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Turnover Tax vs Normal Company Tax: Which System Suits a Small Business?
Turnover tax is a simplified tax system for qualifying micro businesses. From 1 April 2026, the qualifying annual-turnover ceiling increased
Articles
Read practical financial compliance articles for South African businesses, covering SARS, CIPC, trusts, payroll, retainers and business systems.
SARS Registered Representative and Public Officer Updates: Why Access Gets Blocked
A legal entity cannot act on its own, so SARS records a natural person as its SARS registered representative. For
SARS Administrative Penalties: How to Stop Recurring Monthly Penalties
SARS administrative penalties may be imposed at a fixed-amount for qualifying non-compliance, commonly an outstanding return. The penalty can recur
EMP501 Reconciliation and IRP5 Certificates: A South African Employer Guide
The EMP501 reconciliation is an important payroll compliance process that compares the employee tax certificates generated from the employer’s payroll
EMP201 Monthly Employer Returns: How to Avoid Payroll Tax Errors
The EMP201 is the monthly payment declaration used to allocate PAYE, SDL, UIF and Employment Tax Incentive amounts where applicable.
PAYE, UIF and SDL Registration for South African Employers
When a business becomes an employer, registration may be required for PAYE, UIF and SDL. The tax types are related
Company Income Tax Returns: A Practical ITR14 Guide for South African Businesses
A company’s ITR14 declares its income, expenses, assets, liabilities and tax calculation for the year of assessment. It is generally
Provisional Tax in South Africa: An IRP6 Guide for Companies and Individuals
Provisional tax is not a separate tax. It is a system of paying income tax in advance through estimated taxable
VAT Registration in South Africa: 2026 Thresholds, Timing and Practical Steps
From 1 April 2026, the general compulsory VAT registration threshold increased to R2.3 million in taxable supplies, and the general
South African Company Compliance Checklist for 2026
A compliant company needs more than one annual submission. Directors should monitor CIPC annual returns and beneficial ownership, SARS income
Memorandum of Incorporation and Authorised Share Changes: A Practical Guide
The Memorandum of Incorporation, or MOI, is the company’s founding governance document. It sets the rules within which the company,
Share Certificates and Securities Registers: What South African Companies Must Keep
A share certificate is evidence of the securities registered in a holder’s name, while the securities register is the company’s
Changing Company Directors at CIPC: Documents, Resolutions and Common Delays
Changing Company Directors should be supported by a valid corporate decision and matching company records before it is submitted to
Company Deregistration and Company Reinstatement in South Africa: What to Do Next
A company or close corporation may be deregistered after continued failure to file annual returns or through a voluntary process.
CIPC Annual Returns: Deadlines, Beneficial Ownership and Deregistration Risk
A South African company or close corporation must file CIPC annual returns each year. Companies generally file within 30 business
Beneficial Ownership in South Africa: What Companies Must File with CIPC
South African companies and close corporations must keep their beneficial ownership information current and file the required declaration with CIPC.
Why Work with LMW Financial Solutions?
We combine practical support with smart system to help your business stay compliant, organised and ready to arow.
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Years of experience in compliance, systems and business support
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Solutions designed around how your business actually works
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Ongoing support so you're never left figuring it out by yourself
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Systems and processes that help your business grow with confidence