Tax Bulletin Archive May 2010

SARS is now scraping the bottom of the barrel…

Shockingly, a recent announcement by a SARS spokesperson revealed that employers MUST tax the “free” T-shirt as a fringe benefit. As if that wasn’t enough, SARS is also going to crack down on employers who provide their employees with shirts, but at a cost lower than the actual retail price.

Read More
If you’re using this form after 1 July, you’ll be paying penalties

There’s been a lot of talk about the new EMP201 forms, and much confusion about when SARS is going to be getting rid of them altogether. Here’s what SARS had to say about it...

Read More
Will the taxman let you off the hook?

It’s no wonder that taxpayers who make the occasional (and sometimes quite innocent) mistake, feel the need to sweep it under the carpet for fear of the repercussions. Tax penalties are financially crippling, and could destroy your business... but the penalties for not being honest are just as bad.

Read More
Yes — SARS IS going to pick up your doctor’s bills

We told you some time ago that SARS was updating its definition of “disability’, and has expanded the list of medical expenses that qualify for tax deductions.  At last, SARS has released the list of qualifying expenses!

Read More
Get inside the SARS auditor’s head, before he comes knocking at your door

Hundreds of businesses are audited by SARS each year, and too many suffer tax penalties because they don’t have this kind of insight, from day one. But you don’t have to be one of the statistics!

Read More

All Content. Copyright © 2012. Fleet Street Publications Pty (Ltd)

Footer Menu

Disclaimer: All material on this site is provided for information only and may not be construed as medical or financial advice or instruction. The information and opinions provided on this site are believed to be accurate and sound, based on the best judgment available to the authors, but readers who fail to consult with appropriate authorities assume the risk of any injuries or losses. The publisher is not responsible for errors or omissions.