TAX-RELATED CRIMINAL OFFENCES, AND HOW TO AVOID THEM
Section 234 in Chapter 17 of the Tax Administration Act (TAA) sets out a list of criminal tax offences. If prosecuted and convicted of a tax criminal offence, taxpayers will
- April 11, 2023
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Why Outsourcing is a Game-Changer
If you need someone reliable to assist you with anything from bookkeeping to acting as a stand-in CFO, here are some benefits of outsourcing companies worth considering: Get Expert
- March 1, 2023
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Buget 2023 – How it Affects You and Your Business.
“THIS IS NOT AN AUSTERITY BUDGET. IT IS A BUDGET THAT MAKES TOUGH TRADE-OFFS IN THE INTERESTS OF THE COUNTRY’S SHORT AND LONG TERM PROSPERITY.” (FINANCE MINISTER ENOCH GODONGWANA – BUDGET
- February 20, 2023
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UNDERSTAND THE NEW ASSESSED LOSS LIMITATION RULES FOR TAXPAYERS!
The assessed loss rules have always allowed companies to deduct from their taxable income each year any assessed losses from previous years. The remaining assessed loss balances could be carried
- January 12, 2023
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Individual Tax Rate Tables
RATES OF TAX FOR INDIVIDUALS 2023 tax year (1 March 2022 – 28 February 2023) – see changes from last year Taxable income (R) Rates of tax (R) 1 – 226 000 18% of
- January 12, 2023
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Provisional Taxpayers
Provisional Taxpayers: your tax return filing deadline is 23 January 2023. Breathe easy. If you ‘think’ you are a Provisional Taxpayer, we strongly suggest you make 100% sure you meet the definition
- July 26, 2022
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Reasons you Need to file your Tax Return
Reasons you need to fill your Tax Return: If you earn less than R500 000 in a year, and fulfill a series of complicated criteria, you may not have to
- June 15, 2022
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Home Office Expenses
Flexible employment is becoming increasingly popular, many taxpayers spend some (or all) of their time working from home. If certain conditions are met, taxpayers are allowed to claim a portion
- June 15, 2022
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What you need to know about SARS auto-assessments
1. What is an auto-assessment? This is an automatic assessment issued by SARS to certain taxpayers. SARS will use data collected from employers, financial institutions, medical schemes, retirement annuity fund
- June 15, 2022
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Important Updates This Tax Season
SARS have recently announced some changes. This is what you need to know With the 2022 filing season opening on 1 July, it is important to be aware that this