by Simone | Apr 14, 2021 | Budget, Careers, SARS
Tags: Income, SARS Reading Time: 3 minutes If you are earning an income from guests at an Airbnb, or any other rental income from letting property as an owner, then it is your duty to declare such income to SARS (South African Revenue Services) when doing your tax...
by Simone | Jul 23, 2019 | Business, Budget
Tags: Accounts, Cash flow Reading Time: 3 minutes For any business, but especially small businesses, cash flow is key to achieving success. You need to ensure that your business’ cash works for you, and not the other way around, to allow your company to thrive. One of...
by Simone | Jan 30, 2019 | Budget, General, SARS
Tags: Accounting, Compliance Reading Time: 3 minutes Under S12E of the Income Tax Act, and as a fiscal incentive for small business, Small Business Corporations* enjoy special allowances on assets used in the business. These allowances are designed to accelerate...
by Simone | Feb 22, 2018 | Budget
Tags: 2018, Budget Speech, Summary Reading Time: 6 minutes On 21 February 2018, Finance Minister Malusi Gigaba delivered his 2018 Budget Speech. How does the Budget Speech affect you or your business? Hereby a summary of the most significant proposals for the...
by Simone | Feb 25, 2016 | Budget
Tags: 2016, Budget, Summary Reading Time: 3 minutes The Minister of Finance tabled National Treasury’s annual budget in Parliament on the 24th of February 2016. Below some of the more significant tax related matters to take note of which have been proposed: Capital...
