Monthly Archives: January 2019

7 MONEY-SAVING TIPS FOR 2019

The New Year represents the perfect opportunity to whip your finances back into shape, beginning by implementing these seven simple money-saving tips from Citadel Advisory Partner Daryl Coker. Set your financial goals As humans it’s common to want to wipe … Continue reading

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PURPOSE FIRST, PROFIT LATER

South African business headlines were dominated by corporate disgrace in 2018 – the continued fallout from the Steinhoff scandal, the listeriosis outbreak, the Momentum life insurance controversy, and the state capture allegations tainting the reputations of several leading management consulting … Continue reading

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RING-FENCING OF ASSESSED LOSSES OF CERTAIN TRADES – PART I

Persons are generally allowed to set off any losses incurred in respect of one trade against the income derived from another trade, thereby reducing their overall tax liability. However, section 20A of the Income Tax Act[1]ring-fences losses incurred by natural … Continue reading

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ADMIN PENALTIES FOR OUTSTANDING CORPORATE INCOME TAX RETURNS

In general, all registered companies must submit corporate income tax (“CIT”) returns within 12 months of the end of the company’s financial year-end. This is applicable to all companies that are resident in South Africa, that receive source income in … Continue reading

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