In an effort to keep taxable earnings down, many business owners will run personal expenses through their business, but this can lead to challenges should the owner want to exit, or raise capital to expand.
Category - Taxes
Many people have left corporate employment to start a home-based business or join the gig economy, and this will be the first time that they are facing the challenge of filing their tax return under their new status as freelancers or sole...
Treasury has set its sights on incomes earned by South Africans overseas, which may cause many to rethink their plans to work abroad.
How many people when they receive a tax rebate or a bonus spend it rather than investing it?
Freelancers need to understand their tax obligations: far too many land up in financial difficulty as they have not made provision for their tax.
On 25 April 2017 the Davis Tax Committee (DTC) released a media statement calling for written submissions on the possible introduction of wealth taxes in South Africa.
A simple guide explaining how to go about calculating your tax.
Changes to the taxation of estates could leave a surviving spouse with a hefty tax bill.
The High Court recently held that if you refuse to respond to a SARS lifestyle questionnaire, you must be prepared to suffer the consequences.
Despite the fact that cellphone allowances are fairly common as part of remuneration packages, some employers and employees still run into unexpected tax consequences.