This month we look at tax deductions that might apply for health practitioners in smaller practices. There are various deductions allowed, however we cannot emphasise enough: If SARS comes knocking at your door questioning an expense, you need to ensure that you have sufficient documentation to prove the expense.
SARS’s filing season doesn’t need to be unbearable. In this post we explain what you need to do to ensure that you’re prepared. Then you can avoid any potential headaches!
Can you deduct the costs of your home office from your taxable income? This is a grey area in tax – it involves more than one income tax provision, with more than one interpretation. SARS is usually stricter. Here we explain how you may qualify to deduct home office expenses and what you need if SARS queries these deductions.
Considering the low interest rates currently available, you may be more tempted to either buy your first home or build up a property investment portfolio. In debating which decision to make, you should always keep the potential tax consequences in mind. We explain the ABCs and T&Cs of Capital Gains Tax on residential property.
If you can do your job from anywhere in the world: The tax implications of living elsewhere whilst working (remotely) in South Africa
When shares are sold the question always gets asked: How much of the purchase price needs to go to SARS? This will depend on whether the sale is subject to capital gains tax or normal income tax.
Our tax experts answer your questions regarding tax implications for exchange between cryptocurrencies, and CGT on Forex gains
Do you need a refresher on dividends tax? Bonus! You can read about dividends tax and the tax implications of total return ETFs
The tax consequences associated with retirement and key opportunities to consider when planning your retirement.
