If you owe SARS more money than you can afford to pay then you are a candidate for a tax compromise. In a nutshell SARS is willing to “park” some (not all) of your current debt in order to ensure…

31 August 2015 is the deadline for the 1st 2016 provisional tax return for individuals, trusts and companies with a February year end. It is an often misunderstood tax especially with regard to its workings. This is not helped by…

In our June 2015 newsletter we set out the requirements where the submission of a 2015 tax return would not be required. Briefly these are where an individual earn less than R350 000 per annum and fulfils a series of…

The loss of employment through retrenchment (forced or voluntary) is a reality many employees face in the current economic climate. Over the last number of years, various tax concessions have been made to ease the financial burden on employees facing…

The 2015 tax season (March 2014 to February 2015) opens on 1 July 2015 and this raises the annual question of which individuals are required to submit an IT12 annual tax return. As per Government Gazette 38874 dated 12 June…