Monthly Archives: July 2015

ADMINISTERING OF AN ESTATE

The administering of a deceased estate is regulated by the Administration of Estates Act No 66 of 1965 (as amended) and divided according to a valid will or the Intestate Succession Act No 81 of 1987 (as amended) or a … Continue reading

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PROVISIONAL TAX FOR INDIVIDUALS: DID YOU KNOW?

Provisional tax is not a separate type of tax  but pre-payments on income tax for a specific tax year.  The aim of provisional tax payments is to help taxpayers to fulfil their tax responsibilities by spreading tax payments over a … Continue reading

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WHY SARS REQUESTS SUPPORTING DOCUMENTS

Most taxpayers know that sinking feeling when SARS requests supporting documents from them. Which supporting documents must I submit? Am I being audited? Did I make a mistake on my income tax return? Will SARS send me to jail? Why … Continue reading

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FINANCIAL RATIOS: WHAT DO THEY MEAN? (Part 1)

The purpose of calculating ratios is to get a bird’s eyeview of the financial situation of a business by analysing the relationships between different amounts on the financial statements. The major advantages of using ratio analysis is that it simplifies … Continue reading

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