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 […]
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 […]
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 […]
Compensation for Losses: Which ‘Hole’ is Filled?
Many taxpayers assume that compensation for losses is of a capital nature. It depends… There are no hard and fast rules for determining whether a particular gain is of a capital or a revenue nature. Each case needs to be decided on its own facts. The distinction is important because of the lower effective rate […]
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), […]
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 […]
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 […]
PAYE and non-residents
Employment income is generally taxed where the services are physically exercised. The place of contract conclusion, where the employer is based and where the remuneration is paid is irrelevant in determining the taxation of employment income. This principle is supported by South African legislation and case law. Income earned from South African employers for services […]