Estate taxes
During the very difficult time of a family member passing, dealing with tax is the last thing one wants to do. Unfortunately without completing this process an estate will never end. Pre and post death …
Deceased Estate Tax Certificates
Of late executors are finding it more and more difficult to attend to the tax returns of deceased estates. Since the automation of tax certificates, loading from investment houses through to the SARS system, SARS …
Pensioners – PAYE directives by SARS
SARS will be implementing a change to how pensioners have PAYE deducted, should they hold multiple investments. They will have the ability to instruct the investment houses on how much additional PAYE to deduct. Retirement …
E-filing Profile Hijacking and Tax Directives Enhancements
SARS NOTICES Please receive communication from SARS regarding E-filing profile hijacking Cases reported to SARS from multiple entry points are escalated to the Cybercrime Task Team (CCTT) via an internal Remedy Incident Management process. Each …
Budget Speech 2021/2022
Business Soul Accounting | by Sheldon Conway The budget speech 2021/2022 presented by Finance Minister Tito Mboweni, was a tense affair this year with not much jest. “These are not austerity measures” was a stern …
Update Banking Details with SARS
BANKING DETAILS VERIFICATION Taxpayers can now submit banking details supporting documents electronically on eFiling or the SARS website should the need arise. They need to provide an image of themselves holding their proof of identity, …
Provisional Tax Deadline and Relief
Provisional tax is due for most companies and individuals on Monday 31st August 2020. In the midst of the COVID-19 crisis, provisional tax returns still need to be submitted. SARS has implemented the following relief …
South African Government Relief Measures for COVID-19
By Sheldon Conway of Business Soul Accounting CC – 24 March 2020 Please read the relevant announcement regarding the relief measures. The full statement is included here: President Cyril Ramaphosa: Escalation of measures to combat Coronavirus …
Donations, what SARS needs to know
Are you making donations to your children? Did you make a donation to a third party, that is not a registered NGO/NPO? Did you write off a loan to another person, a trust or a …
