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Professional Accountants | Secundes

Understanding the Foreign Services Income Exemption: The Requirement for Service Rendering

Many articles have been written about the application of the foreign income exemption provided for under Section 10(1)(o)(ii) of the Income Tax Act. This section provides for an exemption from South African tax from specific employment income earned while rendering services outside South Africa. The section limits such income qualifying for the exemption to any […]

How to Wind Up a Deceased Estate

Winding up an estate in South Africa is a meticulous process governed by the Administration of Estates Act 66 of 1965. It involves the collection and distribution of a deceased person’s assets, settling debts, and ensuring that the estate is managed according to the law and the deceased’s wishes. This article outlines the steps involved […]

Navigating Financial Growth: How Secundes Supports Your Journey

South Africa businesses face various challenges, from complex tax regulations to managing cash flow and financial reporting. Many business leaders seek guidance that not only addresses these issues but also empowers them to thrive in a changing environment. Secundes is here to help. As financial and accounting advisors, we understand that each business has unique […]

To Claim or Not to Claim VAT, That Is…

Some vehicles you cannot claim VAT on, some you can—and knowing the difference can save you a lot of money. When can you claim input VAT on a vehicle? Most businesses that are registered for VAT will be aware that you generally cannot claim input VAT on the purchase of a ‘motor car’ as defined […]

Draft a Legally Binding Will with Professional Guidance

Having a will is an important step in ensuring your assets are distributed according to your wishes after you’re gone. Despite its importance, many people put off writing a will, often due to the misconception that it’s only necessary for those with significant wealth. In reality, a will is essential for anyone who wants to […]

The Omission of a Single Word Can Lead to a Will Being Contested

The contents of an “inelegant and very badly drafted” will were recently the subject of a dispute in the South Gauteng High Court, in the matter Strauss vs Strauss and Others. The plaintiff instituted action claiming that the joint will of his parents not only made provision for the situation where they died within 30 […]

Partner with a tax expert: Save money, get expertise, relax

Managing taxes can be complex, especially when tax rules are constantly updated. At Secundes, we simplify the process and help you save money, get expert guidance, and enjoy peace of mind. Are you struggling with the following challenges? Complex Tax Laws: South Africa’s regulations are intricate and frequently updated. Keeping Up to Date: Tax laws […]

Travel claims, but no allowance?

For commission-earners and the self-employed, the rules are slightly different but travel costs can be claimed. The mistake that I make when writing articles about travel allowances is that I tend to forget that not all of us are ‘wage slaves’.  Indeed, there are many taxpayers for whom the saying, “If a man will not […]

What to do if you owe SARS money

Owing money to the South African Revenue Service (SARS) can be stressful, but don’t panic. By understanding your options and taking prompt action, you can resolve the issue and minimise the impact. This guide will equip you with the knowledge you need to navigate a tax debt situation. The importance of addressing tax debt Take […]

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