Tax Filing Season 2021 Opened 1 July: Start Preparing!
The secret to getting ahead is getting started Mark Twain To avoid the last-minute rush, the risk of errors and omissions, and the cost of late submissions, penalties, and audits, there is no better time to get ahead on your company and individual tax returns than the day the 2021 tax season opens. What applies […]
Budget 2021: Your Tax Tables & Tax Calculator
How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator below to find out. Have a look at the tax tables below for the new Individual and Special Trust income tax brackets, and for a convenient reminder of the various other taxes that remain unchanged –
Budget 2021: What It Means to You
“Hope is being able to see that there is light despite all of the darkness.” Archbishop Emeritus Desmond Tutu It was with a sense of trepidation that South Africans awaited the 2021 Budget Speech by Finance Minister Tito Mboweni. Still confronted with all the challenges that existed before COVID-19 – massive debt, lackluster growth, unemployment, […]
Covid-19: What You Need To Know
PAYE, Tax, UIF and Relief Funds SARS In General Deadlines still apply for any returns that are due e.g. EMP201, VAT201, IT14SD etc. But deadlines for objections do not include the lockdown period. If a client cannot pay an existing SARS debt they need to go through the normal channels to enter a payment plan. […]
Tax Advice For Beginners
Taxpayers often receive important-looking documents from various sources and wonder whether to keep them or not, and whether they are required for submitting annual tax returns. The IRP5 is the most important of those documents for salaried employees, as it details all your earnings and the tax already paid on it by your employer for […]