With businesses becoming more streamlined and focusing on their core competencies, outsourcing services like accounting and tax is becoming a growing trend. Not only does it allow businesses to reduce their personnel overheads, outsourcing also gives companies quick access to specialised knowledge and allows them to access financial services as and when they need them. […]
15
Dec
Dec
Estate planning is not something you do once and then never consider again. As your life circumstances change, so should your estate plan. An estate plan is far more than just drawing up a will, instead it takes into account all the assets and liabilities you have accumulated to date. While estate planning is often […]
22
Nov
Nov
Gartner has forecast that by the end of 2021 51% of Global Knowledge workers will be remote workers and that remote workers will represent over a third of all workers worldwide 1. Remote working might have been hastened by the global COVID-19 pandemic, but it is a trend that has become entrenched and is here […]
18
Oct
Oct
No one likes planning for their death, especially if they are healthy and young. However, it’s a responsibility that everyone with dependents should make a priority. Sadly, only around 30% of South Africans have a valid will and when a property owner passes away without a will, they can leave their family with significant costs […]
12
Oct
Oct
Tax season opened on the 1st of July 2021 for South African taxpayers submitting their tax returns for the year ending on 28 February 2021. But due to the recent stage 4 lockdown SARS branches will remain closed for the next six weeks and South African taxpayers will be, for the first time, dealing with […]
01
Oct
Oct
Sloppy accounts and bad bookkeeping is soon going to be highlighted by the South African Revenue Service’s (SARS) new technology upgrades. Tax dodgers and those used to hiding their bottom line proceeds are also going to come under the spotlight. However it’s the average business that just hasn’t got their books in shape that are […]
27
Sep
Sep
Your crypto assets might live in the virtual world, but SARS is determined to bed down the tax rules on cryptocurrencies and turn your digital assets into tangible tax. On August 27 2021, SARS clarified how your crypto assets must be declared in your tax return and published a web page called Crypto Assets & […]
24
May
May
“In this world nothing can be said to be certain, except death and taxes”. This famous saying attributed to Benjamin Franklin is bleak but true. However, with careful Estate Planning, a person may be able to reduce their tax to ensure their estate maximises the income it has accrued. Tax is not equal in every […]
26
Apr
Apr
With the rise in popularity of cryptocurrencies, many people are asking the question whether the taxman can claim a piece of what’s in their crypto wallet? The good news is that if your approach is to ‘buy and hold’, you can put off paying tax until you are ready to cash in. However, there are […]
25
Mar
Mar
When you buy into a sectional title scheme, one of the first things you need to understand is that levy payments are essential if you are to maintain the value of your property investment – and that guarding against non-payment is critical. The backbone of your sectional title scheme Levies are essential for maintaining the […]