November 1, 2018

When is an entity considered to be a small business corporation for income tax purposes?

According to Article 12E(4) of the Income Tax Act, a small business corporation (SBC) is defined as a close corporation, co-operative or private company (in terms […]
November 1, 2018

Wanneer word ’n entiteit as ’n kleinsake-korporasie vir belastingdoeleindes beskou?

Volgens artikel 12E(4) van die Inkomstebelastingwet word ’n kleinsake-korporasie(KSK) gedefinieer as ’n beslote korporasie (BK), koöperasie of privaatmaatskappy (ingevolge die Maatskappywet van Suid-Afrika): waarvan die totale […]
October 1, 2018

Value-Added Tax (VAT) – Registrations, Zero-Rated Supplies and Exempt Supplies

When do I have to register for value-added tax (VAT) and when am I allowed to register? What are the different types of VAT supplies? What do I […]
October 1, 2018

Belasting op Toegevoegde Waarde (BTW) – Registrasies, Nulkoersvoorraad en Vrygestelde Lewerings

Wanneer moet ek registreer vir Belasting op Toegevoegde Waarde (BTW) en wanneer word ek toegelaat om te registreer? Wat is die verskillende tipes BTW-voorraad? Wat moet ek by die Suid Afrikaanse Inkomstediens indien? Hierdie is almal algemene vrae wat opduik wanneer ons met BTW werk, veral met nuwe BTW-ondernemers.  Wat is BTW?  BTW is ’n indirekte belasting wat opgelê word op die verkoop of aankoop […]
July 31, 2018

When can business expenses be deducted for an individual if additional income is earned over salary?

Tax legislation allows a taxpayer to claim certain expenses which were incurred during a year of assessment against the income received. Nevertheless, the nature of expenses […]
July 31, 2018

The modern accounting function

With the fast-changing modern economic landscape, financial planning and management are becoming an ever more important aspect of the modern business. It is therefore important to […]
June 21, 2018

Ring-fencing of losses (Section 20A) for natural persons

Section 20A came into effect on 1 March 2004 and this section deals with the ring-fencing provisions that prevent natural persons from reducing their taxable income […]
June 6, 2018

Omheining van verliese (Artikel 20A) vir natuurlike persone

Artikel 20A het met ingang van 1 Maart 2004 in werking getree. Hierdie artikel handel oor die omheiningsbepalings wat verhoed dat natuurlike persone hul belasbare inkomste […]
April 25, 2018

Tips for automation – Implementing effort-free accounting

It is often difficult for business owners to cross the divide of working on your business, rather than working in your business. Although this is usually […]