As a follow-up to our January article, (find the newsletter here: https://www.fhbc.co.za/2020/01/06/does-your-business-qualify-as-a-small-business-corporation-according-to-sars/) we determine whether a Personal Service Provider is able to make use of the tax benefits of a Small Business entity.
Archive for category: Tax Compliance and Administration
Non-profit organisations have many forms and different variations (each with its own set of rules). The main topics mentioned in the article includes the requirements which must be met in order to qualify as a public benefit organisation, the difference between a public benefit organisation and an association, as well as the deductibility of certain donations made to public benefit organisations.
Are you curious about what the Naspers unbundling transaction is actually about? Are you perhaps a Naspers or Prosus shareholder? If you answered yes to one of these questions, please read further. This article can be seen as a summary of what the transformation, which Naspers is currently going through, actually entails. It also serves as a break-down of the different tax consequences for Naspers shareholders.
“Education is the most powerful weapon we can use to change the world.” Nelson Mandela
When it comes to bursaries, scholarships and study loans, the Income Tax Act 58 of 1962, makes provision for a tax-free benefit, to help employees save money, with regards to basic/higher education. In this article we list the statutory requirements.
From 1 June 2019, the all new Carbon Tax Act 15 of 2019 (CTA) will be effective, and the final method of reporting and administration thereof is said to follow shortly thereafter. This new tax type will affect any person or entity who conducts an activity which results in the emission of greenhouse gases above the allowed threshold.
SARS released new rules regarding the compulsory use of a logbook, which are applicable from the 2019/2020 financial year. Previously, taxpayers only had to keep a logbook for business travelling purposes, but in terms of the new rules, taxpayers must declare all travelling, including private travelling, in a travel logbook.
Hierdie artikel is ‘n opvolgartikel van ons Maart 2019 uitgawe. Wonder u moontlik oor die kostes verbonde aan finansiële emigrasie en watter inligting u aan die owerhede moet verskaf? FHBC is opgewonde om aan te kondig dat ons u van hulp kan wees met die opweeg van belange, die insameling van die nodige dokumentasie/bewysmateriaal, die berekening van die belasting en ander kostes verbonde aan die proses asook die voltooiing van die aansoek om finansieel te emigreer.