June 30, 2016

The 2016 Tax season is open

As is the case every year, the Commissioner for SARS recently published the annual notice to officially ‘open’ the 2016 tax season. Individuals are now able […]
June 23, 2016

Misuse of assessed losses

An assessed loss for income tax purposes is a potentially valuable asset: it represents past losses made by a taxpayer which is able of being carried […]
June 23, 2016

SARS VAT reviews and audits

It has become a common occurrence for vendors to receive a notice for a VAT review from SARS, which requires the vendor to submit supporting documentation […]
June 23, 2016

Appointing a financial manager: do you know what to look for?

Ideally the candidate to appoint as financial manager must be qualified for the post in terms of sufficient knowledge and relevant experience. There is, however, a […]
May 25, 2016

Passive income and SARS

Have you ever investigated passive income opportunities to earn extra money? Did you consider the effect that earning additional income might have on your current income […]
May 25, 2016

Tax penalties: Understatement penalties in the tax administration act

The Tax Administration Act, 28 of 2011, introduced the notion of ‘understatement penalties’ which are levied on a percentage based method. The penalties are levied depending […]
May 25, 2016

Financial Risk Management for your small business: Do you know how to do it?

Is it really necessary to be able to manage financial risk? The answer is a definite “Yes!” It can make the difference between having a successful […]
May 25, 2016

A dent on your record?

Angela, a normal middle-aged woman with a basic salary has just landed herself in a load of trouble, which could possibly cause her not to go […]
May 25, 2016

Revised Interpretation Note 1: Provisional tax estimates

Revised Interpretation Note 1: Provisional tax estimates All corporate taxpayers are affected by provisional tax as the mechanism used by the fiscus to collect income tax […]
April 26, 2016

What happens if I die without a will?

Attorneys often emphasise the fact that you should have a will drawn up and revise it regularly in order to facilitate the bequeathing of your possessions […]
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