Archive | Newsletter

Business Brief – RSA TAX FILING SEASON 2019 | Problems with eFiling

The South African income tax filing season began July 1 for the filing of Tax Returns for the year ended February 28 2019, as applies to Individuals and Trusts only.

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Business Brief – Provisional Taxpayers – Whose hot and Whose not!!!

The South African Provisional Tax rules may affect a person when income has been or is expected to be received or accrued during a tax year unrelated to employment remuneration.

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Business Brief – Natural Persons | Motor Vehicle Log Book [MVLP]

Whilst the information available by the South African Revenue Service (SARS) on this subject is scant however the United States Internal Revenue Service (IRS) Publication 463 provides greater details for the US jurisdiction.

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Business Brief – RSA – eFiling – Credit Push – Payment System

During the first week of this month the South African Revenue Service (SARS) announced significant changes in the way taxpayers would be allowed to make any tax payment using eFiling.  The existing alternative options of Electronic Funds Transfer (EFT) or manual payment at a SARS office remains unchanged. The new “Credit Push” system is causing […]

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Business Brief – RSA – Close Corporation Annual Returns

Although the requirement to lodge annual returns has been around for a number of years for Companies however the requirement for returns to apply to Close Corporations is now implemented as from September 1 2008, per the CIPRO notice below, making it compulsory for all CC’s to file the annual return in terms of s15A […]

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Business Brief – RSA Taxation – Notice to furnish annual income tax return 2012 year of assessment

The Commissioner of the South African Revenue Service is required to give public notice annually that all persons who are personally or in a representative capacity liable to taxation under the Income Tax Act or who are required by the Commissioner to furnish returns for the assessment of tax, must furnish returns within the period […]

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Business Brief – December 2011 – USA Federal Taxes: How to select a tax preparer and FREE tax help options

NEWSLETTER BY: John Benson, December 31 2011 Do you – Use the same preparer you always have? Look in the Yellow Pages for someone close to home or with a large ad? Ask your friends and neighbors for suggestions? Use an online tax preparer? All are valid options – however, if you pay someone to […]

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Business Brief – December 2011 – USA Federal Taxes – IRS: IRS Offers Tips for Year-End Giving

NEWSLETTER BY: Internal Revenue Service IR-2011-118, December 15 2011 WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Some of these changes include the following: Special Charitable Contributions for Certain IRA Owners This provision, currently scheduled to expire at […]

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Business Brief – December 2011 – USA Federal Taxes – IRS: Filing Deadline extended to March 30 for some Tax Exempt organisations

NEWSLETTER BY: Internal Revenue Service IR-2011-120, December 21 2011 WASHINGTON — Tax-exempt organizations with January and February filing due dates will have until March 30, 2012, to file their annual returns, the Internal Revenue Service announced today. The IRS is granting this extension of time to file because the part of the e-file system that […]

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Business Brief – December 2011 – USA Federal Taxes – IRS: Plan now to get full benefit of Saver’s Credit

NEWSLETTER BY: Internal Revenue Service IR-2011-121 December 21 2011 WASHINGTON — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2011 and the years ahead, according to the Internal Revenue Service. The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to […]

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