’Tis The Season To Be Spending: One In Three Gift-Givers Go Into Debt For Christmas
Even when gifts are taken out of the equation, the cost of enjoying a well-deserved holiday with the family usually leaves families with little or no savings come January.
Warren Buffett Just Donated $1.1 Billion In Berkshire Stock, And Updated His Will
Buffett has already given away 56.6% of his Berkshire shares after committing in 2006 to give away the majority of his riches.
Pay Your Dues: The Strange History Of Taxes
Whether we like it or not, society can not function without some sort of tax system in place.
Survey Shows Many South Africans Simply Don’t Know What To Do About Their Finances
A key finding in the survey is that a large portion of South Africans are disappointed with their financial circumstances, and yet feel like they do not have the knowledge to tackle these issues effectively.
Being Among The Richest 1% In South Africa Comes With A Price
In order to join the top 1% of the wealthiest South Africans, you need to make almost six times more than the average earner. But that doesn’t mean life is all rainbows and butterflies.
2023 Tax Season Has Arrived – Everything You Need To Know In Order To Comply With SARS
Tax. The word alone sends shivers down your spine, never mind the discomfort you might feel spending just one day queuing at your nearest SARS branch.
Make Sure You’re Maxing Out These Tax Benefits Before The End Of The Year
The tax year runs until the end of February 2023, which means there is still a bit of time to make sure you’re maxing out your tax benefits before the end of the 2022/2023 period.
SARS One, Christo Wiese Zero
The battle between SARS and Wiese is very far from over. However, the first-round win must be awarded to SARS after a ruling handed down by the Western Cape High Court.
Work Abroad? Dealing With SARS Just Became A Whole Lot Harder
Being paid in pounds or Euros or dollars and getting to spend them in South Africa is the dream. Dealing with SARS, on the other hand, can be a nightmare.
Becoming A Digital Nomad Does Have Some Tricky Tax Implications
Deciding to live location independent to pursue a career that supports the island-hopping, “working near the waves” lifestyle does come with a few considerations and some irritating admin.
Watch Out For The Latest Scam SARS Emails
SARS generally issues warnings about scams as tax season kicks into gear and this year is no different.
Important Update About SARS Auto-Assessments And Your Refund Delay
Social media is full of South Africans wondering (pleading) where their refunds are, having been quick of out the blocks come July 1.
Where SA’s Millionaires Are Emigrating To
Over the past decade, in excess of 4 500 high-net-worth individuals (HNWIs) have left South Africa and headed abroad.
Taxpayers Leaving SA Are Getting Hit With SARS Rejection Letters
Deciding to emigrate isn’t as simple as selling your house and booking a flight abroad, of course, and that’s especially true when it comes to dealing with SARS.
Posting On Social Media Can Land You In Hot Water With SARS
If you live in South Africa and your social media feeds show luxury assets, you better hope you have the payslips to justify that high life.
SARS Has Really Been Sharpening Its Tools
SARS Commissioner Edward Kieswetter has made it clear that tax rogues are in the crosshairs, and recent action backs that up.
Keep An Eye Out For These Potential Tax Hikes
Estimates on the cost of permanently increasing the Basic Income Grant vary wildly, with one study ranging between R160 billion and R520 billion annually.
Don’t Forget About That January 31 Tax Deadline
Let me first ease your blood pressure by saying that January 31 is the deadline for provisional taxpayers, including trusts and companies.
Good Luck Trying To Claim Home Office Expenses From SARS
According to one recent estimate, as many as 85% of working from home tax deduction claims submitted by individual taxpayers are being rejected by SARS.
It’s Gone Rather Quiet On The ‘Exit Tax’ Front
The change would have a serious impact on those whose retirement plans involve moving abroad, so it’s being closely monitored.
SARS Brings Out The Big Guns To Nab SA’s Wealthiest
In May, SARS announced it was forming an HWI unit, aimed at improving compliance amongst the country’s wealthiest citizens.
There’s A Fine Line Between Tax Avoidance And Tax Evasion
Fail to pay your taxes, and SARS will come knocking, with a number of new initiatives targeting everyone from businesses through to wealthy South Africans.
Thinking Of Emigrating? Watch Out For That ‘Exit Tax’
The National Treasury has now proposed a further tax on South Africans who intend to emigrate permanently.
Wealthy South Africans Can Expect This Letter From SARS
SARS is being rather proactive this year, with the first batch of ‘welcome letters’ to high wealth individual taxpayers already sent out.
Tax Season – Here Are The Dates To Keep In Mind
Tax season – if those two words send shivers down your spine, you’re not alone. Here are the most important dates to jot down so you don’t miss a deadline.
Earning Secret Airbnb Cash? SARS Will Have You
SARS issued a statement this week pointing out a high degree of non-compliance in the short-term rental sector, with Airbnb income clearly under scrutiny.
These Simple Mistakes On Your SARS Tax Return Could Land You In Jail
Simple mistakes that might previously have earned taxpayers a slap on the wrist could now see you spending up to two years in jail.
Watch Out For Tax Refund Scammers, Warns SARS
SARS is being inundated with desperate calls from taxpayers who have fallen victim to scammers promising to secure large tax refunds.
Why You Shouldn’t Panic If SARS Audits You
Nobody likes receiving the news that they’re under audit from SARS, but there’s no need to panic just yet.
High Court Ruling Has Important SARS Tax Collection Implications
The Pretoria High Court has ruled in favour of the taxpayer in a recent court case, which has implications for how SARS collects your tax.