Cosslett and Associates Inc

30/10/2026

SARS published a guide for influencers and content creators this month. The principles in it reach a lot further than influencing.

Free product, a trip, a service — received in exchange for promotion? That’s income. Payouts from foreign platforms aren’t automatically exempt; SA residents are generally taxed on worldwide income. And provisional tax and VAT are separate questions from your annual return.

Worth noting the compulsory VAT registration threshold rose from R1m to R2.3m on 1 April 2026.

Side venture, barter arrangements or overseas platform income? Worth checking how it’s been treated.

30/10/2026

If you employ anyone, this closes tomorrow.

The EMP501 interim reconciliation matches the PAYE, UIF and SDL you declared each month against what you actually paid over to SARS, for 1 March to 31 August. It includes interim IRP5/IT3(a) certificates for every employee.

Late submission costs 1% of your annual PAYE, rising 1% a month to a 10% cap. That’s a percentage, not a flat fine — it scales with your payroll. Unclaimed Employment Tax Incentive can also be forfeited.

Most problems come down to the same two things: certificate figures that don’t reconcile, and missing employee tax numbers. Rather check today than Monday.

30/10/2026

The Medium-Term Budget gave business two things worth knowing.

From 4 November to 1 December, the fuel levy drops R3/litre on diesel and R1.50 on petrol. Then it halves — R1.50 and R1 a litre — until 5 January 2027. If you run vehicles, deliveries or generators, that’s real money across your busiest weeks, and it steps back down in January. Forecast both legs.

Tax revenue also came in R17.1bn ahead of February’s estimate. That eases pressure for new taxes next year, but February’s Budget is what sets the rates.

General information, not advice. Happy to look at what it means for your Q4 cash flow.

21/10/2026

21/10/2026

IMPORTANT NOTICE: UPDATED COMPANY DIRECTOR AMENDMENT PROCESS

The Companies and Intellectual Property Commission (CIPC) is strengthening the company director amendment process to enhance security and prevent unauthorised changes to company records.

The updated process, released on 16 October 2026, will be implemented in phases. The first phase will apply to small companies where directors and shareholders are the same individuals.

Key changes include:
🔹 OTP verification by a majority of the board to confirm newly appointed directors within the prescribed timeframe.
🔹 Applications will be terminated if the required confirmations are not received within the stipulated period.
🔹 Enhanced ICT security measures and slight changes to the system’s look and feel.

These measures aim to protect companies’ interests and strengthen the integrity and accuracy of CIPC’s registers.

⚠️ Legal reminder: In terms of Section 214(1)(b) of the Companies Act, knowingly providing false or misleading information for fraudulent purposes constitutes an offence.

See full notice: https://brnw.ch/21x6vvu

12/10/2026

#2026

12/10/2026

#2026