Do you pay too much tax as a commission earner?
Tax directives for individuals who earn commission enable SARS to instruct your employer or fund manager to deduct tax at a set rate/percentage (determined by SARS for your specific case) and not at the general income tax rates.
Financial year end without the pain
Do you get bogged down with your financial year-end? Many business owners do. To help alleviate the pressure, being prepared, as well as consistently managing your financial records throughout the year will make life easier when the deadline comes around.
Top up your RA and save on tax
At Counteractive, we believe that wealth isn’t a coincidence, it’s a strategy. So, when it comes to the investment decisions you make, there are some important factors to consider. And tax is one of them. While you’ll never entirely avoid paying tax, when and how much you pay will have a significant impact on your long-term outcome.
Guide to provisional tax for individuals and companies
As we approach the new income tax year, you’ll need to start thinking about preparing for provisional tax payments. Here’s what you need to know: Provisional tax for individuals
Is your accountant speaking Greek to you?
… And we don’t mean that your accountant hails from the Mediterranean. For non-financially inclined business owners, there’s a vocab that you need to get a handle on
Is your accountant a number cruncher or advisor?
If you’re only using your accountant to crunch numbers and provide tax advice, you’re doing your business a disservice. When you build a strong relationship with your accountant,
Load shedding: What are the tax incentives for alternative power?
Are you fed up with high electricity costs and the debilitating load shedding disaster affecting your business? Perhaps it’s time to consider solar power solutions and their associated tax deductions.
Estate planning is more than just writing a will
Procrastination is the biggest enemy of estate planning. While nobody likes thinking about dying, if you don’t plan for it you may leave family feuding, assets going to the wrong people, drawn-out litigation, and more money paid in estate taxes than what’s necessary.
Individual tax return: Should you DIY or hire a pro?
eFiling is quick, easy and cheap but the DIY approach could cost you more than the personalised service of an accountant.
Bad debt: how SARS views it
Every business owner’s dreaded scenario. You’ve done the work, the quality’s great, the product’s excellent, your workmanship exceeds expectations, but your client isn’t paying. You’ve exhausted every avenue for finding a way for the account to be paid and now you’re faced with writing off the debt. What are the tax implications for your business? […]