April 24, 2019
The South African income tax system is not cash-based. This means that a person can effectively be taxed on amounts that they have not yet received […]
April 24, 2019
In a recent Tax Court decision[1], the Tax Court confirmed that taxpayers have a right to have their disputes resolved in a court of law as […]
April 24, 2019
Published by Admin at April 24, 2019
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An efficient audit is one that reduces the audit risk to the targeted level, ensures that there are no errors contained in the financial statements while […]
April 24, 2019
Deterioration, obsolescence and wear and tear are among the reasons why assets decrease in value. By realising a deduction on depreciation for tax purposes, your company […]
March 25, 2019
Section 24(1) of the Income Tax Act[1] deals with an agreement between a taxpayer and another person in respect of movable or immovable property. In the […]
March 25, 2019
What happens when you sell an asset? When you sell or dispose of an asset, you either realise a profit or a loss from the exchange. […]
March 25, 2019
Published by Admin at March 25, 2019
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When determining the best remuneration package for travelling employees, South African employers and employees are continuously considering the benefits between a travel allowance, a reimbursive travel […]
March 25, 2019
Since its introduction, the “pay now, argue later” rule relating to disputed amounts of tax has been and remains to be the subject of much controversy, […]
September 20, 2018
The Companies Act of South Africa (the Act) requires all companies to prepare financial statements within 6 months after the end of its financial year. A […]
September 20, 2018
While there is currently a focus on the income tax considerations of bad and doubtful debts (given that National Treasury has proposed changes to section 11(j) […]