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
Junie 2018
Soos die halfpadmerk aanbreek, is dit gewoonlik die tyd wanneer mense reflekteer op hulle Nuwejaars-voornemens wat aan die begin van die jaar gemaak is, om te bepaal of enige aanpassings nodig is. Netso, het HVM teruggekyk en in hierdie kwartaal het daar heelwat verander.
Interest received by non-residents on SA bank accounts
Persons that are not tax resident in South Africa (“SA”) are only taxed in SA on income received by or which accrued to such non-resident from an SA source. This will include interest received on an SA bank account.
Maart 2018
Vir sommiges voel dit asof die rusperiode tydens die feesseisoen nooit genoeg is nie. Daardie projek wat gedurende die jaar eenkant geskuif word vir wanneer daar “tyd” is, loer en wag steeds met beskuldigende oë onaangeraak, want selfs tydens die vakansie is daar net nie genoeg tyd nie!
Additional medical expenses tax credit
Section 6B of the Income Tax Act[1] provides for an additional medical expenses tax credit (“AMTC”) which is calculated against qualifying “out of pocket” medical expenses. This tax credit reduces the amount of income tax a natural person ...
The importance of having a good accounting system
If your business doesn’t have an effective accounting system in place, you run the risk of making serious errors in your finances. Furthermore, a good accounting system simply makes life easier and allows you to focus more on growing your business.
Outstanding Tax Returns
Individuals who filed personal income tax returns and found that they owe money to SARS are encouraged to make their outstanding payments by 31 January 2018. This is for taxpayers who filed their returns during the 2017 Tax Season.
HVM sluit 2017 af
Kan julle glo, dit voel asof ons net nou die dag ons voorbereiding en uitdagings vir 2017 beplan het en nou is dit weer tyd om die Kersversierings uit te pak en alles te laat skitter. Die mans begin beplan watter ‘DIY’ projekte hulle gaan aanpak oor die vakansie...
