November 7, 2016

Request for suspension of payment

The ‘pay now, argue later’ rule contained in section 164 of the Tax Administration Act, 28 of 2011, requires taxpayers to pay any tax debts due […]
November 7, 2016

10 Financial tips for Small Businesses

In the current economic climate, effective management of your businesses finances is more important than ever. The following tips will assist you in managing the finances […]
October 24, 2016

SARS retention periods: Are you keeping your tax-related records long enough?

How long must I keep my tax records? When can I throw old tax-related documents away? What happens if SARS request supporting documents and I don’t […]
October 24, 2016

How South African dividends are taxed

Dividends received by a South African taxpayer are generally exempt from income tax. The major exemption though being dividends received from so-called REITs (these being some […]
October 24, 2016

Removing directors of a company

The Companies Act, 71 of 2008, requires that the business and affairs of any company be managed by or under the direction of its board, which […]
October 24, 2016

Financial assistance to directors

A company lending money to its directors may not be as simple a process as it may initially appear to be – not even in the […]
September 12, 2016

Threshold registration requirement for the skills development levy

We have recently become aware of an increased level of audits being conducted by the South African Revenue Service in relation to taxpayers’ obligations in terms […]
September 12, 2016

Misuse of assessed losses

An assessed loss for income tax purposes is a potentially valuable asset: it represents past losses made by a taxpayer which is able of being carried […]
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