Do payments on loan account constitute payment for purposes of the VAT Act? This question was recently considered by the Tax Court. We thus refer to applicable case law.
THINGS TO DO IN JANUARY……. @Home
Jan 15,2018January 15, 2018
What are the things you really need to check and do in January? Why January? Plainly because you probably will not have sufficient time during the rest of the year to attend to the small, petty stuff that might cost you money or waste your time.
’N NUWE JAAR EN NUWE VOORNEMENS… IS U TESTAMENT OP DATUM?
Jan 15,2018January 15, 2018
Die lewe is baie onvoorspelbaar en ons adviseer graag kliënte om erns te maak om ‘n testament in plek te hê. Ons vra en beantwoord ‘n paar basiese vrae ten opsigte van die opstel van ‘n Testament.
PERSONEELNUUS
Dec 01,2017December 1, 2017
Ons spog met ‘n kollega se akademiese prestasie, deel die foto’s van die Jaareindfunksie, asook die goeie nuus dat ons nog ‘n Vennoot het, lewer bewys dat ons aktiewe Direkteure het wat lei deur ‘n voorbeeld te stel, vier saam met een van ons manlike kollegas die koms van sy eersteling, die krieketspan is goed op dreef en ons is besig met die reëlings vir ons Kersfeespartytjie.
IT14SD – THE DANGERS WHEN THE RECONCILIATING AMOUNTS DO NOT TIE-UP
Dec 01,2017December 4, 2017
The IT14SD is a supplementary declaration in which a company must reconcile Income Tax, Value-Added Tax (VAT), Pay-As-You-Earn (PAYE) and Customs declarations. In essence, it is meant to reconcile companies’ and CC’s accounting reporting to their tax reporting. SARS can request a detailed explanation for a reconciliation difference.
POOL VEHICLES
Dec 01,2017December 4, 2017
When a company gives a vehicle to their staff to share, SARS refers to that vehicle as a “pool car” or a “pool vehicle”. There are specific requirements in terms of paragraphs 2(b) and 7 of the Seventh Schedule to the Income Tax Act that needs to be met to ensure that no individual employee is liable for the taxable benefit.
KIES U EKSEKUTEUR REG
Dec 01,2017December 1, 2017
Die belangrikheid om u Eksekuteur reg te kies, kan nie genoeg beklemtoon word nie. U Eksekuteur is die persoon wat ten tyde van u afsterwe aangewys word om in die beste belang van u familie met u bates te handel en die belangrikheid van hierdie posisie moet dus nie onderskat word nie. Hierdie artikel beskryf waarom dit raadsaam is om u Eksekuteur reg te kies.
PERSONEELNUUS
Nov 06,2017November 7, 2017
Die personeel was weereens baie aktief. Ons het die Bejaardes bewusmaking veldtog ondersteun, ‘n pienk lintjie ter ondersteuning van kankerbewusmaking gedra, ‘n stoomtrein op fiets en voet aangedurf, Basedag met ‘n bederf by Spice Route gevier, ‘n babaseuntjie verwelkom, die koms van nog ‘n babaseuntjie gevier, ons kantore bietjie opgeruim en ons sien uit na die Jaareindfunksie.
WVF EIS TYDENS KRAAMVERLOF
Nov 06,2017November 6, 2017
Ons het die laaste tyd navrae ontvang oor of Werkgewers vir Werknemers tydens kraamverlof mag betaal. Baie Werkgewers verkies die onbetaalde verlof van vier maande, maar indien ‘n Werkgewer wel vergoeding tydens kraamverlof wil betaal, omskryf ons wat nodig is om seker te maak dat dit binne wetgewing gebeur.
PAYROLL TAXES: COMPANY VEHICLE PROVIDED BY EMPLOYER
Nov 06,2017November 6, 2017
Where a company vehicle is provided by an employer to an employee, the employee must be taxed on a monthly basis on the use of the company vehicle, as it is deemed to be a fringe benefit for private purpose. This article explains the payroll tax consequences for an employee when a company vehicle is provided by the employer for private travel purposes.