Secundes

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 […]

Tempted to use AI as a personal finance assistant? Limitations and risk factors to consider

Artificial Intelligence (AI) has revolutionised numerous industries, including personal finance. With AI chatbots providing real-time, human-like responses to queries, one might be tempted to fully entrust their financial management to these digital assistants. However, while AI offers undeniable benefits, it’s essential to understand its limitations, particularly when dealing with sensitive areas such as personal finance. […]

Is a maintenance payment a ‘donation’?

Helping someone out may be exempt from donations tax—but as always, the devil is in the detail… Donations tax is one of those strange taxes where people often question its existence.  After all, why would SARS be so mean as to want to tax someone’s generosity?  The main reason is estate duty—or, more specifically, the […]

Frikkie van Schalkwyk: A 25-year journey of excellence in financial leadership

In the business world, three things stand out: expertise, experience, and excellence. Frikkie van Schalkwyk embodies all three, showcasing a remarkable track record spanning over 25 years. Back in 1999, Frikkie’s path took a meaningful turn when he became a director at Secundes. This move let him contribute his skills to a broader array of […]

Estate planning in South Africa: Essential questions answered

Estate planning is a critical part of financial planning, yet it often gets overlooked. This process involves drafting a will, assigning assets to beneficiaries, and understanding how a deceased estate will be administered. To shed light on this topic, here are answers to some frequently asked questions about estate planning that might assist in helping […]

Tax breaks for retirement funding

While there are very few tax breaks for individuals, some huge ones are available for retirement funding. Retirement tax breaks in South Africa are designed to incentivise individuals to save for retirement and provide them with tax relief on contributions to retirement funds.  The government has implemented various tax incentives over the years to encourage […]

Simplify tax filing: Secundes has you covered for 2023

It’s that time of the year again when tax deadlines loom ahead. For 2023, the deadlines for income tax returns are as follows: Individual taxpayers (non-provisional): From 7 July 2023 @ 20:00 to 23 October 2023 Provisional taxpayers: From 7 July 2023 @ 20:00 to 24 January 2024 At Secundes, we offer comprehensive tax services […]

Never do things just ‘for tax purposes’

A decision based solely on tax considerations is likely to be the wrong one “I HATE tax!” These were the words spoken by a director of one of the clients of the audit firm with whom I served articles. Whilst many would agree with this sentiment towards the tax-man, this particular individual’s zeal in devising […]

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