2008, 2019

Venture Capital Companies

August 20th, 2019|Comments Off on Venture Capital Companies

What is 12J and how does it work? Section 12J is woven into South Africa’s Income Tax Act and enables investors to provide much-needed capital to Small-to-Medium [...]

808, 2019

VAT, Transfer Duty And Fixed Property

August 8th, 2019|Comments Off on VAT, Transfer Duty And Fixed Property

VAT, Transfer Duty And Fixed Property Value Added Tax is a tax on the value added by each Vendor in the production chain and is imposed each [...]

3007, 2019

The Why, What, Who and How of Employment Tax Incentives (ETI)

July 30th, 2019|Comments Off on The Why, What, Who and How of Employment Tax Incentives (ETI)

EMPLOYMENT TAX INCENTIVE (ETI) Why is there an ETI? Millions of young South Africans are excluded from participating in economic activity, and as a result suffer disproportionately [...]

2407, 2019

R500k Threshold, what does this mean?

July 24th, 2019|Comments Off on R500k Threshold, what does this mean?

Many people are asking this question around this concept, and there is an ongoing misconception that the R500k threshold means that if you earn less than R [...]

1807, 2019

Subsistence Allowance

July 18th, 2019|Comments Off on Subsistence Allowance

Subsistence Allowance – Local A subsistence allowance is paid by the employer whenever the employee travels for business purposes and need to spend at least one night [...]

307, 2019

TAX SEASON OPENS FOR EFILERS AND USERS OF SARS MOBIAPP

July 3rd, 2019|Comments Off on TAX SEASON OPENS FOR EFILERS AND USERS OF SARS MOBIAPP

PRETORIA, Monday 1 July 2019 – Deputy Finance Minister, Dr. David Masondo, and the Commissioner for the South African Revenue Service (SARS), Mr. Edward Kieswetter, have launched [...]

406, 2019

Rental Pool Schemes

June 4th, 2019|Comments Off on Rental Pool Schemes

Special rules apply with regard to the VAT treatment of rental pool schemes. For convenience and simplicity, in this Chapter – the words “owner” or “owners” are [...]

2805, 2019

Tax Deductions Often Overlooked or Missed?

May 28th, 2019|Comments Off on Tax Deductions Often Overlooked or Missed?

The most common Tax deductions that are overlooked or missed by most individuals: Donations If you are donating to a registered PBO (Public Benefit Organisation) you can [...]

2105, 2019

What is a dividend, dividend tax and when is it exempt from tax?

May 21st, 2019|Comments Off on What is a dividend, dividend tax and when is it exempt from tax?

A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the [...]

1405, 2019

Commission Earners and Expense Claims.

May 14th, 2019|Comments Off on Commission Earners and Expense Claims.

Commission Earners Did you know that you are able to claim expenses incurred in the production of your income? Should your commission income exceed 50% of your [...]

605, 2019

2020 Budget – What you need to know

May 6th, 2019|Comments Off on 2020 Budget – What you need to know

On 20 February 2019, the South African Minister of Finance Tito Titus Mboweni delivered the South African budget speech for the 2019/2020 year. This is the first [...]

2909, 2017

Turnover is vanity, Profit sanity and cash flow reality!

September 29th, 2017|Comments Off on Turnover is vanity, Profit sanity and cash flow reality!

If business was easy everyone would do it. Every business has key performance indicators that need to be carefully controlled and managed. Let us look at some [...]