Beware of tax-related scams
Over the past five years, the SAFPS has seen a steady increase in the number of tax-related scams. Improved efficiency To improve efficiency when it comes to processing tax returns, and to encourage individuals and businesses to file their tax returns timeously, SARS launched its eFiling service in 2000. This allows taxpayers to file their […]
How to object to your income tax assessment
You and SARS are entitled to have a difference of opinion. This article, which was originally published in the May 2014 issue of Tax Breaks, has been updated to take later developments in SARS’ processes (and e-filing functionality) into account. YOU’VE GOT your tax return in on time, and your tax practitioner told you that […]
Frequently Asked Questions: Solar panel tax incentive for individuals
HOW CAN PEOPLE CLAIM THE INCENTIVE? Individuals will be able to claim the rebate if they have: A VAT invoice that indicates the cost of the solar PV panels separately from other items, along with proof of payment. Certificate of Compliance evidencing that the solar PV panels were brought into use for the first time […]
Important Notification: 2024 SARS Income TAX Season
As we approach the 2024 Personal Income Tax Season, which commences on July 7th, 2024, we are proactively preparing to streamline the process. Our goal is to ensure accurate calculations and to minimise the risk of triggering audits. Based on our observations from the previous tax year, audits were primarily carried out on returns filed […]
Travel claims, but no allowance?
For commission-earners and the self-employed, the rules are slightly different but travel costs can be claimed. The mistake that I make when writing articles about travel allowances is that I tend to forget that not all of us are ‘wage slaves’. Indeed, there are many taxpayers for whom the saying, “If a man will not […]
What to do if you owe SARS money
Owing money to the South African Revenue Service (SARS) can be stressful, but don’t panic. By understanding your options and taking prompt action, you can resolve the issue and minimise the impact. This guide will equip you with the knowledge you need to navigate a tax debt situation. The importance of addressing tax debt Take […]
SAdocs Making Strides Towards Building a Stronger Healthcare Force In South Africa
If you’re a medical student, a young doctor, or even a seasoned doctor faced with a question or a new step in your career, then there’s one thing you can bargain on: you are not alone. There are a number of things common to all doctors when it comes to navigating the different stages of […]
Insights Into the 2024 Budget Speech
INSIGHTS INTO THE 2024 Budget Speech The Minister of Finance, Enoch Godongwana, recognises the inequalities and deprivation that still scar our society and therefore confirms that the 2024 Budget is tabled to secure the goal of growing our economy: “The budgets we have tabled since 1994, have been about securing the goal of growing the […]
Bridgement Finance
Immediate Finance available up to R5 million to all our clients through Bridgement We strive to continue giving you the best possible service and solutions for all of your business needs with working capital being crucial for growth and day-to-day operations. As such we have engaged with one of our finance partners called Bridgement who […]
When SARS Requests Supporting Documents
E-filing doesn’t allow ‘secured’ or password-protected documents to be uploaded – but there is a solution FOLLOWING SARS Commissioner Edward Kieswetter’s announcement that he intends to rebuild SARS’ enforcement capabilities as part of his quest to become the scourge of recalcitrant taxpayers, there has been a noticeable increase in requests from SARS for the submission […]
