Last month’s Budget 3.0 withdrew the contentious proposed VAT changes. This resulted in inflation-linked fuel levy increases of 16c for petrol and 15c for diesel, from 4 June. Other tax proposals from March’s Budget – including static personal tax thresholds, reduced transfer duties, and sin tax increases – remain unchanged. The tax measures contained in […]
Category Archives: Financial
05
Jun
Jun
In the life cycle of every small business or start-up, one early trap catches many founders off guard: failing to separate personal and business finances. Whether you’re a seasoned entrepreneur or just starting out, maintaining clear financial boundaries is essential for protecting yourself and your business and ensuring long-term success. Here are five tips to […]
07
Apr
Apr
The proposed VAT increase of 0.5% in 2025 and another 0.5% in 2026 is the big news from Budget Speech 2025. The increase is strongly opposed by political parties within and outside the GNU – but it is only one way in which individual and corporate taxpayers will bear the brunt of another substantial Budget […]
08
Apr
Apr
Government’s approach to balance this year’s National Budget 2024 shortfall of R15 billion didn’t set a positive example for South African individuals and businesses that face the same economic challenges but are, unlike government, unable to side-step spending cuts by squeezing taxpayers and tapping into national reserves. Given the economic conditions, business and personal budget […]
04
Mar
Mar
There were few surprises and little in the form of good news in Budget Speech 2024. Although there were no major tax proposals and no major tax rate hikes announced, individual taxpayers will bear the brunt of a R15 billion Budget shortfall, while multinational corporations will pay a global minimum corporate tax, and plans are […]
21
Apr
Apr
We are not all born with a winning hand. Is this why so many of us are willing to take riskier gambles with our hard-earned money? By the way, this post isn’t about betting and casinos, but about the innocent risks we take monthly. According to the latest General Households Survey from Statistics South Africa, […]
10
Feb
Feb
So why did you buy that car despite the extra burden it places on your monthly expenses? Why did you not go on that well-deserved overseas holiday when you can clearly afford it? It all comes down to the psychology of spending money, a fascinating process that influences whether you swipe or save. Here’s the […]
09
Nov
Nov
The ability to collect money owed by taxpayers from third parties (banks for example) who hold money for them is just one of SARS’ wide powers when it comes to the collection of outstanding tax debts. Fortunately, because these powers are so extensive and can potentially place companies or individuals in dire financial distress, taxpayers […]
03
Oct
Oct
Money influences many aspects of our lives, from the kind of products we buy at the grocery store, and the neighbourhood we live in, to the friends we make. However, it’s not commonly known that money (and especially debt) can affect our health. In this blog, By Numbers Accounting discusses the relationship between negative spending […]
08
Sep
Sep
It’s no secret that economies around the world are struggling. Increased inflation, booming petrol prices and erratic stock markets are everywhere, and South Africa is not immune. Recently an economist at Oxford Economics Africa, Jee-A van der Linde, was quoted in the daily Maverick speaking about South Africa specifically. “Real gross domestic product [GDP] contracted […]
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