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Posted by on in ETI News
Tax incentives create jobs in South Africa Thousands of new jobs was created due to tax incentives. The department of trade and industry approved over R20 billion in finance during 2016 / 2017.  27 000 new jobs was created and it is estimated 108 000 indirect jobs. These incentives have helped to keep jobs in industrial sectors. The employment tax incentive provides a monthly cash benefit to those who qualify. Talk to us today to find out how we can unlock and maximise the cash benefits for your business! All our clients enjoy the benefit of compliant incentives and tax processes. With over 40 years corporate, business tax and incentive experience you know you are in good hands. We focus on maximizing benefits for our clients through innovative value adding products and business advisory services. Get your full ETI benefit. Contact us today.  ...
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Posted by on in ETI News
Did you know? ETI back claims to end Feb 2017 I am not sure what the ETI is?  The ETI is an incentive that was introduced by Government to encourage employers to hire young unskilled labour. The ETI allows for all races and genders and uses basic criteria to determine whether you qualify for an immediate monthly cash benefit. I have heard about ETI and would like to find out how it can unlock cash for my business. There are some basic requirements that you should be aware of before proceeding. We value your time so before you continue reading answer only the following questions;- Read more here - Most asked questions about ETI (employment tax incentive)....
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Posted by on in ETI News
Employment Tax Incentive Extension The Employment Tax Incentive (ETI), is an incentive from government to assist with the employment of youth in South Africa. The incentive started in 2014 and is available to businesses in South Africa. R6.3 billion was claimed between January 2014 and February 2016. ETI claims increased in the last half of 2015. ETI supported around 15 per cent of all jobs in the entire youth cohort of 18 to 29 year olds, this is 645 973 people. The incentive is focused on people between the ages of 18 and 29, earning less than R6000 per month. In a draft Taxation Laws Amendment Bill, 2016, it is suggested to extend ETI to February 2019. We can assist with your ETI. Contact us now....
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SARS might discontinue claims on historic ETI the end of February 2017

Since January 2014 companies have been able to claim ETI for qualifying employees.

The process of claiming back from SARS is often misunderstood or viewed as too daunting by companies and therefore not worth the effort. 

In recent months, it has been reported that SARS might discontinue claims on historic ETI the end of February 2017. The time for companies is therefore running out, as this means that all historic ETI will be lost. 

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Posted by on in ETI News
ETI R20 million cap removed An amendment was suggested on the Employment Tax Incentive where a company will be capped at R20 million for an ETI claim. Finance Minister Pravin Gordhan suggested the cap be removed from the amended tax bill. The employment tax incentive is available to all businesses. There are specific requirements to be able to claim. If you need assistance with your ETI claim, please contact us.  Treasury has determined 1 out of ever 10 jobs in South Africa can be attributed to the ETI initiative.  The ETI has been extended for another 2 years. Other changes are under review regarding the ETI. We assist companies to be compliant with the Employment Tax Incentive. ...
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Making a difference

The reason we help companies claim ETI is because we want to create opportunities for youth to find employment. If we can employ the youth, over 40% of whom are unemployed, we will make a significant difference in improving their lives and the state of the economy. Read more about ETI

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