Small medium practices (SMPs) are adversely impacted by complex regulations and standards. The South African Institute of Chartered Accountants (Saica) has introduced a series of workshops to help SMPs bridge the regulatory gap. Hlakudi Ramphelane, MCom CA(SA) and a senior lecturer in external auditing at Unisa, and a member of Saica’s Assurance Guidance Committee, gives more insight.
Few of us ever test our powers of deduction, except when filling out an income tax form.” (Laurence J. Peter)
In this article, we look at the who, how and when of this 2022 Tax Season; highlight some issues that require special attention; and suggest practical next steps to help you avoid the last-minute rush, the risk of errors and omissions, and the cost of late submissions, penalties and audits.
At a glance
Tax Season 2022 opens 1 July 2022 – here is a quick overview of who must submit, how they must do so and when by: