The third provisional payment for the 2017/2018 tax year is due on or by 28 September 2018. This payment is voluntary and you only need to make it if you have underestimated your tax liability for the 2017/2018 year. However, don’t forget that making this third...
There is some confusion over whether to declare your laptops, golf clubs, iPads and other such valuables that you travel out of the country with. The answer is no you don’t have to declare these items, but you do have to carry with you proof of...
“Leadership is nature's way of removing morons from the productive flow" (Dilbert) The ‘Peter Principle’ has been around for nearly fifty years. Recent research has underlined that it is still valid today. It has implications for how we promote staff and the effects this has on our...
Catastrophes like floods and fires do occur and there is insurance to cater for these types of events. There are two different types of insurance cover for these events – one to repair or replace the assets damaged (your normal insurance policy) and one to...
If you are an individual provisional taxpayer your first 2019 provisional payment is due on 31 August. P.S. If South Africa’s various double taxation agreements, information exchange agreements and other international tax treaties are of interest to you, have a look at SARS’ inter-active world...
New management at SARS is trying to rebuild the institution as the world class organisation it once was. Amongst the outcomes it hopes to achieve in this tax year are increases: In public trust and credibility, In the ease and fairness for taxpayers in their...
“The question isn’t at what age I want to retire, it’s at what income.” George Foreman There are many things to consider when you retire. One thing to be careful of is the amount of money you cash in from your retirement savings. Taking cash from your...
There are strikes seemingly now all the time and usually the dispute is over wage increases and benefits. On the other side of the coin, when employers speak, they often talk of the country’s skills deficit and labour laws. Recent research in KwaZulu-Natal has highlighted that...
For the new tax year changes were made to how we are reimbursed for business travelling expenses. Why did SARS make changes and to which type of travel allowance? Travel allowances have been around for a long time. Initially, they gave considerable benefits to people earning salaries...
There are only run-of-the-mill deadlines this month. It is worth getting your filing and workpapers ready for your 2018 tax return as filing season opens in July. Tax Scams Be alert to yet more scams involving SARS, such as fraudulent emails which say you owe interest to SARS...