Author: Colin Timmis

The South African Revenue Service (SARS) 2020 revenue outcome highlighted the severe economic impact of COVID‐19 on a struggling economy. As a result, expectations of tax base growth have deteriorated since the 2020 Budget. Effective tax collection and expanding the tax-payer base are key ingredients to fostering economic growth. That’s why it’s more important than ever for SMBs to file their taxes correctly and on time to avoid a nasty fine. The secret to successful filing is not leaving things to the last minute. As tax deadlines approach, SARS becomes busier and waiting times get longer. That’s why now is…