Capital Gains Tax Considerations for Retiring Small Business Owners
Retirement for small business owners is not simply a case of handing in your resignation letter and having a big party at which the company presents you with a gold watch. It often involves the not inconsiderable task of selling your business—particularly if there is no ‘heir apparent’ to take over the reins. And then […]
VAT on Short-Term Lettings and Commissions
Are you acting as agent or principal and what would be the pragmatic approach? There are very few people across the world who haven’t heard of Airbnb. Started in San Francisco in 2008, this multi-billion-dollar NASDAQ-listed company that employs around 7,000 people has revolutionised the short-term letting industry. Over four million property owners around the […]
Amanda van Biljon: A Steady Hand in the World of Accounting and Financial Strategy
Amanda van Biljon’s career as a professional accountant spans nearly three decades, during which she has developed a strong reputation for her expertise in financial strategy, including profit improvements, budget forecasting, and tax planning. She began her career in 1996 at Van Dyk en Vennote, quickly establishing herself as a dedicated professional with a sharp […]
Never Been to the USA? Your American Citizenship Still Matters for Taxes
Are you a citizen of the United States of America? If so, you have US tax obligations… even if you’ve never set foot in the country. Part of my preparations for relocating to the UK in 2017 was to ensure that my South African tax affairs are in order. Apart from the obvious legal requirements […]
Mastering Record Keeping: How to Meet SARS’s Electronic Documentation Standards
Too often, taxpayers seem to forget that the most important aspect of dealing with SARS is to ensure that they can discharge their burden of proof. As a taxpayer, it is on you to provide SARS with the relevant material that, on a balance of probabilities, supports your position. Taxpayers are required to retain relevant […]
Meet Rozane van Schalkwyk: A Trusted Professional in Financial Management
Rozane van Schalkwyk is a professional accountant and director at Secundes. She is known for her expertise in financial management, taxation, and consulting. With a career spanning 16 years, Rozane has built a reputation for providing practical, reliable financial advice that helps our clients make informed decisions and achieve their goals. Her journey began in […]
Understanding the Two-Pot Retirement System: Questions and Answers
As of 1 September 2024, significant changes have been introduced to the retirement landscape in South Africa with the implementation of the two-pot retirement system. This system allows members of pension funds, provident funds, and related schemes to access a portion of their savings while still working. With this shift, it is essential to understand […]
Cryptocurrency Trading in South Africa: Exchange Controls and Emerging Challenges
The untold story of Exchange Control Regulations. Cryptocurrency traders in South Africa have focused on understanding the tax implications of their transactions relative to the Income Tax Act. This has proved challenging, as SARS has merely stated that “the normal rules apply” without providing authoritative guidance concerning the various cryptocurrency-related transactions, and when profits are […]
Meet ElzaLize Steenkamp: Balancing Professionalism and Personal Touch
At Secundes, we are proud to have ElzaLize Steenkamp as one of our directors. With over a decade of experience in accounting and consultancy, ElzaLize plays a vital role in delivering tailored financial solutions to our clients. She began her journey with a B.Com Accounting degree from the University of Johannesburg. After a brief stint […]