Dear tax professional
The new tax changes are here. Enforced by SARS, these regulations came into effect on 1 March and, according to experts, are an important structural change in tax legislation. And these changes are causing uncertainty and stress.
The most important changes concern:
Changes to Capital Gains Tax;
Valuation of company cars for fringe benefit tax;
Provisional tax changes;
Medical tax rate increase;
Employer provided residential accommodation.
Ignorance of the law, especially when it comes to taxes you owe SARS, can be fatal to your business!
The Practical Tax Loose Leaf service has solutions to all of the new regulations in the Tax Acts!
The Practical Tax Loose Leaf contains everything you need to know about tax
Your rights when you’re audited
How long it takes SARS to issue another assessment
Capital Gains Tax
How to calculate your CGT liability, in 5 easy steps
How CGT affects small businesses
How CGT affects provisional taxpayers
Businesses: Allowances and Deductions
The difference between allowances and deductions
The golden rule for deducting expenses
Nine requirements to qualify for a deduction
Are you at risk? 14 typical cases that call for a capital reconciliation
How does SARS perform capital reconciliation? Here is their 9-step procedure
The formula SARS uses to perform a capital reconciliation
Company Cars and Travel Allowances
How to tax your employee’s private use of the company car
How to shrink the car’s fringe benefit tax to 3.25% if you bought it on a maintenance plan
Use depreciation to shrink the employee’s tax bill
The most effective way to save on tax
How to depreciate assets under R7 000
How to qualify for a deduction
Directors of Companies and Members of CCs
Directors/members’ remuneration is now subject to PAYE
How a director/member’s remuneration will be affected and taxed
Two other tax obligations and duties you should consider
How much donations tax you will pay
Consequences of making more than one donation
19 Allowable donations exempt from tax to reduce your tax bill
Deductions: Section 23(m)
Salary earners can claim these 13 deductions
Checklist: When you CAN claim a home office deduction
Tax-free reimbursement of your business expenses
How to pay a dividend
When you become liable to pay dividends tax
Who’s exempt from DT
How to avoid a SARS audit of your dividends
3 Legal tax obligations your employment contracts must meet
SARS gives you the thumbs-up on these 3 clauses
Avoid a 10% penalty by taking control of your taxable fringe benefits
12 taxable fringe benefits you need to know about
When R1 difference on the purchase price of your car will increase your tax saving
The different types of allowances
IRP5s, IT3(a) and ITREG
Three types of employee tax certificates and when to use them
5 situations when you must issue an employees’ tax certificate
Make sure you include this mandatory info so SARS doesn’t reject your tax certificate
Income: Gross Income
Formula for calculating your normal tax
Checklist: determine whether an amount falls within your gross income
Income: Exempt Income
When you can exclude exempt income
24 Absolute exemptions you can take advantage of
How to declare your exempt income to SARS
How the medical tax credits affect you
How to calculate the medical tax credit in four easy steps
What happens if you pay for your employee’s medical expenses
What to include in your provisional tax calculation
Eight easy steps to calculate provisional tax
Avoid these three penalties from SARS
15 Records you must keep to avoid penalties
3 Ways to legally keep your records
How to hang on to your ‘get out of jail free’ card
SMMEs and Small Business Corporations
SBCs have more tax benefits than SMMEs
Your SBC qualifies for tax investment incentives
What the benefits are of being an SMME
Skills Development Levies
One way out of paying SDL
Three employers exempt from SDL
How to calculate your SDL contributions
4 Types of SARS audits
What documentation SARS will request in an audit
6 Things to remember when it comes to a SARS audit
Use the experience our experts have with the tax Acts and discover how to legally pay less tax to SARS. You’ll discover exactly what taxes you have to pay and how much is due, not one cent more! Use our experts’ advice and you’ll be guaranteed to have more money in your pocket.
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In this booklet you’ll find:
What do other’s who’ve bought the Practical Tax Loose Leaf Service have to say?
Learn to work professionally!A talented team of experts, each excelling in a particular field - Corporate tax, tax audits, tax law will show you how to legally pay less money to SARS.
Including an annual updating service, the tax handbook, the special report: Tax on SARS and Win!, access to the 24/7 expert Tax advice helpdesk, five bonus tax saving reports and the daily Tax Bulletin newsletter.
On 1 March every year the Tax laws change. And you need to make sure you implement the changes correctly, so you don’t make mistakes and cost your company money.
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Over 500 pages of definitions, legal regulations and useful advice that will help you slip through the legislative jungle of taxes.
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5 Tax deductions to save you over R110 000 in your company today! (valued at R99)
How to save R80 660 in Company Car Taxes (valued at R99)
30 Quick Tax Solutions for Busy Taxpayers (valued at R99)
Just released: 62 SARS IRP5 codes you need to complete IRP5 and IT3(a) certificates correctly (valued at R99)
The Capital Reconciliation Report: Your guide to avoid SARS’ traps when it does a Capital Reconciliation (valued at R99)
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|The 500 page Practical Tax handbook||(valued at R695)|
|Service #1: Annual updating service||(valued at R2 000)|
|Report #2: Take on SARS and Win||(valued at R199)|
|Service #3: Free expert advice to solve your tax problems||(valued at R1 000)|
|Service #4: Daily tax, Vat and accounting solutions straight to your inbox||(valued at R450)|
|Bonus Gift: 1 Tax deductions that will save you over R110 000||(valued at R99)|
|Bonus Gift 2: How to save R80 660 in company car taxes||(valued at R99)|
|Bonus Gift 3: 30 Quick tax solutions for busy taxpayers||(valued at R99)|
|Bonus Gift 4: 62 SARS IRP5 codes||(valued at R99)|
|Bonus Gift 5: The capital reconciliation report||(valued at R99)|