Tax Bulletin Archive July 2010

5 Ultimate Tax Survival Workshop highlights

I’ve been busy with the evaluation forms from the Ultimate Tax Survival Workshop 2010, which we held almost a month ago. Not only is the feedback generally great, but the Workshop made delegates more tax savvy too… I‘d like to share some of the interesting highlights with you, so you can be tax smart too!

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The company car: Time to rethink your wheels…

The onus of proof is on you, to show SARS that you have used the car for business purposes. This is why the dreaded logbook is essential. But with the use of a logbook, you can shrink your tax bill in these 4 steps.

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How much will you pay SARS this year?

Taxpayers who fail to meet their tax obligations will feel it where it hurts — in their bank accounts, thanks to the system of penalties that SARS phased in late last year. Let’s look at the penalties

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SARS is firing the gun in September

So said SARS Commissioner, Oupa Magashule this week. Repeat tax offenders have until September to pay up their taxes, otherwise, the taxman will use the dreaded IT88 form to take money out of your bank account.

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