by Liza Moorcroft | Jul 8, 2025 | Filing season, Income Tax, Tax
Are you prepared for the 2025 Tax Season for individuals? This year, tax season has once again kicked off with a round of auto-assessments as SARS tries to improve efficiency, identify discrepancies, and encourage voluntary compliance. Once auto-assessments come to...
by Liza Moorcroft | May 19, 2021 | Income Tax, Small Business Tax
Turnover tax is a simplified tax system developed for micro businesses. Tax is calculated on the turnover of the business (revenue + VAT – refunds) for the financial year albeit at more favourable rates. This tax regime replaces income tax, capital gains tax...
by Liza Moorcroft | May 18, 2021 | Income Tax, Small Business Tax
Generally, the profits of companies and close corporations are taxed at a standard 28% whilst the profits of trusts (other than special trusts) are taxed at 45%. A Small Business Corporation (SBC) may qualify for more favourable tax treatment however, to qualify for...
by Liza Moorcroft | Sep 16, 2020 | Company vehicle, Fringe Benefits, Income Tax, PAYE, Payroll, Tax, Travel allowance, Travel reimbursement
The basic premise is: if an employer requires an employee to use their private vehicle to travel for business purposes, the employer should compensate the employee for this. But what is unclear to many is whether it is cheaper to: Reimburse the employee for...
by Liza Moorcroft | Aug 12, 2020 | Filing season, Income Tax, Provisional Tax, Sars, Tax, Tax Relief
In this article we will address some of the most common questions we receive regarding provisional tax. In publishing this article, we hope to place valuable information within reach of more people and in doing so indirectly assist more taxpayers with their...
by Liza Moorcroft | Aug 5, 2020 | Home office expenses, Income Tax, Income Tax deductions
Introduction Commission earners can claim the non-capital home office expenses they incur in the production of income as home office deductions when submitting their annual income tax returns. There are however some factors to consider before claiming this...
