January 16, 2023

Don’t lose that assessed loss!

Assessed losses can be carried forward—provided that the company doesn’t cease trading If the amount of allowable deductions exceeds the taxable income in your business, you […]
August 26, 2022

Is your business covered for loss of income?

It’s all well and good being paid out for your assets, but what about the foregone earnings in the meantime? Small business owners who have a […]
September 8, 2021

Balancing your business’s losses and taxes

In line with the 2020 Budget Announcement, Government proposes to broaden the corporate income tax base by restricting the offset of the balance of assessed losses […]
August 26, 2015

Will SARS allow you to deduct your company/close corporation’s assessed loss?

Under normal circumstances SARS will allow a taxpayer to carry forward the previous tax year’s assessed loss and set it off against the current tax year’s […]
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