do you qualify for these tax rebates let us check!

Do You Qualify for These Tax Rebates? Let Us Check!

Tax season isn’t all bad. Did you know that SARS offers a plethora of rebates, deductions and incentives to both individual taxpayers and businesses? When correctly applied, these tax relief measures can make a substantial difference to your tax liability. This is where we come in. We can check which of the various tax relief measures listed in this article apply to you, your company and your employees, making sure you don't pay more tax than you should – and potentially achieving significant savings.
top tips for a hassle free tax season 2024

Top Tips for a Hassle-Free Tax Season 2024

Tax Season 2024 is now open! We’ve put together a list of the timelines and changes for every type of taxpayer. Luckily, you don’t have to worry about the finer details, as we’ve got your back. Our team is familiar with all the requirements, up to date with the changes for this filing season, and ready to implement our streamlined processes. We won’t just make your Tax Season 2024 hassle-free; we’ll also save you time and money.
provisional tax
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Provisional Tax: Are You Ready for the Crucial 29 February Deadline?

Especially for taxpayers required to make provisional tax payments on income as both individuals and as owners of companies, it may seem that a provisional or final income tax deadline lurks around every corner, with the next and crucial second payment deadline for most companies and individuals just a few short weeks away on 29 February 2024. Given the numerous declarations and payments overlapping through the year, provisional tax is among the most confusing aspects of the tax regime, and the most heavily penalised, making professional assistance essential when attending to provisional tax responsibilities.
budget 2024
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Budget 2024: The Minister of Finance Wants to Hear from You!

Finance Minister Enoch Godongwana has invited the public to share suggestions on the 2024 Budget he is expected to deliver on Wednesday 21 February 2024.
verification
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Corporate Taxpayers: Hello Tougher SARS Verifications

While SARS’ announcement of the removal of the supplementary declaration for Corporate Income Tax (CIT) for companies or close corporations – the IT14SD form - appears to indicate less paperwork, cost and time when a company is selected for CIT verification, the reality is that it will result in greater scrutiny during the verification process.
sars criminal offenses
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Common Tax-Related Criminal Offences, and How to Avoid Them…

Most tax criminal offences are not premeditated acts of tax evasion, but ordinary events that now - in terms of the Tax Administration Act - expose individuals and businesses to the possibility of committing offences that carry harsh penalties, including fines, imprisonment, and other implications for those convicted.
research and development
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Can the R&D Tax Incentive Benefit Your Business?

In this article, we unpack what the incentive aims to achieve and what it offers, how businesses can determine whether this research and development tax incentive applies to them, what the terms and conditions entail, and how to ensure your business can benefit while meeting all the requirements.
solar
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How You and Your Business Can Benefit from SARS’ Solar Tax Breaks

Two time-limited tax measures were announced in the 2023 Budget in February to encourage investment in renewable energy. The first is an expanded tax incentive for businesses that will reduce taxable income by 125% of the cost of qualifying investments in renewables, and the second is a tax rebate to individuals for 25% of the cost of solar PV panels.
tax freedom day
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Happy Tax Freedom Day!

The 14th of May is a happy day that all South African taxpayers should be celebrating as in 2023, that’s the day after the country has earned enough to pay for our government. Tax Freedom Day (TFD) is a simplified way of showing how much time we all spend working for the government’s GDP rather than our benefit.