Entries by icba

Small business support during COVID-19

The uncertainty and financial strain being placed on entrepreneurs and small business owners by the global coronavirus pandemic is being alleviated somewhat by a host of public and private support schemes. Small business owners and informal traders are amongst the South Africans who are most heavily impacted by the lockdown. In order to get through […]

END-MAY DEADLINE FOR EMPLOYER DECLARATIONS FAST APPROACHING

Employers are reminded that all Employer Annual Reconciliation Declarations (EMP501), Employee Tax Certificates [IRP5/IT3(a)s] and, where applicable, Tax Certificate Cancellation Declarations (EMP601) for the period 1 March 2018 to 28 February 2019 must be submitted to SARS by 31 May 2019. It is crucial for employers to submit their annual reconciliation within the deadline and […]

COVID-19 | TAX RELIEF MEASURES

National Treasury and SARS are proposing the following set of measures to help businesses focus on staying afloat and paying their employees and suppliers. Useful links: SARS general COVID-19 information SARS Customs specific COVID-19 information General Tax Relief FAQs Apply for Small Business Relief through the Department of Small Business Development Apply for UIF through the Department […]

ACCA SPECIAL

ACCA is offering ICB registered students who have completed their ICB National Diploma Financial Accounting NQF 6 qualification the following special; Item Standard Price Offer Price* Initial Registration £40.00 £30.00 Subscription year 1 £112.00 £0.00 Exemption AB (F1) £80.00 £30.00 Exemption MA (F2) £80.00 £30.00 Exemption FA (F3) £80.00 £30.00 Exemption LW (F4) £106.00 £30.00 […]

COVID-19 – Tax measures to counter impact of virus

Finance Minister Tito Mboweni on Sunday announced exceptional tax measures to counter the impact of the Coronavirus (COVID-19) pandemic. “The Minister of Finance has announced the following exceptional tax measures as part of the fiscal package outlined by President Cyril Ramaphosa on 23 March 2020 in his speech on the Escalation of Measures to Combat […]

COVID-19 – Current Interventions to Provide Relief to Businesses

As you know, President Cyril Ramaphosa announced a national lockdown with effect from midnight on Thursday, 26 March. As accountants, we’re duty-bound to support his efforts to mitigate and slow down the spread of the COVID-19 virus. At the same time, we need to make sure clients and businesses survive the lockdown. The President announced […]

Provisional Tax – Webinar on Demand

  The accurate calculation of provisional tax requires an applied knowledge of the very important underlying principles of provisional tax. In this Webinar on Demand series, Prof Jackie Arendse explains the following important considerations: – Who are classified as provisional taxpayers? – What are the requirements of a provisional taxpayer? – How do you calculate […]

COVID-19 CORONAVIRUS

**Latest Update** Friday, 27 March  March 2020 14:40 We as ICBA took the decision during the previous week to close our offices and work remotely and will continue to do so until the measures to combat the spread of the virus has been successful. We are committed to the Government’s regulations and will adhere to […]

Training and development benefits for BEE points

Being BEE compliant will enable a business to obtain better contracts, in addition, it provides credibility for the company.  Training staff members is beneficial for the company.   There are a number of benefits for implementing B-BBEE within a company, but when training has occurred, there are more employable people as training has taken place […]