Category: Tax Court Rulings | insurance premiums tax court ruling Deductions
The line between what can and cannot be deducted as expenses is often a matter of contention. Such was the case between Taxpayer Boerdery and The Commissioner for the South African Revenue Service (SARS) in a recent tax court case (Case No.: IT 45979), which shed light on the deductibility of insurance premiums.
Bursaries and scholarships serve as essential financial aids for individuals pursuing education. However, it's important to understand the tax implications associated with such benefits, this article will focus on individuals without disabilities. The implications are outlined in Section 10(1)(q)(ii)(aa) and (bb), as well as in Paragraphs 1 and 2(h) of the Seventh Schedule.
What is Standard Employment ?
Standard employment, as outlined in Paragraphs 1 and 9(1) of the Fourth Schedule, is a structured framework that defines the terms of engagement between an employer and an employee, ensuring certain rights and obligations are upheld. This is a custom summary and it will display on your blog summary screen.
Category: Payroll | payroll directors remuneration
Tax Implications for Directors of Private Companies and Members of Close Corporations.
Category: Payroll | employer tax filing payroll Tax A Sured Pty Ltd – let us help you file
Employers' Responsibilities:
As per Paragraph 13(1) of the Fourth Schedule, every employer who deducts or withholds any amount by way of employees' tax during a specified ...
It has been said that “In God we trust – all others we audit” Anonymous
The mere mention of a tax audit by the South African Revenue Service (SARS) often evokes anxiety and ...
Tax A Sured (Pty) Ltd is a small firm who offers bespoke services and our approach to commitment towards our clients' overall satisfaction sets us apart from the rest.