Trusts and Tax – be afraid, be very afraid…

Trusts and Tax – be afraid, be very afraid…

The fact that SARS collects 90% of the governments’ revenue means they have to be on top of their game in terms of tax collection. In the 2017/2018 tax year, there was a tax revenue collections shortfall of R50 billion, which contributed to the increase in VAT...

Tax tips for SMEs

In a 2019 report by Small Business Institute,  Chairman, Bernard Swanepoel, he says, ‘98.5% of South Africa’s economy is made up of small businesses (SMEs).’ SMEs may be creative, hardworking and have a great product or service to sell, but they do not always have the...

Tax Disputes – sticking to timelines

It’s a case of ‘taxpayers beware’ when it comes to adhering to the very strict timelines promulgated under the Tax Administration Act (TAA). Even if the aggrieved taxpayers’ dispute is valid, they can be stripped of the opportunity to challenge the decision. When a...

SARS dips into taxpayers bank accounts

On a daily basis, SARS is issuing garnishee orders against taxpayers bank accounts,  to their employers even their customers without issuing a summons, judgement or notification, regardless of whether their assessment is correct or not. The problem is that as their...
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