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 | Apr 3, 2025 | About WVDW, Business, News
We’re excited to announce that WvdW Financial Services has partnered with Merchant Capital, one of South Africa’s leading providers of alternative working capital solutions for SMEs. Through this partnership, we can now help fast-track access to working capital...
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, News
The 2025 Tax Guide is a detailed breakdown of all matters of South Africa’s tax system for the year. Access the Tax Guide 2025 If you have any queries, please contact our offices for assistance. 011 476 1112 info@wvdw.co.za #WVDW #WVDWFinancialServices #MBServices...
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 | Sep 10, 2024 | About WVDW, News
To our valued customers, Due to staff training, the WVDW/MBS team will be unavailable on Thursday 12 September 2024. Kindly e-mail or WhatsApp us and we will respond on Friday. Regards, WvdW Financial Services Inc
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 WVDW | Oct 2, 2023 | News
In a significant move that marks a milestone in its growth journey, WvdW Financial Services, a prominent financial services company in South Africa, has partnered with MBS Accounting, a smaller but highly regarded practice. This partnership represents a strategic move...
by WVDW | Jul 27, 2023 | News
Companies must adhere to the new “Beneficial Ownership Register” platform that has been released by the Companies and Intellectual Property Commission (CIPC). Businesses must now notify the CIPC of their beneficial ownership by October 2023 in response to...
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...
