Accounting

July 22, 2024

The Business of Business Travel

Business travel means different things to SARS than to taxpayers. While it has been compulsory for recipients of travel allowances to substantiate their claims by means […]
June 13, 2024

What to Do if You Owe SARS Money

Owing money to the South African Revenue Service (SARS) can be stressful, but don’t panic. By understanding your options and taking prompt action, you can resolve […]
June 13, 2024

Compensation for Losses: Which ‘Hole’ is Filled?

Many taxpayers assume that compensation for losses is of a capital nature. It depends… There are no hard and fast rules for determining whether a particular […]
May 17, 2024

General Principles for Tax Deductions

When can you deduct an expense?  Section 11(a) contains the general principles One of the most-asked tax questions goes along the lines of “can I deduct […]
May 17, 2024

VAT and Freelance Creatives: Understanding where the buck stops

When someone says influencer, freelance designer, writer, or content creator (collectively referred to as a creative freelancer), do you think VAT?  Probably not—and you’re not alone. […]
April 8, 2024

Paying Salaries: What Can Go Wrong?

South African businesses face unique payroll challenges. From strict regulatory requirements to the specific needs of a diverse workforce, managing payroll requires precision, understanding, and the […]
April 8, 2024

How to object to your income tax assessment

You and SARS are entitled to have a difference of opinion This article, which was originally published in the May 2014 issue of Tax Breaks, has […]
March 11, 2024

Maximising Wealth, Minimising Tax 

A comparative look at retirement annuities versus tax-free savings accounts. When it comes to personal finance, every individual has different needs, dreams and financial goals, as […]
March 11, 2024

Tax ‘Tune-Up’ for 2024

Tweaks to help make your filing easier this year…and save some tax! “Time sure flies when you’re having fun”, so the old saying goes. The other […]
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