Tax deductions on your home office

De Wet De VilliersTax Tuesday

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.

Budget speech 2021: A summary

De Wet De VilliersLatest, Tax Tuesday

Minister Tito Mboweni delivered his annual budget speech on 24 February 2021. In the year following the outbreak of the Covid-19 pandemic, many expected the individual tax burden to increase to make up for increased government spending and lower year-on-year tax collections. However, in an effort to stimulate spending, government increased tax brackets above inflation ...