by Ricardo | Apr 25, 2025 | Business, Individual
The Compensation for Occupational Injuries and Diseases Act (COIDA) is a South African law that provides compensation to employees who are injured or contract an occupational disease because of their employment. The Act also provides compensation to the dependents of...
by Ricardo | Apr 24, 2025 | Business, Individual, News, Trusts
In the early hours of Thursday morning, National Treasury issued a press release announcing that the planned VAT rate increase on 1 May will be scrapped. This follows intense pressure from various political parties and economists opposing the increase, as well as a...
by Ricardo | Mar 24, 2025 | Business, Individual, News, Trusts
Recently the Minister of Finance presented his 2025 – 2026 Budget Speech. What happens now? The Budget Speech approval process in South Africa follows a structured timeline throughout the financial year. Here’s a detailed breakdown with estimated dates: Budget Speech...
by Ricardo | Mar 13, 2025 | Business, Individual, News, Trusts
Finance Minister Enoch Godongwana delivered the 2025 National Budget Speech on March 12, addressing critical economic issues, tax changes, and government spending priorities. While the budget introduces measures to stabilize revenue collection and support social...
by Ricardo | Mar 12, 2025 | Individual, News
Time is everything. How much you need to save for retirement depends on your age. The earlier you start, the more you can gain from investment compounding and the less you must save per month. Here are three retirement rule of thumb calculations (Remember that none of...
by Ricardo | Feb 20, 2025 | Business, Individual, News
To explicitly target cryptocurrency trading and investment both domestically and internationally, the South African Revenue Service (SARS) has set up a dedicated cryptocurrency unit. The unit’s scope is essentially limitless, and SARS has verified that it can...
by Ricardo | Feb 3, 2025 | Business, Individual, News
The South African Reserve Bank announced on Thursday that the repo rate will be cut a further 25 basis points. This reduces the repo rate to 7.50% and the prime lending rate to 11.0%. This is the third interest rate cut in less than six months and more rate cuts are...
by Ricardo | Nov 20, 2024 | Individual
Individual tax payers please note the following information with regards to your tax submissions and their due dates for auto assessments, non-provisional tax payers, and provisional tax payers: • Auto assessments ended and acceptance or rejection of the auto...
by Ricardo | Oct 22, 2024 | Individual
Individual tax payers please note the following information with regards to your tax submissions and their due dates for auto assessments, non-provisional tax payers, and provisional tax payers: • Auto assessments ended and acceptance or rejection of the auto...
by Ricardo | Oct 21, 2024 | Individual
Individual tax payers please note the following information with regards to your tax submissions and their due dates for auto assessments, non-provisional tax payers, and provisional tax payers: Auto assessments ended and acceptance or rejection of the auto assessment...
by Ricardo | Sep 10, 2024 | Business, Individual, News
As part of our ongoing commitment to providing you with comprehensive financial solutions, we are thrilled to announce an exciting new partnership with Anchor, a premier wealth and asset management advisory firm. Take a look at the attached Anchor Capital leaflet for...
by Ricardo | Aug 16, 2024 | Business, Individual
There is often the confusion around the different taxes, today we will focus on provisional tax. What is it? It is not a separate tax form income tax. It is a method of paying your (or your company’s) income tax liability in advance, to ensure that the taxpayer does...
by Ricardo | Aug 14, 2024 | Individual
The South African Revenue Service (SARS) sent a letter to stakeholders warning that it plans to get tougher on non-compliant taxpayers in South Africa. In the past SARS could only levy a late submission of return penalty where TWO or more tax returns are outstanding....
by WVDW | Apr 5, 2024 | Business, Individual, Tax Risk Insurance
There have been fraudulent actions on e-filing in the past few months. It does seem that these activities originate from within SARS, but SARS obviously categorically denied it. Emails or SMS alerting taxpayers to the requirement to authorise a change in their...
by WVDW | Mar 18, 2024 | Business, Individual, Tax Risk Insurance
Your tax filings not proceeding as smoothly as you had hoped for? Do you have further accounting, investment and tax related queries, please contact our offices for assistance. 011 476 1112info@wvdw.co.za WVDW #WVDWFinancialServices #bookkeepers #accountants #Director...
by WVDW | Jan 30, 2024 | Individual, Tax Risk Insurance
The South African Revenue Service (SARS) has a wealth of data about taxpayers, as evidenced by a recent High Court decision. The SA Revenue Service triumphed in CSARS v. M after SARS questioned a taxpayer about a discrepancy between what was on their tax...
by WVDW | Nov 2, 2023 | Business, Individual
The Compensation for Occupational Injuries and Diseases Act (COIDA) is a South African law that provides compensation to employees who are injured or contract an occupational disease as a result of their employment. The Act also provides compensation to the dependents...
by WVDW | Aug 31, 2023 | Individual
Do you have a will? 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. (Allex...
by WVDW | Jul 13, 2023 | Individual
Author: Wessie van der Westhuizen Are you a business owners, a director, or senior manager? This article is for you. Being a good corporate citizen means that a company operates in a way that benefits not only its shareholders and customers, but also the communities...
by WVDW | Jun 15, 2023 | Business, Individual
Author: Marianne Steinmann Are you a bookkeepers, an accountant, a business owners, a director, or do you employ domestic workers in your home? This article is for you. Register with the Compensation Fund To cover your workers against occupational diseases,...
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...
