Under South African tax law, you are considered a South African tax resident if you meet either the Ordinary Residence Test or the Physical Presence Test. Let’s unpack both clearly. 🇿🇦 1. Ordinary Residence Test This is the main test—and it’s all about your intentions…
Making Tax Digital (MTD) is HMRC’s ambitious plan to modernise the UK tax system. It’s designed to make tax more accurate, more efficient, and ultimately more manageable — but let’s be honest: for many small business owners and landlords, it’s going to feel like a big…
At EOACC, we’re big believers that accurate management accounts aren’t a “nice to have” — they’re essential if you want to run a serious business, stay in control, and make smart decisions. But for your management accounts to be useful (and not just a pile of random…
At EOACC, we believe bookkeeping is the backbone of any successful business. EOACC and your bookkeeper work together to ensure that backbone is strong and reliable, whether through collaboration or full-service support. It’s not just data entry or admin — it’s the…
1. Attribution of CFC Income If you’re a South African resident who directly or indirectly holds more than 50% of a foreign company’s participation rights, SARS may attribute that company’s net income to you. That means: The net income of the CFC (calculated…
Hiring staff in South Africa is increasingly attractive for global companies seeking skilled, English-speaking talent and access to new markets. But before you dive in and start hiring, it’s essential to understand the local employment and tax landscape. Whether…