Category: Tax

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 professionally in writing so that your discussion is recorded and can be referenced. If you wish to relieve yourself of the […]

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 yoga, you are not only studying the asanas (postures), but you are also honing valuable life skills, such as flexibility, balance […]

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 a provisional taxpayer, it’s important to register and declare all sources of income to SARS, along with a workings table to […]

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 tax year, which runs from 1st March 2017 to 28th February 2018. Due to the country’s flailing economic growth and its […]

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 face every day, being tax compliant is often not at the top of the list and tax deadlines often come and […]

When it comes to listing our fears, many people might cite spiders, thunderstorms and clowns as their top three. But for many of us we have to deal with SARS more frequently than clowns, however ironic that may sound, and dealing with SARS can be quite a scary thought! During the next tax season, which started at the beginning of this month, The South African Revenue Service intends on collecting nearly R1trn. Dealing with SARS does […]