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...