704, 2020

OUTSOURCING YOUR FINANCIAL DEPARTMENT – WHY IT WORKS

April 7th, 2020|Comments Off on OUTSOURCING YOUR FINANCIAL DEPARTMENT – WHY IT WORKS

OUTSOURCING YOUR FINANCIAL DEPARTMENT - WHY IT WORKS A South African economy under pressure forced decision-makers in the SMME market to review the total composition of their [...]

3103, 2020

Stay financially stable and compliant during COVID-19 Lockdown

March 31st, 2020|Comments Off on Stay financially stable and compliant during COVID-19 Lockdown

Stay financially stable and compliant during COVID-19 Lockdown South Africa also received the horrifying news of a national lockdown period like the rest of the world. It, [...]

903, 2020

Expat Tax: Double taxation, your tax status and SARS penalties?

March 9th, 2020|Comments Off on Expat Tax: Double taxation, your tax status and SARS penalties?

Expat tax What to know about double taxation, your tax status and SARS penalties Amendments to South Africa's tax law coming into effect from March 1, 2020, [...]

3008, 2019

SARS Filing a Return on my behalf?

August 30th, 2019|Comments Off on SARS Filing a Return on my behalf?

SARS has recently announced that they will file your return for you! Because they have access to already provided information on their system. But with that said, [...]

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 [...]