Being Tax Smart – Why top up your RA?

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...

Income tax planning for small businesses

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...

Subordination agreements, Covid & SARS

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...

Income Tax & Business Interruption Cover for SME’s

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....