Tax practitioner services

Filing a tax return can be confusing and time consuming, particularly if you have more than one source of income or are eligible for several deductions. As frustrating as bureaucracy can sometimes be, expressing your irritation to anyone at SARS will probably not get you far. If any issues arise, it’s best to contact SARS […]

Financial yoga

You don’t have to be able to do a headstand or salute the sun every day to appreciate the benefits of yoga. Now, this isn’t to say that everyone needs to start a daily practice, but it can be helpful to recognise that we can learn a lot from this ancient discipline. When you practice […]

5 tax return tips

Brace yourself — the start of income tax season is nigh, which means it’s time to prepare to file your tax return. It’s worth always trying to submit your tax return sooner rather than later, as being efficient can save you standing in line at SARS at the last minute if any problems arise. As […]

What you need to know about tax season

Along with the chill of winter, the opening of income tax season next month may send shivers down your spine. The official date from which you can file your tax return (ITR12) this year is Sunday, 1st July 2018. From that point, taxpayers can start submitting their 2018 personal income tax returns for the 2017/18 […]

Transfers of Tax Free Savings Accounts from 1 March 2018

From 1 March 2018, Section 12T(8) of the Income Tax Act will allow for transfers of Tax Free Savings Accounts (TFSAs) between product providers, in part or full, without incurring a reduction of your annual (ZAR33,000) and lifetime (ZAR500,000) limits. Previously, if you wanted to transfer your TFSA from one provider to another, it would […]

Tax Free Savings Accounts – Why TFSAs are a no-brainer for kids

Tax Free Savings Accounts (TFSAs) have been part of the investment landscape in South Africa for a few years now, and while they can be a powerful savings tool, they don’t always make sense for adult investors. For minors however, investment options are limited, especially those offering tax benefits to parents. Traditionally these would take the […]

Are Tax Free Savings Accounts the best option for you?

Many South Africans have started taking advantage of Tax Free Savings Accounts (TFSAs), which were established by the Government as an easy and safe way for citizens to increase their savings. When investing in a TFSA, you won’t be taxed on any growth on your investment — you won’t pay tax on dividends, interest or […]

What taxes do I pay when I invest offshore?

Investing offshore allows you to diversify and benefit from a broader universe of investment ideas, but what about the tax you may have to pay? As with any other investment, it is important to get the full picture before you make any decisions. When you invest offshore, the tax you may be required to pay […]

Trouble in Paradise?

Another week, another leak! This time 13.4 million confidential financial documents dubbed the Paradise Papers from the Bermuda-based law firm Appleby, which also has offices in the British Virgin Islands, the Isle of Man and Guernsey. What do these island economies all have in common? Well to some they are all Offshore Financial Centres, but to […]

Top tax tips for small businesses in South Africa

January may begin with resolutions for the year ahead – but March begins with Tax Resolutions for the next tax year. We promise ourselves to be a little more organised, a little more prudent and try to minimise our contributions the next time around. BusinessTech recently said that with the many challenges small business owners […]