Company Tax Returns: what you need to know
To many small business owners, their company tax return is the last item on their to do list but the one that is likely to cause the most anxiety. This may be the feeling to you but it is really unfounded. The Last Item The company tax return is actually the last item in a […]
Home office – how to set it up
Home office – why Having a home office may be an attractive option if you’re running a small “one-man show” or starting out small with a view to expanding once the business is off the ground. There are, however, some practical issues to consider before you start setting up your office. Home offices can be […]
Medical deductions, what are they?
Medical Deductions – what are they? With medical expenses having a reputation of adding up very quickly, they can be onerous. There is relief though. This comes in the form of medical deductions from SARS and although you will not get everything back, something is better than nothing. There are 3 source codes on your […]
Tax season 2019 – updated systems and processes
Who must submit an Income Tax Return? This year taxpayers who meet ALL of the following criteria need NOT submit a tax return: Their total employment income for the full year before tax is not more than R500 000 They only receive employment income from one South African employer for the full tax year The […]
5 reasons why you should still submit a tax return
In June 2019, SARS announced that if you earn less than R500 000 in a year, you may not have to submit a tax return for 2019. Terms and conditions apply (as usual in life) so you must comply with a strict set of criteria. BC Accounting Services advise you to take GREAT CARE when […]