Covid-19 Tax reliefs – Tax Payment Deferrals
This newsflash has 3 important articles to assist you through this critical time of lockdown due to COVID-19: Deferral of 20% of PAYE Liability for small businesses; R500 extra ETI per employee earning below R6,500 per month; Deferral of Provisional Tax Liability Deferral of 20% of PAYE Liability for small businesses In order to […]
Continue Reading...Corona Impact for tax payers – SARS
Dear Taxpayers COVID-19 By now you have heard and assimilated the announcement by President Cyril Ramaphosa on Sunday 15 March, where he declared a national state of disaster following the outbreak of the COVID-19 which has also been declared a pandemic by the Word Health Organisation (WHO). The President calls on all of us as […]
Continue Reading...Best Tips for Paying Less Tax
With the current budget speech, SARS is pressing forward with measures to ensure the maximum tax is collected from South Africans. As a taxpayer, you should be wise to ensure that you are able to limit your tax liability in a legal and compliant manner. This can be achieved by ensuring you are claiming the […]
Continue Reading...Claiming for you medical expenses on taxes during 2020 in South Africa
Claiming for your medical expenses on taxes during 2020 in South Africa Your medical expenses are one of the great ways to get yours back from SARS. With the country in a recession, most people are trying to lower their expenses where possible. Medical expenses can sometimes be a burden on your income, especially because […]
Continue Reading...Tax on rental income in South Africa in 2020
Understanding tax on rental property If you are renting real estate and wondering about the tax implications of rental income then read on. The South African economy is currently not performing too well due to various circumstances. The latest SONA speech gives us all hope for the future, and finally a plan to increase energy […]
Continue Reading...Managing your Cashflow for business survival in South Africa
Managing your Cashflow in 2020 for business survival in this economy Cashflow is seen as one of the biggest causes of many small to medium businesses shutting down in South Africa. As a business owner managing your cashflow should be on the list of top priorities that you perform daily, weekly or monthly depending on […]
Continue Reading...10 Secrets to Making Your Small Business More Successful in 2020
10 Secrets to Making Your Small Business More Successful in 2020 Whether you’re starting a new business from scratch or buying an existing one, you need to offer a high-demand product or service. You also need to continually evaluate how to make that product or service even better. Stagnation, resistance to technology and detachment from […]
Continue Reading...Starting a Business in South Africa
What you need to know about starting a business in SA – from registering your company to paying tax High unemployment rates are driving new start-ups in South Africa. But starting a new business can be a nightmare if you don’t know the rules of engagement. These are the questions you should be asking if […]
Continue Reading...Claim The Maximum Expenses For Your Personal Taxes
Tax is due by the 30 January 2020 for some provisional tax payers. Here are a few things you should avoid when completing your return. Not declaring travel expenses in order to claim a tax deduction A travel allowance is paid to an employee if they travel for business purposes. This is usually paid […]
Continue Reading...Re-appointment of Pravin Gordhan as finance minister
PRESIDENT Jacob Zuma buckled to pressure relating to the removal of finance minister Nhlanhla Nene and announced last night the re-appointment of Pravin Gordhan to the post. The shock announcement restoring Mr Gordhan to the post sent the rand surging nearly 5% on Sunday evening. Desmond Van Rooyen, who was finance minister for a mere […]
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