Tax Returns. Why pay and why get paid?
I don’t know many people that enjoy submitting their tax return. Having said that, I know many people who like the results of their labour. There are 3 types of results when it comes to tax returns. 1. You must pay a certain amount to SARS. 2. You receive an amount back in the form […]
Private and Confidential
All private and confidential as a standard. The term “private and confidential” is of the upmost importance when it comes to financial matters and especially personal finance or money, With any financial information, being personal or company, people are generally skeptical about handing their information over. This is especially true now with all the scams […]
Out-of-pocket – Claim them BACK!
DID YOU KNOW that you can claim back from SARS out-of-pocket medical expenses! What are you talking about? Surely they are not going to pay for these expenses? Anyway, what are these out-of-pocket medical expenses? This answer is simple. They are expenses that your medical aid did not cover. Maybe your savings ran out or […]
It’s all about tax efficiency.
What does tax efficiency mean? Tax efficiency is not a new concept and practice that helps you claim the allowances and deductions that SARS have put in place. A common deduction is the medical tax credit and ‘of our pocket’ medical expenses. Another is claiming ‘home office’ expenses when you work from home. This is […]
Employee tax returns: understanding the basics
The employee is the most important part of the business engine. Look after them and they will drive your business forward more than you will ever expect. They can be the greatest asset or the biggest liability. This all depends on how they are treated. Employee tax returns: Basic tax types PAYE: Pay-As-You-Earn Calculated according […]