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July 3, 2024

Your Money Is Not Your Shrink

I value and respect psychologists and how they help improve our lives. I, myself, have experienced this. Today, though, I deliberately choose the less elegant term […]
July 3, 2024

Gold Is at Record Levels—What Now?

Although gold is known as a ‘safe-haven’ investment, normal fundamentals still apply. The gold price recently reached another all-time high, prompting investors to reassess their current […]
July 3, 2024

To Claim or Not to Claim—VAT, That Is…

Some vehicles you cannot claim VAT on, some you can—and knowing the difference can save you a lot of money. When can you claim input VAT […]
June 5, 2024

What is The ‘Two Pot’ System of Retirement?

The two-pot retirement system is a reform that will allow retirement fund members to make partial withdrawals from their retirement funds before retirement, while preserving a […]
June 5, 2024

2024 is nie net ‘n verkiesingsjaar nie. Dis dalk DIE verkiesingsjaar.

Die jaar 2024 is opvallend vir die groot aantal verkiesings, met agt van die wêreld se 10 mees bevolkte lande (Bangladesj, Brasilië, Indië, Verenigde State, Indonesië, […]
June 5, 2024

Understanding Living Wills

When one thinks of a will, the first thing that comes to mind is probably a last will and testament. This type of will expresses a […]
May 8, 2024

Do Actions Speak Louder Than Words in the Business World?

It’s one thing to claim your company is customer-orientated, but talk can be cheap regarding what matters most to your business. The businesses that serve their […]
May 8, 2024

SARS het toegang tot jou bankrekening

Verskille tussen verklarings in jou finansiële state/belasting opgawe en deposito’s op jou bankrekening  kan addisionele belasting en boetes tot gevolg hê. Deur sy inkomste-invorderings instrumente op […]
May 8, 2024

Share Disposals: Calculating SARS’s slice

How to work out the taxable capital gain when disposing of share investments One of the underlying principles of Capital Gains Tax (CGT) is that a […]
April 2, 2024

Paying Salaries: What Can Go Wrong?

South African businesses face unique payroll challenges. From strict regulatory requirements to the specific needs of a diverse workforce, managing payroll requires precision, understanding, and the […]
April 2, 2024

Understanding Mortgage Bond Cancellation: Key Steps and Considerations

In South Africa, the process of cancelling a mortgage bond is commonly necessitated when a property is sold or the bond is fully paid off. This […]
April 2, 2024

Hoe om die indien van jou Belastingopgawe makliker te maak.

Papierwerk Die meeste van ons haat papierwerk, en gevolglik los ons dit totdat daar ‘n krisis is— soos wanneer die SAID vir jou een van daardie […]
March 11, 2024

2024’s Top Risks for Corporate Leaders Business

In 2024, corporate leaders in South Africa and around the world are facing more legal challenges than ever before. As the business environment becomes more complex, […]
March 11, 2024

The Business of Business Travel Accounting

Business travel means different things to SARS than to taxpayers. While it has been compulsory for recipients of travel allowances to substantiate their claims by means […]
March 11, 2024

Essential Financial Lessons Every Parent Should Pass Down Business

It’s true; financial literacy is as crucial as academic education, and many of us find ourselves reflecting on the lessons we wish were imparted by our […]
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 […]
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