According to online resources South Africa is the sixth most dangerous country in the world to live in. It is also no secret that we are challenged as a country with life threatening diseases like HIV/ AIDS, and probably one of the most underrated illnesses, obesity. Our roads are dangerous and it is also a […]
Deciding to take the plunge and start your own business, is a huge step for most people. A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. No-one can guarantee your success, but we can help you avoid some of the common […]
View the full page extract from the Cape Times 25 February 2014 on the link below. Full Article Here
The Income Tax Act allows taxpayers who use their private vehicles for work purposes to claim a tax deduction from the allowance received. This excludes travel between your home and work place, which is regarded as private travel. To claim this tax deduction, you need to keep accurate records of your business and private kilometers […]
The following is a summary of the tax related budget proposals announced by the Minister of Finance on 26 February 2014. Budet Highlights: The main tax proposals for 2014 include the following: Adjustments to tax tables relating to retirement lump-sum payments. Tax breaks to encourage household saving. Measures to encourage small enterprise development. Clarity on […]
This afternoon’s budget speech was something of a damp squib. The budget was without doubt an “election budget”. The Minister justified his limited announcements by announcing that 2014 collection budgets would in fact be met. In addition to the points below, tax highlights include: Individual tax rates remain unchanged but adjustments to bands for “bracket-creep” have […]
This afternoon’s budget speech was something of a damp squib. The budget was without doubt an “election budget”. The Minister justified his limited announcements by announcing that 2014 collection budgets would in fact be met. In addition to the points below, tax highlights include: Individual tax rates remain unchanged but adjustments to bands for “bracket-creep” have […]
In their latest survey “Paying Taxes 2014” PwC and the World Bank rank South Africa highly overall for total tax rate, number of tax payments and tax compliance hours. While well ahead of Africa, and placed competitively worldwide, most South African entrepreneurs would consider they pay too much tax. And with the approaching National Health […]
In their latest survey “Paying Taxes 2014” PwC and the World Bank rank South Africa highly overall for total tax rate, number of tax payments and tax compliance hours. While well ahead of Africa, and placed competitively worldwide, most South African entrepreneurs would consider they pay too much tax. And with the approaching National Health […]
On 11 October 2013, the Department of Trade and Industry (DTI) gazetted the revised Codes of Good Practice in terms of which entities are scored in compliance with the Broad-Based Black Economic Empowerment Act. The revised code will impact on both big and small business in terms of how their scorecards are to be compiled. […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Eric Marx of Marx Gore Chartered Accountants. Eric has joined IR as our exclusive Audit Services, Business Advisory Services, & Tax (Accountants) member in South Africa. Marx Gore was established in 1990. The practice provides a wide and multi disciplinary range […]
Even though these amendments will only become effective from 1 March 2015, we feel that it is important to be aware of the proposed changes as they could affect the type of retirement vehicle you choose. As SARS are attempting to align provident funds with pension and retirement annuity funds, you will no longer be […]