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    SARS: waiving of penalties and deferral of tax debt

    by Cormac McCreesh May 6, 2020

    COVID-19 tax relief measures  SARS have updated their website with the latest relief measures relating to COVID-19. The following is a direct copy and paste of the text from SARS. Here is the link to the site page if you prefer to read it there:…

    COVID-19 tax relief measures

    Additional COVID-19 tax relief measures – 21 April 2020

    by Cormac McCreesh April 27, 2020

    The Minister of Finance provided more detail on the additional COVID-19 tax relief measures announced by President Ramaphosa on 21 April 2020. There were also some new measures announced that had not been originally mentioned in the President’s speech of 21 April 2020. These are…

    COVID-19 tax relief measures

    COVID-19 Lockdown: UIF Benefits during the lockdown

    by Cormac McCreesh April 6, 2020

    Employers may choose to shut down operations during the lockdown or (if possible) implement reduced working hours. In the first instance, the employee will receive no income and in the second instance, the employee will receive part of his/her monthly income.  The UIF can be…

    COVID-19 tax relief measures

    COVID-19 Lockdown: Temporary Employee Relief Scheme (“COVID19TERS”)

    by Cormac McCreesh April 6, 2020

    This is a separate benefit scheme (separate from normal UIF benefits with its own set of forms and requirements) which cannot be claimed at the same time as the UIF ‘reduced working time’ benefit. It applies where the company has closed its operations as a…

    COVID-19 tax relief measures

    COVID-19 Lockdown: Deferral of provisional tax payments

    by Cormac McCreesh April 5, 2020

    Effective date (period for which this relief is available) – 1 April 2020 to 31 July 2020.  Applies to small or medium sized businesses Where a small or medium sized businesses is defined as any company conducting a trade with an annual turnover not exceeding…

    COVID-19 tax relief measures

    COVID-19 Lockdown: Deferral of employees tax (PAYE) payable

    by Cormac McCreesh April 5, 2020

    Effective date (period for which this relief is available) – 1 April 2020 to 31 July 2020.  Compliance – tax returns may not be in arrears and there must be no outstanding debt with SARS (unless there is some arrangement with SARS or the debt…

    COVID-19 tax relief measures

    COVID-19 Lockdown: Employment Tax Incentive (“ETI”) relief

    by Cormac McCreesh April 5, 2020

    Treasury is expanding the ETI program for a limited period of 4 months in order to minimise the loss of jobs as a consequence of the 21 day lockdown period which commenced on 27 March 2020.  Effective date (period for which this relief is available)…

    COVID-19 tax relief measures

    COVID-19 Lockdown: SA Banks current position

    by Cormac McCreesh April 3, 2020

    Please note that the following is changing rapidly and the following is valid at 2 April 2020. The information below was sourced from SA Accounting Academy “The measures offered by SA’s commercial banks fall short of those offered by banks elsewhere in the world (for…

    COVID-19 tax relief measures
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    Setting you and your business free

    by Cormac McCreesh August 22, 2019

    At McCreesh & Associates we love the energy that comes with starting and growing businesses. We also love to see people succeed and to help them sustain and increase their successes. Which is of course why we find ourselves in the business of advice, accounting,…

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    • COVID-19 tax relief measures (8)
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    McCreesh & Associates offers bespoke administration, taxation, accounting, fiduciary and financial advice and solutions to private individuals, partnerships, trusts and companies. With over thirty years’ worth of specialized financial structuring, accounting and tax planning experience, our firm is well-placed to support your interests and grow your assets.

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    SARS: waiving of penalties and deferral of tax debt
    By Cormac McCreesh
    0
    Additional COVID-19 tax relief measures – 21 April 2020
    By Cormac McCreesh
    0
    COVID-19 Lockdown: UIF Benefits during the lockdown
    By Cormac McCreesh

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