Understanding a Tax Invoice

I am compelled to write on what I term the gross misuse of source accounting documents by some small and medium Enterprises (SMEs). It pains me to go in a business entity, make a cash purchase and the accounting source document you are given as proof of the purchase, is a document called tax invoice [...]

ZRA Online Tax Filing-Reasons and Benefits

It is evident that many people in Zambia still choose to file their tax returns with pencil and paper. Many still don’t realize that those days are long gone. Filing your taxes online with ZRA Tax online is not only easier, but much convenient than filling them manually. If you are still worrying [...]

How Professional Tax Software Can Benefit Even The Smallest Business

Professional tax software can be a powerful tool for many businesses and organizations. Since it can be challenging to navigate the murky world of taxes on one’s own, it’s important to have the resources to quickly and efficiently process tax information. The following guide explores how professional [...]

The Most Critical Tax Issues in 2011

The goal of this article is to outline critical tax matters that made headlines in 2010 and stirred up debate on a number of tax policy issues in 2011. Great thinkers have given wise counsel on the need to periodically look back at issues, to re look at our achievements, our shortcomings and [...]

Don’t Use a Tax Agent Until You Read This!

An accounting package is a useful tool but believe it or not, it won’t make you a tax Accountant. If you don’t have any bookkeeping background, you may decide you want to use a tax agent to prepare and lodge your tax return.  Are you thinking of appointing a tax agent to deal with your tax matters? Just read on, you will learn about the pros [...]

Tax Prep Tips to Avoid ZRA Problems

In this digital age, it’s now possible to prepare and file Tax Returns electronically; however, the physical filing continues to be popular among most Tax authorities including ZRA. Therefore to avoid Tax problems and disputes with ZRA, here are the Tax preparation tips you must keep in mind when preparing your Taxes. Always use the correct Taxpayer [...]

How to Keep Good Tax Records

Did you know that you can avoid panic during Tax preparation time when you Keep Good Records through out the year? In this article, I want to look at why Good record keeping is important in your Business and also show you how to Keep Good Tax Records. Good record keeping is very important for future Tax reference. When your records are properly maintained, [...]

Smart Way of Filing Your Income & Vat Tax Return

In an article on Starting a small business, I mentioned that registration for Vat and Income Tax with various Tax authorities is a requirement. In this article the focus is on what you need to know before Filing your first Income Tax and Vat tax Return to any of your Tax authorities. If you successfully file your tax registration forms with the department [...]