by alertsprofessionalservices | May 10, 2024 | Blog
What is Tax Planning? Tax planning can be defined as an arrangement of one’s financial and economic affairs by taking complete legitimate benefits of all deductions, exemptions, allowances and rebates according to laws and regulations to ensure that tax liability...
by alertsprofessionalservices | May 10, 2024 | Blog
Benjamin Franklin once said that “the only thing certain in this world is death and taxes”. Whilst it is extremely difficult to deal with the loss of a loved one, it is important to understand the tax consequences of death. When a person passes on, all their assets...
by alertsprofessionalservices | May 10, 2024 | Blog
You can now be fined or jailed for small tax mistakes. Inadvertent (unintended, unintentional, unplanned) tax errors – including not alerting SARS of a change in your personal details or failing to keep records from previous tax years – could potentially land...
by alertsprofessionalservices | May 10, 2024 | Blog
Capital Gains Tax was introduced on 1 October 2001. It forms part of normal income tax and is based on the sliding tax tables for individuals. Capital gains is based on the concept of disposal. Events that trigger a disposal include a sale, donation, exchange, loss,...
by alertsprofessionalservices | May 10, 2024 | Blog
What Is a Break-Even Analysis? A breakeven analysis is a calculation that tells business owners the minimum number of units of a good or service they must sell to cover all their costs and to be profitable. It helps entrepreneurs come up with a pricing strategy that...
