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So you may be wondering, are there any tax benefits if your business is currently turning over less that R1 Million per annum? This is where “turnover tax” comes in, and it is applicable to sole proprietors, partnerships and companies. Continue reading Turnover Tax
TAX EVASION is Completely Illegal. TAX AVOIDANCE is a completely justifiable practice. All entities, individuals SME’s and corporates are equally obliged to pay taxes. It is within your right to arrange your affairs, find ways of minimising your taxes without Continue reading Difference between Tax Avoidance and Tax Evasion
Using part of your primary residence for business purposes A business owner or professional person often uses part of his or her primary residence for business (non-residential) purposes. When the residence is sold, a special Capital Gains Tax (CGT) treatment Continue reading CGT Tax Implications of Using Residence for business purposes
Are you struggling to obtain a letter of good standing (WCA) – is your business suffering because you cannot fulfill this requirement? Let us assist you and get your business back on track within 5 working days. Contact us NOW ! 021 Continue reading WCA Letter of Good Standing
There has been a lot of media coverage in the past couple of years devoted to directors’ duties under the new Companies Act of 2008, and the fact that directors can potentially be held personally liable if they breach those Continue reading 5 Duties Company Directors Must Know
The National Credit Act (“Act”) came into force on 1 June 2007. The Act is designed to prohibit certain unfair credit and credit marketing practices, to protect consumers and to promote responsible credit granting and use. It regulates a wide Continue reading How the National Credit Act affects You
The Government Gazette 36603 vol 576 released on 28 June 2013 is explicit that every company, trust or other juristic persons, which is a resident, must furnish an income tax return.Corporate Income Tax IT is applicable (but not limited) to Continue reading Must a CC register for Corporate Income Tax
Gordhan opens 2013 tax season Mia Lindeque | 3 days ago Finance Minister Pravin Gordhan officially launched the 2013 tax season in Edenvale on Gauteng’s East Rand on Monday morning. The South African Revenue Service (Sars) said more than 11,000 tax Continue reading 2013 Tax Season Now Open
By Mariné JacobsJohannesburg, 3 Jul 2013 Finance minister Pravin Gordhan set SARS a revenue target of R898 billion for the 2013/14 fiscal year. The South African Revenue Service (SARS) says its eFiling system is constantly being monitored as it has been experiencing problems since Monday. Continue reading Sars – eFiling Not Working Well
By: Sapa 1st July 2013 TEXT SIZE The 2013 tax season for submission of tax returns has officially opened, the South African Revenue Service (Sars) said on Monday. By 6.30am on Monday, 260 Sars officials were already on the streets Continue reading SARS opens 2013 tax season