Secundes

Beneficial Ownership in South African Trusts: Recent Developments and Regulations in 2024

The concept of beneficial ownership in trusts within South Africa has undergone significant changes, particularly with new regulations coming into effect in 2023 and 2024. These changes aim to improve transparency in trust management and ownership, aligning with international standards to combat financial crimes like money laundering and tax evasion. Key Legislative and Regulatory Changes: […]

How trusts preserve generational wealth

The estate duty savings are compounded over several generations ARTICLES ON trusts are often aimed at settlors or donors to highlight the benefit of trusts and the role they play in estate planning at the ‘first-generation’ level.  In this article, the author aims to illustrate to second-generation beneficiaries the effect of the decisions their parents […]

Tax compliance lives beyond death

A deceased estate takes on a (tax) life of its own while being wound up I STARTED my first job back in September 1987 at the tender age of 18, and approximately nine months later I received my very first income tax return from the Receiver of Revenue (as SARS was known in those days), […]

Securing your financial future with Secundes: A new year, a new beginning

As we embark on a new year, Secundes is eager to continue our journey with you. Our commitment is to unlock your maximum financial potential, ensuring your success and peace of mind in 2024. Celebrating 40 years of financial mastery Founded in 1983, Secundes has been a pillar of financial expertise. With four decades of […]

Beware of tax-related scams

Over the past five years, the Southern African Fraud Prevention Service (SAFPS) has seen a steady increase in the number of tax-related scams. Improved efficiency To improve efficiency when it comes to processing tax returns, and to encourage individuals and businesses to file their tax returns timeously, SARS launched its eFiling service in 2000. This […]

Tax implications for marriages in community of property

The default marriage regime has some complicated tax consequences. When couples are caught up in wedding and honeymoon planning, visiting their attorney often takes a backseat. Many couples don’t realise that different marital laws affect how their assets are managed during marriage, divided if it ends, and how they’re taxed. The different legal frameworks determine […]

Secundes: Paving the path to education and career excellence

At Secundes, we’ve taken a proactive step towards making a difference in the lives of aspiring accountants. We have established our very own study fund, administered by the Helpende Hand Study Fund. This initiative is designed to provide invaluable support to students pursuing part-time studies while working full-time at Secundes. Today, we’d like to introduce […]

When to register your business for VAT

There’s a compulsory threshold, but there may be advantages to voluntary registration. Value-added Tax (VAT) registration is a crucial obligation for businesses operating in South Africa. Knowing when to register for VAT is essential to comply with tax laws and avoid penalties. This article discusses the circumstances under which businesses must register for VAT in […]

A dive into South Africa’s revised assessed losses regulations

Navigating the complex world of corporate finance and tax regulations can be challenging for businesses. South Africa has recently undergone significant changes in its tax landscape, including limits on assessed losses and adjustments to corporate income tax rates. To stay informed, adaptable, and compliant, companies must seek expert advice and gain a better understanding of […]

Secundes: Achieve financial success with us

In today’s fast-paced world, achieving sustainable financial success is a goal that we all strive for. Whether you’re an individual looking to secure your family’s future or a business owner aiming to optimise profits, Secundes is here to guide you every step of the way. We are your trusted financial and accounting advisors, and we’re […]

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