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July 24, 2018

DEDUCTIBILITY OF INTEREST FOR NON-TRADING INDIVIDUALS

SARS Practice Note 31.2 (PN31.2) provides for a person to be able to deduct interest paid, even where that person is not a moneylender or doesn’t […]
June 27, 2018

IFRS 15 – REVENUE FROM CONTRACTS WITH CUSTOMERS

IFRS 15 recently became effective for financial periods beginning on or after 1 January 2018. IFRS 15 is only applicable to entities that have implemented International […]
June 27, 2018

CHANGING BANKING DETAILS WITH SARS

In order to prevent fraud, the South African Revenue Service (“SARS”) requires confirmation of new or any changes to existing banking details and will only process […]
June 27, 2018

TAX DEDUCTIONS AGAINST SALARY EARNINGS

Our clients who earn only a salary will know that very few tax deductions are available against salary income for income tax purposes and whereby they […]