Deduction of Home Office Expenses

Suppose an employee works from home and has set aside a room to be occupied for the “trade”, e.g. employment. In that case, they may be allowed to deduct certain home office expenses for tax purposes calculated on a pro-rata basis – provided that they meet the requirements as set out in the Income Tax […]

When and Why you will need a Business Valuation

Are you looking for investors to jump on board to propel your business in a new direction or maybe want to sell it to take on a new adventure? Perhaps you are busy with succession planning for your business due to possible retirement or planning for estate duty purposes for your estate. Or are you […]

Ensuring Liquidity in an Estate

Ensuring Liquidity in an estate and the importance thereof A company needs sufficient liquidity to sustain its operations. A person needs sufficient liquidity to sustain a household. An estate needs sufficient liquidity to ensure the proper finalization of the estate and peace of mind to the deceased and those left behind upon his / her […]

Marriage and Tax

Marriage and Tax: Why choosing how you get married is as important as choosing your wedding ring. Once the “big” question has been asked and met with a resounding “Yes!” the planning for your dream wedding commences. A big part of the planning focuses on the budget for the wedding and how it should / […]

Deceased Estates and the various tax implications applicable on death

South African tax residents are certain of four things in life: taxes, loadshedding, death and more taxes. Taxes, like death, is unavoidable. It is of utmost importance that one understands the various taxes applicable to a deceased estate (and to a person passing away) to ensure proper planning and consideration is given to each, thereby […]