Tax
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.
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.
Investors Must Take Note Of This Important SA Tax Change
12 Jan 2021 by Carrie / No Comments
South Africa made an important tax change as of January 1, 2021, that you may not be aware of.
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.
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.
High Court Ruling Has Important SARS Tax Collection Implications
17 Jun 2020 by Carrie / No Comments
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.
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.
Comprehensive List Of Funds And Relief Measures Available To Help SA Businesses During Lockdown
03 Apr 2020 by Jasmine Stone / No Comments
In order to give South African businesses and business owners the best chance of obtaining financial relief, Galbraith | Rushby have summarised what help is available.
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?
How To Make An Application For TERS, The Temporary Employee / Employer Relief Scheme
30 Mar 2020 by Jasmine Stone / No Comments
Many business owners have been wondering and waiting for news on how to apply for the COVID-19 TERS relief fund.
Budget Speech 2020 – How Much Personal Tax You’ll Be Paying This Year
27 Feb 2020 by Carrie / No Comments
Tito Mboweni surprised everyone with some good news about personal tax brackets, so let’s see how that’s going to affect your earnings.
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.
What To Expect If You Don’t Submit Your Tax Returns By December 4
12 Nov 2019 by Carrie / No Comments
SARS is getting ready to come down hard on anyone who fails to file their tax returns by the December deadline.
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.
Important New Changes To How Attorneys Must Handle Their Trusts
01 Aug 2019 by Carrie / No Comments
Attorneys and advocates need to take note of some important new rules that govern how they manage their trust accounts.
Tax Season Is Open And SARS Is Making Changes – Here’s What You Need To Know
02 Jul 2019 by Carrie / No Comments
Tax season has arrived with a couple of changes to how things usually work. Here’s what you need to know before you dive in.
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.
Three Sneaky Tax Hikes That May Have Slipped By Unnoticed
02 Apr 2019 by Carrie / No Comments
Payroll managers and employees need to take note of these three stealthy tax hikes that you might have missed.
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