SARS closing its net on the wealthy…

Tags: Income tax, SARS Reading Time: 3 minutes SARS (South African Revenue Services) is closing in on individuals who have purchased pricey cars or property in recent years if their declared income tax does not match this lavish lifestyle. Recently, finance minister...

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...

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....