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Capital Gains Tax and the sale of Bitcoin
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
Break-Even Analysis: Definition and How to Calculate and Use It
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
Why vendors fail VAT audits?
As accountants, we have noticed over the past years a significant increase in VAT and Income Tax verifications and audits conducted by SARS. These reviews
Personal Income Tax Requirements
Income tax is the normal tax which is paid on your taxable income. Examples of amounts an individual may receive, and from which taxable income
Provisional Tax (IRP6) Submission Deadline at SARS – 29 February 2024
14 February 2024 Provisional Tax (IRP6) Submission Deadline at SARS – 29 February 2024. Provisional tax is not a separate tax from Income Tax. It
Plans to Replace IAS 1 with IFRS 18
IAS 1, Presentation of Financial Statements, is about to become an IFRS as it is being replaced by IFRS 18, Presentation and Disclosure in Financial