National Lockdown and the corona virus have wreaked havoc on all our lives. We are worried about what the future holds for our families, country and business. Luckily the Department of Small Business Development (DSBD) has announced some support and intervention initiatives for interim relief… Read More »COVID-19 and your business
The year 2020 has brought a lot of changes. Lockdown and Covid-19 have impacted every aspect of our lives. It has even changed the Benjamin Franklin quote: “There are only two things certain in life: death and taxes.” By moving the 1 July opening date… Read More »5 Things to do to survive the Individuals’ Tax Season
“Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbour. Catch the trade winds in your sails. Explore. Dream. Discover” –… Read More »Why we celebrate each milestone
INDIVIDUALS The maximum marginal rate for natural persons remains at 45% and is reached when taxable income exceeds R1,656,600 (previously R1,577,300). The minimum rate of tax remains at 18% on taxable income not exceeding R216,200 (previously R205,900). The primary rebate for all natural persons has… Read More »How Tax Changes in the 2021 Budget Speech will Effect you
big changes to the individual tax season this year. The biggest one being the auto-assessment. But what does it mean when SARS auto-assesses your tax for the 2020 individual tax return season? From 1 August to 31 August 2020, SARS will be assessing a significant… Read More »SARS Auto-assessment: An explainer.
