On 1 March, The Minister of Finance changed the tax rates

Every South African tax law explained by our experts!

Fully updated for the 2016/17 tax year


The Practical Tax Loose Leaf

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

Audit Rights

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

Capital Reconciliation
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

Depreciation
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

Donations Tax
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

Dividends Tax
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

Employment Contracts
3 Legal tax obligations your employment contracts must meet
 SARS gives you the thumbs-up on these 3 clauses

Fringe Benefits
Avoid a 10% penalty by taking control of your taxable fringe benefits
12 taxable fringe benefits you need to know about

Individuals Allowances
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

Medical Benefits
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

Provisional Tax
What to include in your provisional tax calculation
Eight easy steps to calculate provisional tax
Avoid these three penalties from SARS

Record Keeping
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

Tax Audits
4 Types of SARS audits
What documentation SARS will request in an audit
6 Things to remember when it comes to a SARS audit

Tax
The two kinds of taxes you pay
Normal tax (income tax) defined – it’s not as simple as you might think

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.

In the Practical Tax Loose Leaf Service, there are dozens of sample documents, checklists, tips, step-by-step instructions on how to complete SARS’ forms, practical examples and warnings about tax deadlines, now at your disposal. And they’re complete, customisable and ready to print!
 

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specialised expert tax solutions

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Stop fuelling SARS’ bank account by paying penalties! How? Apply the secret techniques our tax experts have shared with us. Imagine beating SARS with its own weapons! Unbelievable but true! Check for yourself!

Have you misinterpreted the Tax Acts? Is legislation unclear?
The Practical Tax Loose Leaf Service brings order to the chaos of the tax Acts.  

Stop wasting time... Find out today if you’re applying the latest tax legislation correctly.
There’s no down time! You’ll now have the latest changes and practical advice on all the tax Acts.

... How long does it take you to understand and correctly apply the new tax rules?
Save 90% of your time studying the changes in the tax Acts. You’ll now have clear, concise interpretation of the tax Acts. No figures of speech or unnecessary digressions! Just open the chapter you’re interested in!

Do the tax Acts seem unclear, incomplete, uninterpretable?
Our team of tax experts are here just for you. The tax laws are ambiguous and all the tips and secrets can only be interpreted by the experts. You’ll learn how to apply tax Acts to work in your favour.
We’ll even give you the correct interpretation of the recent legislative changes in the tax Acts!
 

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All your tax problems will be history with the Practical Tax Loose Leaf Service

This service offers you hundreds of ways to solve the tax problems preventing you from reaching your goals. A team of tax specialists with practical and theoretical experience are permanently at your disposal to answer any of your tax problems. The Practical Tax Loose Leaf Service gives you all the information you need to conduct your business.

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Fill out the order form now and see for yourself how useful The Practical Tax Loose Leaf Service is! We even offer a 30-day money back guarantee. If during these 30 days, you’ve used the information, examples, case study recommendations and you’re not completely satisfied, you can return The Practical Tax Loose Leaf Service in its original packaging to us. You’ll get a full refund, no questions asked.

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Four reasons to subscribe to The Practical Tax Loose Leaf Service 


Practical Tax Loose Leaf ServiceThe Practical Tax Loose Leaf Service represents 11 years of tradition, prestige and value!

The Practical Tax Loose Leaf Service first published in May 2003!
Last updated: August 2016!

It contains important news about the implications of the tax Acts, both old and new!

Over 500 pages of definitions and legal regulations, useful advice, exceptions to the rules that help you slip through the legislative jungle of taxes.

167 Case studies and practical examples that show you what elements you should consider for your taxes to be perfect;

83 Red flags you need to watch out for and the penalties you’ll face if you don’t respect them;

Six sample templates at your disposal, ready to be filled in, customised and printed. The Practical Tax Loose Leaf Service is a full service tax consultancy you can use every day!

Membership to the Practical Tax Loose Leaf offers you the following benefits:

#1 A handbook with over 500 pages of all the information relating to the Tax Acts [click here to view the full contents of the Practical Tax Loose Leaf Service]

#2 An update service for 12 months – this service lets you get updated information and eliminates the stress of uncertainty when you apply the tax Acts. You’ll get updates every six to eight weeks.

#3 Free expert advice that’s customised for all your tax problems! You have access to a personalised Tax Helpdesk service where a team of tax experts are available 24/7 to answer your specific questions.

#4 Your valuable daily Tax alerter service, the “Tax Bulletin” is sent directly to your inbox.

#5 FREE gift: When you order Practical Tax Loose Leaf Service, you will receive "Take on SARS and Win!"

In this booklet you’ll find: 


What do other’s who’ve bought the Practical Tax Loose Leaf Service have to say?


“It contains information that is readily available – it’s almost like having a tax consultant on-site!”
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“Best investment I ever made. Informative, up to date, good guidelines”
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“I am a new subscriber and this is my “bible”. I work with it every day.”
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“Fantastic. Well worth keeping on your desk if you deal with any aspects of business taxes.”
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“It is essential to any business, and the bonus is it is written in a way that is easy to understand and relates to your businesses day to day tasks.”
 AJ Laws
 

Click here to benefit from our
specialised expert tax solutions

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.

The Practical Tax Loose Leaf Service will show you:
With the Practical Tax Loose Leaf Service, you’ll discover:
With the Practical Tax Loose Leaf Service, you’ll learn:
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Including 10 legal tax updates, 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.
To save on taxes and penalties, I'll rush you the Practical Tax Loose Leaf Subscription Service. It includes:

Over 500 pages of definitions, legal regulations and useful advice that will help you slip through the legislative jungle of taxes.

167 Case studies and practical examples that show you what elements to consider for you taxes to be perfect;

83 Red flags you need to watch out for and the penalties you'll ll face if you don’t respect them;

Six sample templates at your disposal, ready to be filled in, customised and printed.
 
The Practical Tax Loose Leaf Subscription Service is a full service tax consultancy you'll use every day!
 

And that’s just the start
 
Get 5 Bonus Gifts and Services
(Worth R3 650 – Yours Absolutely free)

 
You'll also receive FOUR Bonus Gifts and Services to save you money and make your job even easier.
 
These include:
 
Bonus Service #1: 10 Tax legal updatestax updates
Tax changes are gazetted throughout the year. The updating subscription guarantees that your handbook is always 100% up-to-date. You'll simply remove the outdated pages and replace them with the new ones. It’s always up-to-date and accurate! (valued at R2 000)

Bonus Report #2: Take on SARS and Win
You'll find out how to save thousands of rands and precious time with this alternative dispute resolution method.Take on SARS and Win!
And you'll be shown what to do if your objection is disallowed. (valued at R199)
 
Bonus Service #3: Free expert advice to solve your tax problems
You'll have access to a personalised Tax Helpdesk service where a team of tax experts are available 24/7 to answer your specific questions. Simply log onto the www.accountingandtaxclub.co.za and ask your specific tax question using the “Tax Helpdesk” button. And Voila! one of the experts will assist you with a personalised answer. (valued at R1 000)
 
Bonus Service #4: Daily tax, Vat and accounting solutions straight to your inbox
Every day you'll get the Tax Bulletin email newsletter. It’s packed with useful tips, reminders and tax saving advice to solve your daily tax problems.(valued at R450)
 

 Practical tax loose leaf full package

 
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Get 5 Additional Bonus Gifts
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To welcome you as the newest subscriber, You'll get instant tax savings, with these FREE five bonus reports:

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)

5 free reports

A Total Value of R4 800
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Despite the fact that the Practical Tax Loose Leaf Service is developed by tax experts and will save you thousands in taxes and penalties, you don’t have to pay a high-end price.

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Today, you can secure your full subscription for as little as R1 795 excl Vat - a R3 000 saving.

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EVERYTHING is 100% Satisfaction Guaranteed


If at any time during the next 30 days, for any reason whatsoever, you decide the Practical Tax Loose Leaf service isn’t for you, simply call or email us and return the Practical Tax Loose Leaf in its original condition to us.

You'll be refunded every cent of the subscription price.30 day money back guarantee

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No pressure – no gimmicks – no strings attached.
 
Important notice: Your subscription to the Practical Tax Loose leaf service comes with a convenient automatic renewal. This means no chance of interrupted service. Ninety days before the end of your subscription, Fleet Street Publications will notify you that your subscriptions are ending and will advise you of the terms and renewal rates then in effect. Unless you cancel, your subscriptions will renew automatically and we will send you an invoice for payment. If you want to cancel, just respond to the notice within 30 days, and we won’t renew you. You can also contact our Customer Care department on 0861 114 365.
 

A Total Value of R4 800!
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The 500 page Practical Tax handbook (valued at R695)
Service #1: 12-month legal update subscription (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)
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Bonus Gift 5: The capital reconciliation report (valued at R99)
 
 
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