Your tax and business travel

Your tax and business travel

Your tax and business travel What constitutes ‘business travel’ often means different things to SARS than to taxpayers   STEVEN JONES NOW THAT it has been compulsory for recipients of travel allowances to substantiate their claims by means of a detailed logbook...
Investments where SARS chips in

Investments where SARS chips in

TFSAs are great, tax-efficient investments … but other investment tax breaks are also available JACO VAN TONDER THE MEDIA hype about tax-free savings accounts (TFSAs) may take investors’ eyes off the other tax incentives available to them. TFSAs are a great...
Read my lips: No new taxes!

Read my lips: No new taxes!

Read my lips: No new taxes! (Unless you drink or smoke, that is …) STEVEN JONES IN THE run-up to the 1988 US presidential election, Republican nominee and incumbent vice-president George HW Bush built his presidential campaign around these words: “Read my lips: No new...
Getting paid from your own business

Getting paid from your own business

Getting paid from your own business Which is the most tax-efficient?  Salary?  Perks?  Dividends?  It depends…   STEVEN JONES BACK WHEN I was still running a full-time accounting and tax practice, one of the questions that my clients asked most frequently...
Your primary residence and CGT

Your primary residence and CGT

This has to be one of the most misunderstood concepts of the CGT legislation STEVEN JONES EVER SINCE Jesus extolled the Pharisees to “render unto Caesar that which is Caesar’s” (as recorded in Mark 12: 13-17), recalcitrant taxpayers have sought to disprove that a...
SARS thanks you for their 13th cheque

SARS thanks you for their 13th cheque

Why bonuses are taxed so savagely   STEVEN JONES EVERY YEAR at around this time, I get queries from people asking why SARS has taken such a massive bite out of their hard-earned bonus. Such queries are understandable, as the following simplified example...