Wayne Smith and Associates

You left South Africa but your tax obligations remain unless you deal with them. We can assist Call us or email us.

It is challenging for all with fuel and food prices increasing. Take time to budget and see where you can cut unnecessary spending until the economic conditions improve.

South Africans cutting off streaming services, medical aid, and downsizing their homes South Africans are forced to cut back on discretionary spending, cancel subscriptions, reduce medical spending, and even move into smaller homes to stay afloat.

Team building time at WSA. Accountants can also enjoy themselves!

We are always available, ready to assist with taxation, accounting, payroll, audit and statutory work. Call us on 011 781 0172. Or email [email protected].

This is who we are… and why you should use us!

It’s tough out there, make sure your company can withstand the changes in the economy.

Do you know what turnover you need to make to cover your monthly expenses?
Do you know your monthly expenses? Are you saving enough for asset replacement?

These are some of the basic questions you should be asking yourself as a business owner.

Calm before the storm for South Africa South Africa is expected to report modest economic growth next week, but economists warn that the hard hit is still coming.

Hope you all lodged your EMP501 reconciliation by 31 May 2026 due date. If not lodged send us an email, we will contact you and assist in getting you compliant. [email protected].

SARS has issued guidance to employers on how to submit the Employer Reconciliation (EMP501) where an employee’s income tax reference number is unavailable, and the employee cannot be contacted.

This FAQ applies to all employers submitting EMP501 reconciliations via e@syFile™ Employer or eFiling.

Importantly, where all reasonable attempts to contact the employee have been unsuccessful, employers may still proceed with the reconciliation submission. In such instances, the employer should not finalise the certificate, but rather delete or cancel it, and capture the PAYE amount under “Tax paid on behalf of employee” on the EMP501.

Employers should note that where an employee’s income tax reference number is not captured, the PAYE deducted cannot be allocated to the employee’s tax record. As a result, the employee will not receive the benefit of the PAYE during assessment. The employee will subsequently need to contact the employer and provide their income tax reference number for the matter to be resolved.

The full set of FAQs is available here:https://www.sars.gov.za/wp-content/uploads/Docs/PAYE/Letters/How-to-submit-the-EMP501-when-the-Income-Tax-Number-is-not-available-May-2026.pdf, and employers are encouraged to consult the document for further guidance.