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+2784 253 6498
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Tax and Disability (& SARS) – Assisting taxpayers claim their Tax Refunds
- July 3, 2016
- Posted by: Themba
- Category: Accounting, Tax
No CommentsTax and Disability Experts A taxpayer who has or whose spouse or child has a disability in accordance with the criteria set out in the ITR-DD form and confirmed by the medical practitioner, can claim 33,3% of the qualifying out-of-pocket medical expenses, which include disability related expenses, paid during the relevant year of assessment. SARS
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Voluntary Disclosure Program !!! (Disclose or Not)
- March 28, 2016
- Posted by: Prebo
- Category: Uncategorized
What is a VDP? The VDP is a statutory process where taxpayers, including corporate entities, trusts and individuals, can approach SARS on a voluntary basis with a view to regularise their tax affairs with the prospect of remittance of certain penalties. Which types of taxes are covered by the VDP? The VDP is applicable to
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Taxpayers affected by Disability not using all their tax breaks
- March 28, 2016
- Posted by: Prebo
- Category: Tax
Taxpayers with disabilities or who have disabled family members are probably not making full use of the tax deductions to which they are entitled. A lack of knowledge by taxpayers and their tax practitioners is the reason taxpayers affected by disabilities are not claiming the tax deductions to which they are entitled. WHAT EXPENSES CAN
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Income tax: deductibility of expenses incurred in the production of commission
- March 28, 2016
- Posted by: Prebo
- Category: Accounting
Any expense actually incurred in the production of the income is tax deductible provided that it is not of a capital nature in terms of section 11(a) of the Income Tax Act. The negative test on the other hand, section 23(m) of the Act however prohibits expenditure in terms of section 11(a) of the Act
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Working Overseas, do I also pay tax in SA?
- March 28, 2016
- Posted by: Prebo
- Category: Accounting
We accept that you are a South African tax resident temporarily working Overseas. You will then still have to declare and possibly pay tax in the RSA on all your income. The remuneration earned outside South Africa may qualify for an exemption from normal tax. This would apply if you have been outside South Africa
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Do I Need To Pay Tax
- March 28, 2016
- Posted by: Prebo
- Category: Accounting
People who pay income tax are generally individuals who earn an income e.g. from a salary, commission, fees, etc. If you earn under R350 000 for a full year from one employer (that’s your total salary income before tax) and have no other sources of additional income (for example, interest or rental income) and no
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Within the construction industry as their overdraft
- January 22, 2016
- Posted by: Themba
- Category: Funding trends, Uncategorized
Many businesses, large and small, have a huge source of great ideas that can help them improve, innovate, and grow, and yet so many of these companies never think of using this amazing corporate asset. What is this highly valuable asset? Its own people.
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Strategic and commercial approach with issues
- January 22, 2016
- Posted by: Themba
- Category: Finance & accounting, Uncategorized
Says Morgan Fraud, the author of The Thinking Corporation, “Given that we are all capable of contributing new ideas, the question becomes how do you successfully generate, capture, process and implement ideas?” Becoming an organization capable of answering this question can benefit in a number of ways
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Seven weeks working ‘pro bono’ with a charity
- January 22, 2016
- Posted by: Themba
- Category: Business plans, Uncategorized
Growth through innovation/creativity. Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
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Retail banks wake up to digital lending this year
- January 22, 2016
- Posted by: Themba
- Category: Franchising, Uncategorized
The effort vastly improved the company’s planning and execution functions, created and implemented a new stock policy that accounted for specific SKUs and key variables, streamlined the order preparation process and reduced distribution transport times.
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