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Food for Thought on Subsistence Allowances
You’ve been up since 4am in order to catch yet another red-eye flight for a 9am business meeting - 1,400km away - and you’re already onto your thi
Read moreWhy Is My Take-Home Pay Less Than My Gross Salary?
Have you ever noticed a difference between your contracted salary and the actual amount deposited into your bank account? This Q&A aims to clarify some comm
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How to cruise through a travel audit efficiently
Surely most of us love to travel, but traveling for business purposes is no fun when it comes to completing your tax return. SARS has some rather onerous requi
Read moreFinding your way around a SARS IRP5
Consult the image below to find all the tax-related information on your IRP5 that you will need when completing your annual tax return. PAYE number Income s
Read moreCapital Gains and Losses: which source codes to use?
In the Capital Gains section of the annual tax return (ITR12), SARS requires you to insert the relevant asset source code for the item you have sold. Howe
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Top Tips for Sole Props
1. Keep an accurate record of revenue and expenses You can draw up these records by way of a simple spreadsheet based on your invoices and then confirm these a
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SARS terminates Tax Clearance Certificates from October 25th
From the 25th October 2019, the printed Tax Clearance Certificate (TCC) will be substituted by the electronic Tax Compliance Status (TCS). This new digital vers
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Wear and Tear (Depreciation) Top Questions
This week we zoom into Wear and Tear also commonly known as Depreciation. Below we've covered some of the top questions we've received from our Helpdesk. T
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Top Questions on IRP5s
It’s that time of the year again and employers are issuing their employees IRP5s for the tax year. An IRP5 is a tax certificate which shows the total empl
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