Individuals, special trusts, companies and small business corporations will see some relief from the Budget 2022 proposals, and to help you quantify that, and as a convenient reminder of the various other taxes that remain unchanged, we share both the official SARS Tax Tables and a link to Fin 24’s Budget Calculator (just follow the […]
Tag Archives: By Numbers Accounting
26
Nov
Nov
“Cyber Attack: An attack, via cyberspace, targeting an enterprise’s use of cyberspace for the purpose of disrupting, disabling, destroying, or maliciously controlling a computing environment/infrastructure; or destroying the integrity of the data or stealing controlled information.” (CSRC – Computer Security Resource Center) South African businesses, already facing significant risk of cyberattacks, have been warned to […]
27
Oct
Oct
“The hardest thing in the world to understand is the income tax” (Albert Einstein) A year after the first mass auto-assessments were issued by SARS in 2020, many more taxpayers are facing the 2021 tax season deadline of 23 November – just days away! Read on to find out what has changed since last year, […]
25
Nov
Nov
Businesses must heed the importance of Freelancing and tax compliance. That’s because both have a shared interest in ensuring freelancers are fully compliant with SARS For so many businesses, the murky waters of freelancing and tax compliance are almost unnavigable. And answers to questions are hard to find. For example, with whom does the tax liability […]
17
Nov
Nov
People often ask this question. Trusts do cost money to set up, but using the cost of setting up a trust as an excuse to not set one up may be penny wise and pound foolish. It may cost you more by not having a trust. The cost of Income Tax, Capital Gains Tax, Estate […]
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