February has come and gone, and so too has the 2020/2021 financial year, but now’s the time to plan for the future and shield yourself from the tax you haven’t paid yet.
The government’s announcement that it was killing Section 12J tax breaks has been met with much pushback. Thankfully, there’s still one more chance to max out your refund before it ends.
A helping hand from the taxman doesn’t come around all that often, so here’s something you may want to consider before the tax year ends on Sunday.
The financial year ends on February 28, so the window of opportunity to maximise your tax return for the year is rapidly closing.
There’s a great deal of buzz around Section 12J of the Income Tax Act, and that’s worth a closer look.