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If you were hoping that the SARS interest rates for 2023 would be better than those in 2022, then we hate to disappoint you. While they do remain high and SARS (The South African Revenue Service) has increased their interest rates, it is important to...

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If you have a company with employees, then you will be required to submit an EMP501 reconciliation form. It is extremely important that you do this submission correctly, and do not miss the due date on this submission. In this article, we will cover ...

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Get the Payroll and HR Support and Service You Need When You Need It! As a business owner, you know that payroll and HR are crucial parts of running a successful company. However, these tasks can be time-consuming, complicated, and prone to errors. ...

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Running a business is stressful and challenging enough, never mind the added complication of tax and ensuring your tax year-end runs smoothly. However, in order to ensure your business complies with legislation and does not get into trouble, it is im...

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What is the use of a SARS Tax Calculator in 2023? It is nearing that time of the year again. SARS is knocking on our doors and we have to ensure that we have all of our ducks in a row and pay our Taxes for 2023. It can be daunting to calculate and ma...

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The Minister of Finance, Mr. Enoch Godongwana, delivered his inaugural National Budget Speech 2022 in Parliament on 23 February 2022. We’re bringing you all the information you need, including the Ministers speech, key documents relating to the budget, and an easy-reference Budget Speech Highlights infographic.

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Following the ruling of the Court of Appeal on the NSSF Act No. 45 of 2013, the National Social Security Fund (NSSF) has asked all employers to immediately comply with the court verdict that allowed an increase in monthly contributions to take effect...

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We are excited to announce that PaySpace will be the title sponsor for the upcoming A1Padel PaySpace Cape Town Master 2023  world tour event kicking off in Cape Town, South Africa. Taking place from February 13th to 19th, the tournament will feature ...

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Following the promulgation of the Finance (No. 2) Act, 2022, the ZWL tax threshold has increased from ZWL 900 000.00 to ZWL 1 100 000.00 along with consequential amendments to the tax bands, with effect from 01 January 2023. No changes on USD tax ...

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The Moroccan government has published the Finance Law for the 2023 budget year. The following changes are affecting payroll: 1. Professional expenses deduction - increasing the rate of deduction of expenses inherent to the function or employment f...

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