How to minimise your tax burden, ahead of time Having recently filed your 2022 Income Tax return as well as your 2nd Provisional Tax return for 2023, the last thing on your mind is your tax [...]
In his State of the Nation Address, President Cyril Ramaphosa announced a tax break for the installation of rooftop solar photovoltaic (PV) panels. It is proposed that individuals who install new [...]
Closing a dormant company in South Africa is a relatively straightforward process but it is important to follow the correct steps to ensure that the company is properly dissolved and that all [...]
The recent implementation by SARS of late-submission penalties applies to all registered companies, whether actively trading or dormant. Neill Hobbs, tax specialist and CEO of Hobbs Sinclair [...]
2023 2nd Provisional Tax Return is due on 28 February 2023 28 February marks SARS’ due date for the second Provisional Taxpayers’ 2023 tax return for the tax year 1 March 2022 to 28 [...]
Provisional Tax Provisional taxpayers are required to make two compulsory tax payments during the year of assessment (for example – 1 March 2022 to 28 February 2023). The first is payable [...]
Taxpayers are feeling the effects of a radically hardened attitude by SARS towards taxpayer responsibilities. This, according to Neill Hobbs, CEO of specialist tax advisory firm Hobbs Sinclair, [...]
SARS has issued a notice stating that from 1 December 2022 admin penalties will be charged for late submission of income tax returns which are outstanding from 2007 to 2020. For Individual Tax [...]
With tax season in full swing, individuals are encouraged to submit their tax returns before the October deadline. What is important is to make sure that you are compliant and know your status, [...]