Sars
A Word Of Caution About That SARS Auto Assessment
01 Jul 2021 by Jasmine Stone / No Comments
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
01 Jun 2021 by Jasmine Stone / No Comments
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
06 May 2021 by Jasmine Stone / No Comments
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
08 Apr 2021 by Jasmine Stone / No Comments
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
12 Mar 2021 by Jasmine Stone / No Comments
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.
Dodgy People Are Still Getting Caught After Flashing Their Wealth On Social Media [Videos]
05 Mar 2021 by Carrie / No Comments
If you’re going to be dodgy and flaunt your wealth, don’t post your activities to your public social media account in the middle of an economic crisis.
Start Saying Goodbye To Section 12J Tax Breaks
04 Mar 2021 by Jasmine Stone / No Comments
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.
Final Week To Score 100% Tax Deduction Through Property Investment – No Cash Required
24 Feb 2021 by Jasmine Stone / No Comments
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.
Final Chance To Score A 100% Tax Deduction Through Property Investment
11 Feb 2021 by Jasmine Stone / No Comments
The financial year ends on February 28, so the window of opportunity to maximise your tax return for the year is rapidly closing.
These Simple Mistakes On Your SARS Tax Return Could Land You In Jail
04 Feb 2021 by Carrie / No Comments
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
08 Dec 2020 by Jasmine Stone / No Comments
SARS is being inundated with desperate calls from taxpayers who have fallen victim to scammers promising to secure large tax refunds.
One Step Closer To Tearing Up Your Cheque Book For Good
13 Nov 2020 by Carrie / No Comments
South African banks, and SARS, have declared that the cheque book could soon be a thing of the past.
SARS Is Really Cracking Down On Tax Avoidance
04 Nov 2020 by Carrie / No Comments
There’s a fine line between tax avoidance and tax evasion, and if you’re on the wrong side of it, SARS could be coming for you.
Why You Shouldn’t Panic If SARS Audits You
09 Oct 2020 by Jasmine Stone / No Comments
Nobody likes receiving the news that they’re under audit from SARS, but there’s no need to panic just yet.
You Could End Up In Jail For A Silly, Unintentional Error On Your Tax Return
07 Sep 2020 by Jasmine Stone / No Comments
Submitting a tax return to SARS is always a rather nervy affair, and now a proposed amendment to the law has practitioners worried about the implications.
Read This Before Accepting Your SARS Auto-Assessment
12 Aug 2020 by Carrie / No Comments
If SARS issues you with an auto-assessment, usually done via SMS, you should first check that a few things are in order before accepting.
Tax Season 2020 – Here Are The Important Dates
08 Jul 2020 by Carrie / No Comments
SARS has made some changes, and it’s safe to say that tax season will look a little different this year.
SARS Announces Changes To Tax Season 2020
15 May 2020 by Jasmine Stone / No Comments
On May 5, SARS announced new tax filing seasons and a much more heavy-handed approach to those who don’t comply.
Important Info Regarding SARS Interest And Penalties Incurred As A Result Of Coronavirus
01 Apr 2020 by Jasmine Stone / No Comments
What happens if your tax submissions are filed late as a result of COVID-19, and you incur interest and penalties?
SARS Warns South Africans To Watch Out For These New Scams
16 Jan 2020 by Carrie / No Comments
Criminals are capitalising on SARS’ efforts to crack down on tax non-compliance by sending out scam emails and messages.
SA Taxes In 2020 – What To Expect From The Year Ahead
13 Jan 2020 by Carrie / No Comments
We’re not even a month into 2020 and things are already looking iffy for the South African economy. Our tax shortfall needs to be made up somewhere.
Less Than Two Weeks Left – Avoid These Common Tax Return Mistakes
25 Nov 2019 by Carrie / No Comments
Most of us don’t really know what we’re doing when we fill out tax returns, which is why people are prone to making these four crucial mistakes.
SARS Has Some New Rules When It Comes To Trusts And Taxes
11 Oct 2019 by Carrie / No Comments
SARS has introduced a number of new complicated measures to ensure that trusts function correctly in terms of tax compliance.
Be Warned: SARS Is On The Warpath Again
03 Sep 2019 by Carrie / No Comments
SARS wants you to know that failure to file your tax returns will be met with the full force of the National Prosecuting Authority.
Wednesday Morning Spice
12 Jun 2019 by Jasmine Stone / No Comments
SARS gets Mark Lifman. Bathabile Dlamini out. Another love letter from Kim to Trump. Chemical castration law. 40 000-year-old severed wolf head found. World’s highest-paid athletes list. Gaga, Cooper’s ex, bond. Harry to Angola.
Three Easy Ways To Prep For Tax Season 2019
04 Jun 2019 by Carrie / No Comments
With less than a month to go until tax season starts once again, here’s everything you need to know to get ahead of the game.
How SARS Will Determine Who Pays Expat Tax
13 May 2019 by Carrie / No Comments
Since the National Treasury and SARS announced that expat tax law changes, there’s been some panic. It’s worth brushing up on that front.
Analysts Reckon The Tom Moyane Ruling Is The End Of The Zuma Era
12 Dec 2018 by Jasmine Stone / 1 Comment
Yesterday, the High Court in Pretoria dealt Tom Moyane, and by association Jacob Zuma, a serious blow. The wheels of change are turning.
Didn’t File Your Tax Return In Time? You Could Be Looking At A Nasty Fine
28 Nov 2018 by Carrie / No Comments
SARS are looking to crack down on individuals and businesses who were late to the party, and they are threatening sizeable administrative penalties.
Why You Don’t Leave Your Tax Filing Until The Final Day [Video & Images]
01 Nov 2018 by Carrie / No Comments
The deadline for filing your tax returns as a non-provisional tax-payer was October 31 – a bad day for procrastinators who tried to file at the last minute.
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