SARS Will Audit Your Home Office Deductions: Top Tips If You Want Your Claim To Succeed
In the wake of a surge in claims for home office deductions, SARS held a webinar to ensure taxpayers understand the requirements for their claims to pass muster.
5 Top Tips for Expats to Make Themselves Tax Ready
Adding to the challenges of 2020, the South African Revenue Services (SARS) announced that it did not make its annual budget.
SARS Teams Up With IRS: Two Birds With One Stone
In a further effort to enhance its enforcement on a global scale, SARS announced on 6 July that it will join forces with the Criminal Investigation Division of the United States’ Internal Revenue Service (IRS). This partnership will undoubtedly build up SARS’ capacity to trace offshore wealth; the opportunity for SARS to rub shoulders with […]
Working Remotely Abroad: Not As Simple As Packing Your Bags And Leaving
Remote work has become the norm for many employees and professionals alike. Along with the growth of the ‘gig’ economy, which surged during the Covid-19 pandemic, the most remarkable change is the flexibility and mobility of remote working employees, who can criss-cross the country and global borders without taking a day’s leave.
Travel Allowances
We look at how travel allowances work, which method of calculation is best, and also provide a heads-up of how to manage the unforeseen consequences of the COVID-19 pandemic.
4 Things To Consider When Filing Tax Returns During Third Wave Lockdown
South Africa drifted into economic standstill for the umpteenth time after President Ramaphosa announced that the country will embrace Level 4 lockdown restrictions once more. While the hospitality and tourism sectors are rightfully up in arms, the rest of the country look on as tax season approaches.
SARS Due To Make Changes To The Electronic Record Keeping Requirements
Too often, taxpayers seem to forget that the most important aspect of dealing with SARS is to ensure that they can discharge their burden of proof.
Avoid Tax Wolves In Sheep’s Clothing: 6 Things To Look Out For
Post-Covid economic resurgence saw an increase in international work opportunities. With skills in hand, many South African professionals have become sought-after in other countries. As a result, their finances and subsequent taxation have come under scrutiny. However, along with the awareness of tax complications, another threat has emerged.
Are You Thinking About Starting An Importing Or Exporting Business? Here’s What You Need
In the wake of a global lockdown and travel restrictions, there came a resurgence in economic activity. Governments the world over poured relief funds into all types of commerce, hoping to jumpstart businesses across all platforms and trade areas.
Planning for Exit
With the world’s recent and continuing lockdowns, in view of the ever-present Covid-19 pandemic, more and more South Africans are considering moving abroad (or having their children move abroad).