by Simone | Feb 15, 2021 | Tax
Tags: Income tax Reading Time: 4 minutes Did you know that when emigrating, the month you leave South Africa has a significant impact on your income tax obligations? In the year of emigration, taxation can vary depending on how much time out of the tax year you were...
by Simone | Feb 10, 2021 | Tax
Reading Time: 3 minutes For South Africans currently living or working abroad the time has come that they can no longer avoid the SA Revenue Service (SARS). As stricter legislation settles and a system of global financial data emerges, SARS is now able to detect...
by Simone | Feb 3, 2021 | Tax
Reading Time: 3 minutes In order to help encourage retirement savings, the government promotes various income tax incentives. One of these retirement savings tax incentives is in the form of retirement annuities. Arguably less popular than other savings vehicles due...
by Simone | Jan 20, 2021 | Tax
Tags: Income tax Reading Time: 3 minutes Ahead of the February 2021 income tax year end, we are shining a light on S12E of the Income Tax Act, applicable to entities meeting the SARS Small Business Corporation (SBC) rules. These income tax rules apply to entities...
by Simone | Dec 2, 2020 | Consulting Services, MMS, Tax
Tags: Tax consultant Reading Time: 3 minutes Many businesses in South Africa are finding themselves faced with liquidity pressures as a result of Covid-19 and the lockdown. The inability to trade for several months has translated to significant cash flow pressures for...
by Simone | Oct 13, 2020 | MMS, Tax
Tags: Income tax, Tax Reading Time: 4 minutes Business Interruption cover has been highlighted recently when Cape Town restaurant, Café Chameleon, won their court battle against their insurer for losses suffered due to the Covid-19 pandemic and subsequent lockdown....
