Shingler And Associates

So you have registered your PTY with CIPC, what are your tax implications? Well unless you qualify as an SBC you will be taxed at a flat rate of 28% (which is quite high). A lot of new business owners are convinced that because they do not "make enough", they do not...

So you are a sole prop and essential service provider, but you have NO idea how to go about trading? After speaking to someone from the DTI this morning I have the steps needed for you to be able to trade.  The first thing is you need to establish if you are an...

Tax Season starts next month (1st July 2019), and I know that some are excited and some are just petrified. Most of the time, the fear comes from uncertainty or the fact that they have not lodged their returns and rather choose to take the ostrich approach...  "Do I...

HOW DOES YOUR MARRIAGE CONTRACT AFFECT YOUR TAX RETURN? ICOP – In Community of Property Interest – Jointly held bank account Spouse A: 50% of Interest Spouse B: 50% of Interest   Foreign Dividend paid to spouse A Spouse A: 50% of Dividend Income Spouse B: 50% of...

  So lately I have come across a lot of employers who are asking for employees tax numbers before they are considered for a position. This issue has actually been addressed with SARS and they have stated the following " While SARS will readily assist persons who...

Today's Topic is Provisional Tax I will explain what it is how it works and when its due Provisional tax is broken down into 2 returns (there is a 3rd option that is also available).   What SARS asks is that we guesstimate what our taxable income will be by the time...