Blog: September 2017

Dis heerlike lente, die winter is verby!

Dis heerlike lente, die winter is verby! Vir meeste van ons voel dit asof ons die koue berg van winter oorwin het en met elke dag se vroeër sonsopkoms en later sonsondergang, kry almal ‘n nuwe huppel in hul stap. Ons hoop julle sien soveel uit na die oorblywende deel van die jaar soos wat ons doen. Even though we look forward to the summer, we acknowledge the draught in the province and request all our colleagues and clients to help save water.

Further refinements to the attack on interest free loans to trusts

We previously reported on the introduction of section 7C of the Income Tax Act, 58 of 1962. In terms of this targeted anti-avoidance provision, National Treasury sought to attack interest free loans granted to trusts by connected persons of that trust.

Gone are the days of tax-free salaries abroad

Many South African taxpayers earning a salary abroad have for many years been able to benefit from so-called “double non-taxation”. This would be the case where salaries are earned in countries where the employer country would not tax salaries earned in that country, and where a domestic South African income tax exemption would also be available to such South African employees.

5 Common small business money mistakes

Of all the roles, a small business owner takes on, often the most challenging is managing the business's finances. You can improve your chances for success - and your profitability - by being aware of and steering clear of these common small business money mistakes.

1. Insufficient Cash