Working from home – can you claim?

Business owners, sole proprietors, independent contractors and commission-based earners (if more than 50% of your annual income is commission-based) who are working from home have various tax deductions at their disposal. Salaried employees, on the other hand, regardless of working from home, are limited in their options to claim deductions for expenses incurred. However, all…

Changes to the 2020 Tax Season

It’s life, Jim, but not as we know it In response to the economic and fiscal challenges Covid-19 has presented, SARS has introduced a 4- phase tax filing process. This seamless filing season started on 15 April and continues through August 2020. The new phased system is intended to encourage a more digital, streamlined system…

Lockdown Relief for SMME’s – A Quick Guide

President Cyril Ramaphosa has announced a 21 day lock-down period with rigorous restrictions on travel and movement. To assist businesses during this difficult time, the Government has launched a series of relief measures, especially aimed at assisting SMMEs to mitigate the impact of the economic shutdown caused by the coronavirus. We’ve compiled this summary of…