May 2016

In the 2015 Budget, Finance Minister Nene introduced a tax free savings incentive. It allowed R30,000 per person per annum to be invested in a variety of funds including unit trusts, exchange tracker funds (ETFs), savings accounts and insurance products. The TFSA is capped at R500,000 contribution per individual. Within four months of the launch […]

Until the recent change in our tax laws, prescription of assessments (the expiry date of when SARS could still reassess a return submitted) in practically all cases took effect: • After SARS issued an assessment – 3 years after the date of assessment • After the taxpayer issued a self-assessment (such as VAT or your

There are two reasons why you would value a business: • Either you want to sell your business or you are thinking of acquiring another business • Business owners should have an exit strategy. Valuing your business on a regular basis tells you how much value you are creating. It also indicates what needs to