An Economist’s Advice For Anyone Choosing To Stay In South Africa

Global issues have made so-called greener pastures seem less attractive lately.
Taxpayers Are Going To Be “Squeezed Even More”

SARS is going to be using a finer comb from now on…
South African Startups Are Fueling An African Tech Renaissance

We’ve got both the brains and the attitude to make the 4IR work for us all, we just need to have the right support where it’s needed.
Local Firm Goes Big Time With Exciting New Merger

The changing legislative landscape in the fields of company law, tax law and financial reporting standards have made it essential for modern firms to evolve, and as the world becomes more complex and integrated, the days of the sole practitioners and the small accounting and audit firms are limited.
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.
Don’t Fear Your Credit Score, It Can Be A Powerful Financial Tool

Living debt-free sounds like the answer, but if you ever need more money than your piggy bank holds, you’re going to need to use someone else’s cash, and that is where a credit score can be your secret weapon.
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.
A Word Of Caution About That SARS Auto Assessment

Tax season is officially upon us, and in order to simplify and speed up the process, SARS will be actioning auto assessments. Before accepting, there are a few things to consider.
SARS Is Sniffing Around For Information On SA Crypto Traders

Three of South Africa’s largest cryptocurrency exchanges have been approached by SARS, which is looking into South Africans involved in “the mining, speculation and/or investment in crypto assets”.
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.