If you have multiple sources of income, it should help you to understand your total tax liability. According to a recent article on IOL, Many South African taxpayers with different sources of income tax are often surprised when at the end of the year their PAYE (Pay-as-you-earn) deductions do not cover all their tax [...]
Where do I keep my death folder? Having a place to keep your important documents is vital to ensuring your relatives and estate are taken care of when your time comes. But where exactly should you keep them? When creating a death folder, it has to be done very accurately. It has to be [...]
Not sure who to trust with your death folder information? A good place to start is by doing the ‘2 Beers and a Puppy’ test, a thought exercise by Ross McCammon... Pick a person in your life — a friend, a coworker, your cousin Kyle, whoever — and ask yourself two questions: Would I [...]
Do your loved ones know what to do when your time comes? Often mourning can be overshadowed by frustrating admin and uncertainty that may not have been addressed in your will - do you even have a will and would your loved ones be able to find it? Would they even know who is the [...]
2020 Filing Season For Individuals. Now that the Annual Employer Reconciliation (PAYE) period has been finalised, the South African Revenue Service (SARS) is preparing for the next phase of Filing Season 2020, namely filing by individual taxpayers. This year, there are significant changes in how SARS interacts with stakeholders and how taxpayers and tax practitioners [...]
SARS will do your tax filing for you from next month – here’s what you need to know The South African Revenue Service (SARS) will from August, begin to assess a significant number of taxpayers automatically, based on data received from employers, financial institutions, medical schemes, retirement annuity fund administrators and other third-party data providers. [...]
Not happy with how SARS handled your tax matters? You know what to do when you need to file your taxes, but do you know where, when and how to lodge a complaint if you are unhappy with how SARS has handled your tax matters? If not, then it is time that you learn about the Office [...]
