌸

Contact us > +2711 907 2004 | www.tjbotha.co.za

SARS IMPORTANT DATES | JANUARY 2023

Our offices open😁>> Please note the important dates for January 2023 to avoid paying unnecessary interest and penalties.

We can assist with your monthly payroll, value-added-taxes, and submission of the relevant returns to SARS.

👇👇👇👇
Contact us > +2711 907 2004 | www.tjbotha.co.za

HAPPY NEW YEAR | JANUARY 2023

Our offices are now open!!

We are back and our team is well rested and ready to serve all our clients. We are looking forward to the new year and whatever it may hold.

SARS KEY DATES | DECEMBER 2022

The year is running to quick end.

Remember these important SARS submission dates.

We can assist with your monthly payroll, value-add-taxes and submission of the relevant returns to SARS.

👇👇👇👇
Contact us >>> +2711 907 2004 | www.tjbotha.co.za

SEASON’S GREETINGS | IMPORTANT NOTICE

Our offices will close 9 December and re-open 4 January 2023.

We would like to extend our sincere appreciation to our client for your continued support and partnership and looking forward to building on these relationships in 2023.

Our team wished you and all those close to you a very Merry Christmas and safe journey if you traveling for the holidays.

-SEASON #2023

SARS KEY DATES | DECEMBER 2022

The year is running to quick end with only a few weeks left. Remember these important SARS submission dates.

We can assist with your monthly payroll, value-add-taxes and submission of the relevant returns to SARS.

👇👇👇👇
Contact us >>> +2711 907 2004 | www.tjbotha.co.za

SEASON’S GREETINGS | IMPORTANT NOTICE

Our offices will close 9 December and re-open 4 January 2023.

We would like to extend our sincere appreciation to our client for your continued support and partnership and looking forward to building on these relationships in 2023.

Our team wished you and all those close to you a very Merry Christmas and safe journey if you traveling for the holidays.

#2023

SARS KEY DATES | DECEMBER 2022

The year is running to quick end with only a few weeks left. Remember these important SARS submission dates.

We can assist with your monthly payroll, value-add-taxes and submission of the relevant returns to SARS.

👇👇👇👇

Contact us >>> +2711 907 2004 | www.tjbotha.co.za

IMPORTANT NOTICE | SARS ADMINISTRATIVE PENALTIES FOR LATE SUBMISSION OF TAX RETURNS

With effect from 1 December 2022*, administrative penalties relating to the late submission of a tax return will be charged when one or more tax return(s) relating to tax years from 2007 up to 2020 are outstanding. Prior to this change, taxpayers were only liable for administrative penalties for late submission if they had two or more returns outstanding for these tax years.

*Government Gazette Notice 1531, published in Government Gazette No. 45540 on 26 November 2021

TOP TIP: Regardless of whether you agree or disagree with the admin penalty it is advisable to submit your outstanding returns to stop further admin penalties.

Penalties will reoccur for every month the return(s) remains outstanding for a maximum of 35 months.

Administrative non-compliance penalty can range from R250 up to R16,000 a month for EACH month that the non-compliance continues and is based on a taxpayer’s taxable income.

What if I don’t agree with the Penalty?
The Taxpayer can submit a Request for Remission (RFR) to dispute any penalty levied due to non-compliance and must provide reasons for the non-compliance and for the request to be considered.

What if I don’t pay my Admin Penalty?
SARS will appoint an agent (such as your employer) to collect the money on its behalf.

Our Team can assist you to submit your return and advise on a best approach forward.

Contact us today!
👇 👇 👇 👇

+2711 907 2004 | www.tjbotha.co.za

IMPORTANT NOTICE | SARS ADMINISTRATIVE PENALTIES FOR LATE SUBMISSION OF TAX RETURNS

With effect from 1 December 2022*, administrative penalties relating to the late submission of a tax return will be charged when one or more tax return(s) relating to tax years from 2007 up to 2020 are outstanding. Prior to this change, taxpayers were only liable for administrative penalties for late submission if they had two or more returns outstanding for these tax years.

*Government Gazette Notice 1531, published in Government Gazette No. 45540 on 26 November 2021

TOP TIP: Regardless of whether you agree or disagree with the admin penalty it is advisable to submit your outstanding returns to stop further admin penalties.

Penalties will reoccur for every month the return(s) remains outstanding for a maximum of 35 months.

Administrative non-compliance penalty can range from R250 up to R16,000 a month for EACH month that the non-compliance continues and is based on a taxpayer’s taxable income.

What if I don’t agree with the Penalty?
The Taxpayer can submit a Request for Remission (RFR) to dispute any penalty levied due to non-compliance and must provide reasons for the non-compliance and for the request to be considered.

What if I don’t pay my Admin Penalty?
SARS will appoint an agent (such as your employer) to collect the money on its behalf.

Our Team can assist you to submit your return and advise on a best approach forward.

Contact us today!
👇 👇 👇 👇
+2711 907 2004 | www.tjbotha.co.za

TRUE OR FALSE | WHEN I ONLY RECEIVE AN IRP5 FROM MY EMPLOYER, I DON’T NEED TO SUBMIT AN INCOME TAX RETURN?

If I ONLY receive an IRP5 from my Employer and NO other income such as exempt local dividends and interest do I still need to file a Personal Income Tax Return with SARS?

This is not a quick yes or no answer. You need to look further…

- Did you receive an allowance such as travel, subsistence or office bearer allowance on your IRP5? Yes – you need to submit a return
- Did you receive an Income Tax Return or where you asked to submit an Income Tax Return for the tax year? Yes – you need to submit a return
- Are you claiming tax related deductions/rebates (e.g. medical expenses, retirement annuity contributions other than pension contributions made by your employer, travel)? Yes – you need to submit a return
- Do you earn more that R500,000 from a single employer? Yes – you need to submit a return

We can assist in submitting your Income Tax Return.

Contact us today!

👇 👇 👇 👇
+2711 907 2004 | www.tjbotha.co.za

LEGISLATIVE UPDATE | FINANCIAL INTELLIGENCE CENTRE ACT 38 OF 2001

Increase in F**A Cash threshold reporting amount

As from 14 November 2022 the prescribed amount of cash above which a transaction must be reported will be R49,999; and the information that must be reported concerning a cash threshold will be amended.

All Reporting Institutions such as Attorneys, Estate Agents, Bank, Financial instrument trade etc. to take note.

Our services include Accounting, Taxation, Auditing and Administration of Deceased Estates and Trusts

👇 👇 👇 👇
+2711 907 2004 | www.tjbotha.co.za

DEPARTMENT OF LABOUR | NOTICES ISSUED UI-19 SUBMISSIONS

UIF withdraws Gauteng circular on the discontinuance of accepting Manual UI-19 forms.

For more information read the notice issues by the Department at https://www.gov.za/speeches/uif-withdraws-gauteng-circular-discontinuance-accepting-manual-ui-19-forms-21-oct-2022-0000

SARS KEY DATES | NOVEMBER 2022

Don’t get caught up in the Black Friday month rush😁 >> remember your SARS submissions.

We can assist with your monthly payroll, value-add-taxes and submission of the relevant returns to SARS.

👇👇👇👇
Contact us >>> +2711 907 2004 | www.tjbotha.co.za

SARS COMPLIANCE | SUBMISSION DUE: 24 OCTOBER 2022 (only 4 DAYS left!! 😲😲)

REMINDER>>> To ALL Non-Provisional Individual Taxpayers and Trust to submit their Individual Income Tax Return (ITR12) by Monday, 24th of October 2022 for the 2022 Year of Assessment (February 2022).

Important to make sure your status as a Provisional Taxpayer.

It’s not automatic and does not remain the same each year, it can change depending if you meet the definition in par.1 of the 4th Schedule of the Income Tax Act, you MAY BE a Non-Provisional Individual Taxpayers for the 2022 year of assessment.

ADDITIONAL REMINDER>>> Auto-assessed Non-Provisional Taxpayers are required to check if they agree with the SARS auto-assessed assessment on their e-filing profile. If you are NOT in agreement you need to submit a Return. The deadline for this is Monday, 24th of October 2022.

Our Team can assist.

Contact us today!

👇 👇 👇 👇

+2711 907 2004 | www.tjbotha.co.za

EMPLOYER INTERIM RECONCILIATION | DUE>>> 31 OCTOBER 2022

Don’t wait until the 31st of October 2022 to file your declaration.

Why is it important to submit an accurate EMP501 return on time? 🤔

If an employer submits the EMP501 late, administration penalties will be charged. The penalty will equal 1% of the year’s PAYE liability, which will increase each month by 1% point up to 10% of the year’s PAYE liability.

Furthermore, an Employer who wilfully or negligently fails to submit and EMP201 or EMP501 return to SARS is guilty of an offence and is liable, upon conviction, to a fine or imprisonment for a period of up to 2 years.

Our Team can assist with your submission.

Contact us today!

👇 👇 👇 👇
+2711 907 2004 | www.tjbotha.co.za

SARS KEY DATES | OCTOBER 2022

We can assist with your monthly payroll, value-add-taxes and submission of the relevant returns to SARS.

👇👇👇👇
Contact us >>> +2711 907 2004 | www.tjbotha.co.za

TAKE NOTE: SARS PERSONAL INCOME TAX >> AUTO REGISTRATION

From October 2022 SARS will initiate Auto Registration for Individuals that is NOT registered for tax, based on 3rd party data that indicates economic activity of the Individual.

SARS will send a SMS and letter to such individuals informing them how to access SARS services and what the individuals right and obligations are.

What is next if I am Registered from the Auto Registration?

It’s important for newly registered taxpayers to register for eFiling and file their returns.

Our Team can assist with your Registration.

Contact us today!

👇 👇 👇 👇
+2711 907 2004 | www.tjbotha.co.za

SARS KEY DATES | JULY 2022

We can assist with your monthly payroll, value-add-taxes and submission of the relevant returns to SARS.

👇👇👇👇

Contact us > +2711 907 2004 | www.tjbotha.co.za

UPDATE: Tax season 2022 for Individuals is open!!

Selected Non-Provisional Taxpayers that has been auto-assessed by SARS must ensure that their return is filed within 40 business days. 👍👍👍

The auto-assessment may result in you losing out on your full refund or, worse still, not receiving a refund at all. The auto-assessment does not include any additional permissible tax deductions such as medical expenses, donations, home office deductions, travel allowance deductions or any expenses incurred in the production of income.

Non-Provisional Taxpayers that has not been auto-assessed by SARS the deadline is 24 October 2022.

Our Tax Specialists can assist with your submission.

Contact us today!

👇 👇 👇 👇

+2711 907 2004 | www.tjbotha.co.za

-Assessment

SARS KEY DATES | JUNE 2022

We can assist with your monthly payroll, value-add-taxes and submission of the relevant returns to SARS.

👇👇👇👇
Contact us +27 907 2004
e-mail: [email protected]
http://tjbotha.co.za/

Contact us to assist you with your EMP501 submissions
Email - [email protected]

EMPLOYER ANNUAL RECONCILIATION SUBMISSION

The Annual Reconciliation Declaration (EMP501) submission period is open from 1 April - 31 May. Employers must submit their annual reconciliation declarations for the tax year that started on 1 March 2021 & ended on 28 February 2022, using e@syFile™ or SARS eFiling.

For more information, visit www.sars.gov.za

PAYE | Annual Reconciliation 2022 starts 1 April

Annual Reconciliation Declaration (EMP501) submission period opens from 1 April to 31 May. Employers are required to submit annual reconciliation declarations for the full tax year from 1 March 2021 to 28 February 2022.

We can assist Employers with their emp501 submission to the South African Revenue Service (SARS).

Contact us today.
e-mail: [email protected]
http://tjbotha.co.za/

SARS KEY DATES | APRIL 2022

With Easter weekend just upon us note the important dates for submission of relevant returns to the South African Revenue Service (SARS).

We can assist with your monthly payroll, value-add-taxes and submission of the relevant returns to SARS.

Contact us:
e-mail: [email protected]
http://tjbotha.co.za/

Congratulations Christi on the approval of your Portfolio of Evidence submitted for the ADP Program with the Independent Regulatory Board for Auditors IRBA.

We are proud of you.

Christi is now eligible to register as a Registered Auditor with IRBA.

Trust Online Registration – Submission of supporting documents

When submitting supporting documents for the Trust income tax registration via SARS Online Query System, please note:

A maximum size up to 5MB per document can be uploaded.
Documents must not be blank, password protected or encrypted.
The system accepts the following formats, pdf, doc, docx, xls, xlsx, gif, jpg, jpeg, bmp or png.

https://bit.ly/3uHW4Iw

Media Release - SARS Collects R1.564 trillion | South African Revenue Service In its 25th anniversary year, the South African Revenue Service (SARS) is pleased to announce the 2022 preliminary tax revenue collection outcome after the second year of national COVID-19 lockdown regulations.

PAYE Annual Reconciliation 2022 starts 1 April | South African Revenue Service 30 March 2022 – Annual Reconciliation Declaration (EMP501) submission period opens on 1 April and closes on 31 May. Employers are required to submit their annual reconciliation declarations covering the full tax year from 1 March 2021 to 28 February 2022. For more detail on this year’s enhanceme...

Congratulations to Lizaan Prinsloo on your achievement, we are proud of you. Good luck with the next step in becoming CA(SA).

DEPARTMENT OF LABOUR: RETURN OF EARNINGS (WA.s2) 2022

ROE ONLINE SYSTEM TEMPORARY SHUTDOWN ALERT

The Department issued a Notice to all Employers that the Compensation Fund will have a temporary shut-down of the ROE Online System from 18 March 2022 (16h00) until midnight 31 March 2022.

Service that will be impacted during the ROE Online system shut down period:

Employer registrations (including CIPC BizPortal platform as well as through the CF’s back-office processes);

Employers will not be able to declare any Returns, either online or manually during this time;

The auditing of employers who are flagged for audit

No instalment applications will be considered during this period

When submission opens on 1 April 2022 please note the Maximum Earnings on the Actual earnings is R506,473 ( 1 March 2022 to February 2022) and for the Provisional Assessment R529,264 (1 March 2022 to 28 February 2023)

#2022

RAND MUTUAL ASSURANCE

We have reached that time of the year where you need to renew your COID policy cover for 2022. The submissions of the actual earnings for 2021 and payment of your invoice is due by 31 March 2022 to qualify in receiving your letter of Good Standing on time. If there is a variance of more than 20% between the 2021 actual and 2022 estimated earnings you will be required to provide the RMA with a copy of your audited payroll report or EMP501/201 for 2021 to support the variance. E-mail reports to [email protected].

RMA is for Class IV (Mining) and Class XIII (Iron, Steel, Metal and related industries).

Delict – Duty of Care
“Skade rus waar dit val”

Agreements were concluded by a plaintiff with a developer for the sale of abutting immovable properties, with a plan to build a sectional title development. The transaction was unusual, entailing a substantial risk in that it involved the plaintiff’s homes being demolished to allow for the new development. The agreements were prepared by the attorneys. The property market crashed, units were not sold and the development imploded. It was never completed except for foundations and a unit that achieved roof height, and the plaintiffs lost their homes. The plaintiffs’ claim in delict alleges that the attorneys owed them a duty of care and acted negligently and in breach of the duty.

The court concluded that the principle in delict that everyone has to bear the loss he or she suffers (skade rus waar dit val) must apply in these circumstances.

Nienaaber NO v Nelson Attorneys [2022] 2645–2011 (ECP)