by WVDW | Dec 13, 2021 | Individual
Do you care and look after others that my not be a relative? If you want someone to be a beneficiary of your estate, especially when they are not directly related to you, you need to expressly mention them in your will as a beneficiary. We saw lately in the news how...
by WVDW | Dec 13, 2021 | News
HOME OFFICE EXPENSES Working from home seems to be the “New Normal” since the Corona virus outbreak. If you worked from home for more than half of your total working hours or for more than 6 months during the tax year March 2020 to February 2021 you can...
by WVDW | Dec 13, 2021 | News
VAT: Irrecoverable debts and clawback adjustment A registered VAT vendor on the invoice basis that fails to make payment within 12 months after the expiry of the tax period in which the deduction was made must account for an output tax adjustment to SARS...
by WVDW | Dec 13, 2021 | News
HAVE YOU OR SOMEONE YOU KNOW RECENTLY BEEN RETRENCHED? PERHAPS DUE TO COVID? Have a quick read about the tax implications upon retrenchment:As from 1 March 2014, the first R 500 000 received for a severance benefit lump sum pay-out, is not subject to tax. This...
by WVDW | Dec 13, 2021 | News
We regularly receive inquiries about how long documents should be stored. In terms of the Income Tax Act and Value Added Tax Act, tax payers should keep documents in their original form or electronic format as prescribed by die Commissioner. The...
by WVDW | Dec 13, 2021 | News
Each individual taxpayer is allowed to invest R10 million per year offshore if you have a tax clearance certificate. In addition to that, you may invest R1 million per calendar year as part of your discretionary allowance. Any interest, capital...
