Looks Right, But Isn’t? Why SARS Auto Assessments Go Wrong
During auto-assessment periods, taxpayers who receive a SARS auto-assessment can submit a corrected return if something is inaccurate or missing. This happens more often than one may think; therefore, it is by no means that one can assume that the return is complete. One of the most commonly overlooked corrections involves a contribution to a […]
Every Contract Has a Tax Consequence
When drafting a contract, ignoring tax will often be to your peril. Every single contract in terms of which money or property changes hands has tax consequences for the parties involved. These consequences have been plainly evident in cases where people bought their fixed property in a Close Corporation or private company, thinking that because […]