Tax articles
Should you be taxed on your end of year bonus?
After a long year, you may be fortunate enough to be offered a bonus by your employer. This means that you will have the opportunity to spoil your loved ones, pay off your debt, or contribute towards your savings or investments. However, did you...
What do financial advisers actually assist you with?
It seems straightforward to assume that a financial adviser will assist you with your finances. But have you really considered what that would entail? Does a financial adviser do your taxes for you? What role do they play in assisting you with f...
Should you run your personal expenses through your business?
When you're the owner of a small business, your own finances are so strongly tied to your venture that the line between personal and business expenses may become blurred. However, this can land you in some trouble when it comes to taxes.
Small business owner? This is how to be tax compliant
As a small business owner, you need to ensure that your company is tax compliant. But with so many other things to focus on, and not being a tax specialist yourself, you may have overlooked something.
How are you taxed when working for an overseas company?
It’s become commonplace for companies to hire foreign employees who work for them remotely. But does this mean you will be taxed locally, or can you opt to pay taxes towards the company’s base country?
Everything you should know about tax auto assessment
In 2019, the South African Revenue Service (SARS) launched a system, which was dubbed an “auto assessment”, to assist taxpayers with their annual tax returns. But what does this system entail, and how will it impact you?
Which home office expenses can you claim from SARS?
The new coronavirus has forced many companies to allow their employees to work from home. This may save costs for the employer, but it does pass them on to the employee. Many of these are costs tax-deductible.
How to choose a tax practitioner – ask these questions
Your friends and family may have advised you to hire a tax practitioner to make sure you remain tax-compliant. But how do you choose the right one for you?
Are employers responsible for work-from-home costs?
While working from home, you may quickly realise you’re spending more on data, coffee, and stationery. If your employer covered these costs while you were working from the office, then you may wonder whether they ought to continue coverin...
Are you indebted to SARS? Do this to avoid penalties
Whether you’re an employee or a contractor, it’s easy to fall behind on your taxes. With all the paperwork and distant deadlines, tax season may be over before you’ve even realised it arrived. Luckily, there are ways to...
COVID: Retrenched and freelancing? Set up your home office like this
With the Covid-19 pandemic forcing the majority of South Africans to be in lockdown, many have now turned to working from home. So, how can you ensure you maintain your productivity in your new work environment? We found out.
Are you tying the knot? This is how your tax will be impacted
In the rush to say “I do” to the love of your life, you might’ve forgotten about the tax implications of your union. Life is simpler when you’re single but when you get married, things become a bit more complicated.