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February 7, 2024

Ring-Fencing Trading Losses

SECTION 20 of the Income Tax Act 58 of 1962 deals with the set-off of losses from a trade against other income.  In general, such set-off is allowed (see sub-paragraph (1)(b)), provided that the loss is incurred in the taxpayer’s own name (i.e. not in a company, CC, or trust).  The loss must also have been incurred with-in the Republic of South Africa to qualify for set-off.
February 7, 2024

Beware of Tax-Related Scams

Over the past five years, the SAFPS has seen a steady increase in the number of tax-related scams. Improved efficiency To improve efficiency when it comes […]
February 7, 2024

The Financial Costs and Benefits of Solar Power

The shift towards renewable energy in South Africa has seen a significant rise in the adoption of solar power. While the benefits of solar energy, such […]
January 11, 2024

Don’t lose that tax loss!

Sustaining losses on certain activities, blissfully assuming that SARS will chip in at year-end? Make sure that this loss is not ‘lost’ forever. Many people have […]
January 11, 2024

General principles for tax deductions

When can you deduct an expense?  Section 11(a) contains the general principles One of the most-asked tax questions goes along the lines of “can I deduct […]
January 11, 2024

Understanding medical aid benefits in South Africa

Understanding and effectively managing your medical aid benefits is a crucial aspect of healthcare planning in South Africa. The diverse and complex healthcare system of the […]
November 16, 2023

A dive into South Africa’s revised assessed losses regulations

Navigating the complex world of corporate finance and tax regulations can be challenging for businesses. South Africa has recently undergone significant changes in its tax landscape, […]
November 16, 2023

Tax implications for marriages in community of property

The default marriage regime has some complicated tax consequences. When couples are caught up in wedding and honeymoon planning, visiting their attorney often takes a backseat. […]
November 16, 2023

Testamentary trusts still have their place

How you can protect your assets from predators including SARS Trusts have received a lot of bad press over the past few years, what with SARS […]
October 4, 2023

Your PAYE obligations as an employer

As an employer, it is your responsibility to withhold tax from your employees’ salaries and remit it to SARS. Employee tax is a key component of […]
October 4, 2023

When to register your business for VAT

There’s a compulsory threshold, but there may be advantages to voluntary registration. Value-added Tax (VAT) registration is a crucial obligation for businesses operating in South Africa. […]
October 4, 2023

Unforeseen tax debt from crypto trading

Landing in a position of indebtedness to SARS can be quite a stressful journey on its own ─ but if you forget to leave room in […]
September 11, 2023

Flying towards a tax saving: Double tax agreement, or financial emigration?

Having visited over 12 international locations in 2022, and engaging with South African expatriates, we can attest to a recent report issued by the United Nations, […]
September 11, 2023

Belangrike sperdatums tot 28 Februarie 2024

Hier volg ‘n paar belangrike sperdatums om in gedagte te hou: 15 September 2023 – EMP Rekonsiliasie periode open vir indiening 23 Oktober 2023 – 2023 […]
September 11, 2023

Alles wat u moet weet oor Voordelige Eienaarskap CIPC opgawes (“Beneficial Ownership”)

Wat is die wetlike vereistes? Op 29 Desember 2022 het die Suid-Afrikaanse regering die Wysigingswet op Algemene Wette (Anti-Money Laundering and Combating Terrorism Financing) 22 van […]
August 22, 2023

Hoe om beleggings geleenthede te evalueer

‘n Lonende belegging begin met ‘n deeglike evaluering. Om te verstaan hoe om beleggings geleenthede te evalueer, stel jou in staat om jou finansiële toekoms te […]
August 22, 2023

Wysigings aan die Wet op die Beheer van Trustgoed: Voordelige Eienaarskap (Beneficial Ownership)

Die Wet op die Beheer van Trustgoed, ‘n belangrike stuk wetgewing wat Suid-Afrika se trusts beheer, het onlangs ‘n wesenlike transformasie ondergaan met die aanvaarding van […]
August 22, 2023

Securing your business’s future: FICA Compliance in South Africa made simple

To thrive in South Africa’s ever-changing economic landscape, it is crucial to have a thorough understanding of your regulatory responsibilities, including compliance with the Financial Intelligence […]
July 25, 2023

Unlocking the benefits of expert tax planning

Tax planning is the strategic organisation of financial affairs to minimise tax liability by utilising deductions, exemptions, allowances, and rebates within the confines of the law. […]
July 25, 2023

Signs of a scam

These are some of the red flags of an investment scam. No company registration number or certificate that could be verified. No licence issued by a […]
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