Provisional Tax: The Basics
If you earn income that is not taxed at source, you are probably a provisional taxpayer. What that means and when the payments fall due.
Read article →Business Resources
Quoting, invoicing, VAT and getting paid, for people running the business rather than the accountants advising them. Anything we publish about SARS or the VAT Act is checked against the source and carries the date it was verified.
Page 4
Getting Quote Acceptance in Writing
A verbal yes is where most job disputes begin. What counts as acceptance, and the easiest ways to get it recorded.
Read article →
Debit Notes: Correcting an Undercharge
A credit note reduces an invoice. A debit note increases it. When you need one and what it must contain.
Read article →
Invoicing International Clients
Currency, payment routes and what to put on the invoice when your client is abroad. Plus the VAT question that needs proper advice.
Read article →
Time of Supply: When VAT Falls Due
VAT is generally accounted for when the invoice is issued or payment is received, whichever comes first. Why that catches businesses out.
Read article →
Recording Partial Payments
A client pays part of an invoice. How to record it, what to chase, and why you should never issue a second invoice for the balance.
Read article →
Invoice Disputes: When a Client Objects
Most invoice disputes are scope disputes that surfaced late. How to handle one without losing the client or the money.
Read article →
VAT201 Returns: What and When
The VAT201 is the return every registered vendor submits. What goes on it, when it is due, and the penalties for filing late.
Read article →
Charging VAT When You Are Not Registered
Adding 15% to an invoice when you are not a registered vendor is a contravention of the VAT Act. What to do instead, and how to fix it if it has happened.
Read article →