Starting your first job is a big deal. It comes with new responsibilities, formative learning curves, a regular paycheque, and, unfortunately – tax. Geo Kilian, tax attorney at Hobbs Sinclair Advisory, lays out the tax basics you need to know as...
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Listen: How to make smart tax decisions
In my latest podcast episode, I chat to tax expert Andre Bothma about the complexities of the South African tax system and how recent proposals could affect personal finances. We also have a broader discussion about the current tax landscape and...
Will a salary increase leave you worse off?
Who wouldn’t love a salary increase of over 5% this year? Most employees would be happy with a raise that keeps up with inflation. But in 2025, even an inflation-related increase might not be enough to keep up with the rising cost of living as the...
No change to 2024 income tax tables, but watch out for bracket creep
Beatrie Gouws, Tax Director at BDO, and David Warneke, Assoc. Prof. and Tax Partner at BDO, share their insight into the implications of the 2024 budget for taxpayers across all economic tiers. South Africans breathed a collective sigh of relief as...
Understand your tax liability if you have multiple sources of income
By Peter Stephan, senior policy adviser at the Association for Savings and Investment South Africa (ASISA) South African taxpayers with different sources of income are often shocked when they discover at the end of the tax year that pay-as-you-earn...
Video: Maximise your tax deductions before 29 Feb
The 29th of February marks the end of the financial year. All information up to this date will be included in your 2019/20 tax return, including all tax deductions. So, make sure you have taken advantage of all those tax perks before the end of the...
Advice for provisional taxpayers who have missed the tax deadline
By Jeremy Burman of Private Client Holdings Are you a provisional taxpayer who recently awoke in the dead of night in a cold sweat with the realisation that you missed the 28 February 2018 provisional tax deadline? Or do you have a sinking feeling...
Bitcoin: the tax question
Christopher Renwick, Attorney at Tax Consulting SA investigates the tax implications of making money from cryptocurrency. Although usually behind the global curve, South Africa seems to be keeping pace with the current Bitcoin trend. This is...
Beware the potential tax pitfalls of earnings through Airbnb
A brief search on Airbnb reveals over 10 000 property listings in Cape Town alone. If you're not already doing it yourself, you probably know of someone who has hit on the golden solution of renting out their property through this internationally...
Tax tips for freelancers or sole traders
We’re one month into tax filing season, and millions of South Africans are planning to file their annual returns within the given time frame. For many people who have left corporate employment to start a home-based business or join the gig economy,...
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Taxes that will hit your pocket
In his 2017 budget speech, finance minister Pravin Gordhan announced increased tax revenues of R28 billion, the bulk of which will come from increased personal income tax and higher dividend tax, avoiding the politically sensitive issue of an increase in VAT. 16.5bn...