Closing a dormant company in South Africa is a relatively straightforward process but it is important to follow the correct steps to ensure that the company is properly dissolved and that all [...]
The recent implementation by SARS of late-submission penalties applies to all registered companies, whether actively trading or dormant. Neill Hobbs, tax specialist and CEO of Hobbs Sinclair [...]
2023 2nd Provisional Tax Return is due on 28 February 2023 28 February marks SARS’ due date for the second Provisional Taxpayers’ 2023 tax return for the tax year 1 March 2022 to 28 [...]
Provisional Tax Provisional taxpayers are required to make two compulsory tax payments during the year of assessment (for example – 1 March 2022 to 28 February 2023). The first is payable [...]
Taxpayers are feeling the effects of a radically hardened attitude by SARS towards taxpayer responsibilities. This, according to Neill Hobbs, CEO of specialist tax advisory firm Hobbs Sinclair, [...]
SARS has issued a notice stating that from 1 December 2022 admin penalties will be charged for late submission of income tax returns which are outstanding from 2007 to 2020. For Individual Tax [...]
With tax season in full swing, individuals are encouraged to submit their tax returns before the October deadline. What is important is to make sure that you are compliant and know your status, [...]
Estate planning is a necessary means of ensuring that your loved ones are taken care of following your death. Trusts can work together with a Last Will and Testament to ensure that your assets [...]
Your will, often a very emotional document to prepare, is your roadmap specifically showing how you want your estate to be distributed after you die. It is not surprising that many people try [...]
Specialist alternative investment fund management company, Anuva Investments has recently confirmed that the South African Revenue Services will recoup any funds invested via the Section 12J tax [...]