Fspbusiness.co.za » tax-break

Did you know...

You can complete your IT14SD form in 6 steps
>> FIND OUT MORE HERE<<

You don't HAVE to allow your employees smoke breaks?
>> FIND OUT MORE HERE<<

Strikes can cripple your business
>>Find out how you can prevent them<<

Tax Break

As an entrepreneur, you've got dozens of things to think about: Products, clients, advertising, salaries, budgets... The list goes on and on. So it's no wonder that many entrepreneurs let their tax obligations slide - and then, when tax season arrives, it's a massive panic to get your documents in on time. Don't let that happen to you. Here are some tax tips you can use to get to grips with your company's tax requirements......
[14 August 2013]

Three individual tax-saving tips you can implement today
The tax return form and filing procedure for completing your individual income tax return may have been simplified, but the tax laws haven't! You must be even more vigilant if you want to avoid SARS penalties. Here are three tips you can use to you comply with SARS so you can save on tax.... ››› more
[07 August 2013]

Do you or your employees qualify for this R30 000 tax break?
R30 000 isn't exactly pocket change, but SARS is willing to give you a tax breaks under special circumstances. Read on to see if you qualify for these tax breaks.... ››› more
[02 August 2013]

Top tax tip! Here's how to use the company car, tax-free...
Do you sometimes use your company car for personal reasons? If you answered 'yes' there's great news for you: You don't have to pay tax on that fringe benefit if your use falls under these simple rules.... ››› more
[11 July 2013]

Three little-known company tax breaks that will help you pay less tax
With personal tax season now upon us, everyone's got numbers on the brain. And while you may be a pro at maneuvering personal tax loopholes, did you know that there are just as many sneaky tax breaks on the company side of things? It's never too early to start thinking about how you'll beat that SARS demon. You'll be surprised how much you can save just with these three useful tax tips!... ››› more
[09 July 2013]

Follow these 10 tips to make working from home successful
• How to identify poor performers that are costing you money • Follow these 10 tips to make telecommuting successful • Attention Employers! From the Department of Labour...... ››› more
[11 June 2013]

Can you claim interest on loans as an expense?
Liza wrote into our Accounting and Tax club in May, and asked if she could claim her loan deductions as an expense for tax purposes. One of our tax experts, Alan Lewis, a Tax Advocate and independent tax consultant, wrote in with advice on how to handle the situation.... ››› more
[03 June 2013]

Business owner: Don't miss out on these two ways to legally pay less tax by investing in trusts!
Good news: South African Revenue Service (SARS) has created a new asset class for investors to consider, offering tax breaks to the venture capital trusts or companies that fund small businesses! Here's how your business can take advantage of this by investing a little spare cash in a venture capital trust, and another way to put 'trusts' to your advantage when it comes to legally paying over less tax...... ››› more
[20 May 2013]

The secret to avoiding a 'tax evasion' label from SARS...
It's not just the small companies that let things slide financially and 'forget' to submit their tax returns to SARS on time... or to submit them at all. Finance Minister Pravin Gordhan said yesterday that a number of top firms are side-stepping tax too, by shifting their profit centres to parts of the world where they can avoid paying tax. Here's what to do if SARS suspects your business of tax evasion.... ››› more
[15 May 2013]

Vat Matters - Have you submitted a claim to your insurance company recently?
You could be in big trouble without even knowing it! Did you know when you submit a claim to your insurance company and they settle your claim Vat is triggered?... ››› more
[11 April 2013]

Free State government listen up: You can you claim input tax for your website
Spending R40 million on a shoddy website has left the Free State government with egg on its face. Luckily, there's good news for the municipality - and for you if you're setting up a company website! Read on for details...... ››› more
[12 March 2013]

Will SARS allow me to claim home office allowances on this?
Our Tax Helpdesk service gets dozens of tax queries every week. Here's an interesting query we received recently, relating to home office deductions.... ››› more
[06 March 2013]

Avoid tax penalties by meeting 2015's carbon tax requirements today - it's easy!
There are jokes doing the rounds that carbon tax will be the end of many businesses. Especially those that are heavy polluters. Luckily, the carbon tax is only being introduced in 2015, so you have time to reduce your carbon tax emissions - here's what you can do to avoid tax penalties for not starting to reduce your carbon emissions in time.... ››› more
[05 March 2013]

Reap the tax incentives by setting up your business in a special economic zone!
The business sector was pleasantly surprised when Finance Minister Pravin Gordhan's Budget Speech came with no nasty tax surprises. In fact, a few of the announcements are promising, as they offer tax incentives to businesses that put a bit of thinking into their business strategy. Here's how you'll benefit from special tax breaks just from setting up your business in a special economic zone or industrial development zone...... ››› more
[01 March 2013]

Reduce your company's carbon emissions now, ahead of the introduction of carbon tax!
Most businesses breathed a sigh of relief on hearing the outcome of yesterday's Budget Speech. Many of the anticipated rises in tax were left off the table entirely, and there are quite a few area where your business will benefit from tax relief. But there is an area you need to take action today - start to reduce your company's carbon emissions, ahead of the introduction of carbon tax!... ››› more
[28 February 2013]

Four ways to ensure your staff bursaries are tax-free
South African universities go back to work this week as the official varsity calendar gets under way. That's great news if you plan to send a staff member back to 'school' to further his degree or training. After all, doing so means better trained staff and a great tax break for your business too. Here are the SARS' requirements for company bursaries you need to know about...... ››› more
[08 February 2013]

Three ways to ensure your charitable donations qualify for a SARS tax break
On Wednesday, Patrice Motsepe, the fourth richest man in South Africa, joined the likes of Warren Buffett and Bill Gates in pledging to donate at least half his family's money generated by their assets to the poor. While this is a big move for an individual, it's not just individuals that should use donations to better the community. Companies should follow suit too - not just for the good feeling you'll be left with, but also to take advantage of SARS's charity deduction tax break...... ››› more
[01 February 2013]



There are 47 ways to get more money back from SARS >> FIND OUT MORE HERE<<
Save your business from penalties by being an instant audit expert! >> FIND OUT MORE HERE <<
Make a dismissal stick, even if it goes to the CCMA >> FIND OUT HOW<<
Get the only DoL recognised way to train your HSE representative >> FIND OUT HOW <<
You have to dismiss an employee, but do you know how? >> FIND OUT HOW HERE <<
3 Instances where you don't have to pay Capital Gains Tax... >> FIND OUT MORE HERE<<
Exclusive report: Calling all HR managers - this is a must read! >>Read more<<
Improve your cash flow and eliminate simple accounting mistakes >> FIND OUT MORE HERE<<
The HR resource that’s making over 13 240 managers' lives MUCH easier! >> Read more <<
Employers - You must display a summary of the BCEA and EEA Get your summaries here
Find out how to recruit staff effectively >> CLICK HERE <<
Cut your health and safety training bill by 80% >> FIND OUT HOW <<

Top Articles ATTENTION ACCOUNTANTS: Failure to comply with changes to the TAA could land you in trouble with the taxman Know the difference between insubordination, gross insubordination and insolence Six rules to stick to when deducting money from an employee's salary Do you know the difference between negligence and gross negligence? Three HR rules worth breaking

News

ATTENTION EMPLOYERS: Even part-time staff must have a contract >> CLICK HERE FOR MORE DETAIL <<
40 Tools to Manage your Business Tax Risk >> CLICK HERE <<
MANDATORY NOTICE FOR ALL EMPLOYERS: no matter how many people you employ 1 or 100 Read more now
Giant health and safety mistakes that 2 out of 3 companies make every year >> FIND OUT MORE HERE <<
Save R24 469 by keeping an accurate logbook today >> CLICK HERE <<
Attention Employers! From the Department of Labour: Not displaying summaries of the EE Act and BCEA in the workplace is punishable by law Read more here


Media

Useful Links SAICA SAIPA Labour and HR Club Department of Health New-Business Ideas COID Business Ideas Club

Disclaimer
Copyright 2013, Fleet Street Publications (Pty) Ltd. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. No action or inaction should be taken based solely on the contents of this publication. We do research all our recommendations and articles thoroughly, but we disclaim all liability for any inaccuracies or omissions found in this publication. No part of this publication may be reproduced or transmitted in any form or by means of electronic or mechanical, including recording , photocopying, or via a computerised or electric storage or retrieval system without permission granted in writing from the publishers.