Registration of a trust as a taxpayer
The frustration experienced by taxpayers and the complexity of registering a trust as a taxpayer with the South African Revenue Service (SARS), has been widely publicised in recent years. Despite calls from industry bodies for a simplified approach...
When to make use of the Small Claims Court
The Small Claims Court provides a prompt and inexpensive way to resolve minor disputes. It is meant for the ordinary man and woman on the street who cannot afford civil litigation. In particular, the Small Claims Court can benefit the destitute and indigent in South Africa to be able to access...
September 2018
Daar is soveel om voor dankbaar te wees met die sluiting van die derde kwartaal. Die winter wat uiteindelik agter die rug is, die son wat elke dag warmer skyn en die fluisters van vakansieplanne wat al gehoor kan word. Ons kan net terugkyk en sien hoe geseënd ons was met die milde reën...
2018 Budget Speech
On 21 February 2018, Finance Minister Malusi Gigaba delivered the maiden budget speech. Following President Ramaphosa’s State of the Nation Address theme of hope and renewal, Gigaba placed key emphasis on the risks that have been a centre of concern for the South African economy.
What should you consider when investing in a business
You have worked hard for many years, and have finally saved enough funds and mustered the courage to take the big leap that you have been dreaming about for such a long time… you are going to invest in your own business.
2018 Tax Season: SARS shortens submission period
The annual tax filing season is upon us and acting SARS Commissioner, Mark Kingon, announced that the season will open on 1 July 2018 for eFilers. SARS branches will assist taxpayers from 2 July 2018. The filing season will then end on 31 October.
Building of a capital fund for PBOs
Entities that conduct their activities in a non-profit manner may apply in certain circumstances to the Commissioner for the South African Revenue Service (“the Commissioner”) to be approved as a public benefit organisation (“PBO”)...
Tax deductions against salary earnings
Our clients who earn only a salary will know that very few tax deductions are available against salary income for income tax purposes and whereby they may reduce the taxable income derived ultimately from such remunerations
