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Categories
Monthly Archives: May 2017
INTEREST FREE LOANS TO DIRECTORS
It is very often the case that a company extends an interest free or low interest loan to a director. This manifests either as a true incentive or benefit to that director (mostly the case in larger corporate environments) or … Continue reading
Posted in Finance
Tagged Director, Interest Free, Loans
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HOW (NOT) TO DRAFT A WILL
JOHANNESBURG – It might be easy to argue that a will is an unnecessary document, especially if it won’t make any difference to the distribution of the assets in the estate. But beware. The argument is flawed for two reasons. … Continue reading
BEWARE OF CAPITAL GAINS TAX WHEN YOU EMIGRATE
While many people immigrate to South Africa, we also see many of our clients emigrating from South Africa. And while formal migration-status is not necessarily linked to tax residency, the time of tax migration often coincides with formal emigration linked … Continue reading
FIVE INPUT TAX CLAIMS YOU’RE NOT ALLOWED TO MAKE
Input tax is the VAT you pay your suppliers in the course of your business as well as VAT paid on goods you import. SARS allows you to claim the input tax for your relevant tax period when you complete … Continue reading