July 2024 | Galbraith Rushby

SARS leverages AI enhancements for the 2024 tax filing season

Leave a Comment / Tax Season / By Galbraith Rushby / 30 July 2024 / AI, Finance, GalbraithRushby, SARS, Solutions, Tax Season

The 2024 tax filing season is upon us, and the South African Revenue Service (SARS) is leveraging advanced AI technologies to streamline the tax filing process. These advancements aim to enhance effectiveness, precision, and the overall user experience for taxpayers. Michael Rushby, Managing Director of tax and audit firm Galbraith Rushby, provides an overview of […]

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Splurging big while reporting small?

Leave a Comment / Tax Season / By Galbraith Rushby / 30 July 2024 / Finance, GalbraithRushby, lifestyle audits, SARS, tax evasion, Tax Season

SARS intensifies lifestyle audits to combat tax evasion Ahead of Tax Season 2024, the South African Revenue Service (SARS) has stepped up its use of lifestyle audits to identify discrepancies between individuals’ reported income and their actual lifestyle. This move aims to ensure that all taxable income is accurately declared to combat tax evasion. What

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Understanding the Two-Pot Retirement System: A new era in retirement savings

Retirement Savings / By Galbraith Rushby / 30 July 2024 / Finance, GalbraithRushby, Two-Pot Restirement System

The concept of the ‘Two-Pot Retirement System’ is transforming the retirement savings landscape in South Africa. Designed to provide greater flexibility and financial security for retirees, this system addresses the limitations of traditional pension structures and offers a balanced approach to retirement planning. Michael Rushby, Managing Director of Galbraith Rushby, a leading tax and auditing

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SARS leverages AI enhancements for the 2024 tax filing season

Splurging big while reporting small?

Understanding the Two-Pot Retirement System: A new era in retirement savings

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