- Tax deduction secret: How to get free advertising for your business!
- Of course, as you already know, you need to advertise your business to attract customers and make money. You also know that advertising is expensive.
That's why today we're sharing a tip on tax deductions and free advertising!
When is advertising tax free?
As long as it's incurred in the production of income and isn't of a capital nature, (for examplethe actual screening costs of TV and rad... ››› more
- [24 March 2015]
- Use these three tips to claim tax back on that office in your bedroom
- Since 2005, you've been able to claim those handy tax deductions on a home office. But sometimes it can be difficult to do, because these deductions blur the line between private and company tax.
And if you don't actually qualify for this deduction, SARS will query the claim and you may face penalties.
Avoid this by checking off one of these three requirements before you claim your home offi... ››› more
- [22 May 2014]
- Do these two things to guarantee your input tax claims
- Attention Vat vendors: It's your duty to charge output tax and claim input tax as long as you can prove your claims to SARS and back them up with all the required documents.
Get this wrong and SARS will deny your input tax claim and slap you with penalties and interest!
Since that's something that happens all too often in business these days, our experts suggest you do these two things to gu... ››› more
- [16 May 2014]
- Avoid getting your company tax wrong with this easy-to-use trick
- Company tax can be very confusing. There's so much you need to consider. It's easy to get it wrong, especially if you're a small business doing the company taxes yourself. All of this is enough to send you running for the hills. But you don't have to run or panic. There's one easy trick you can use to make sure you calculate your company tax right every time...
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- [06 May 2014]
- Did you know: There are seven types of property you'll pay donations tax on?
- One of the most misunderstood tax topics is Donations Tax. If you want to navigate the Donations Tax maze well and avoid hefty penalties, continue reading to find out what SARS classifies as a donation and the seven types of property you'll pay Donations Tax on.
Every South African tax law explained by our experts
The Practical Tax Loose Leaf Service offers you:
... ››› more
- [05 May 2014]
- Confused about home office deductions? Here's how they work
- On 15 March 2011, SARS published an update to Interpretation Note 28 which deals with the, deduction of home office expenses. While the update was published over two years ago, a lot of companies are still confused with the issue. If you have employees who work from home, continue reading to find out how home office deductions work. It's the only way you can help your employees avoid penalties.
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- [02 May 2014]
- Are legal fees tax deductible? Do this to ensure a legal battle doesn't land your company in the red
- Legal fees are a huge expense and can easily run into the hundreds of thousands. You need to avoid getting your business involved in any legal disputes for this very reason. But that's not always possible. Here's what you need to know about your legal battles and tax so a nasty dispute doesn't land you in the red.
Stop forking over thousands of unnecessary ... ››› more
- [29 April 2014]
- Ramphele disaster leaves DA wondering: Can we claim tax back on costly legal fees?
- It's a political disaster. Last week, the news headlines were alight with the story that Mamphela Ramphele had joined the DA as their presidential candidate. But yesterday, news broke that this isn't the case. Now, the DA could face costly legal fees as, according to the Business Day, because the party now has legal issues it needs to clarify from the Ramphele's breach of good faith. Could the DA ... ››› more
- [03 February 2014]
- Insurance and tax: What if you didn't take out insurance to cover your company's losses?
- Ever wondered what will happen if your company doesn't have an insurance policy to cover losses you suffer due to theft or damage? Can you claim a tax deduction for these losses? Read on to find out what your options are...
Imagine this scenario: Your office is raided by thieves during the weekend, but not all the stolen assets were covered by you insurance policy. Or your office burns down and... ››› more
- [04 November 2013]