Retirement Annuities (RAs) remain one of the most effective tools for South Africans looking to save for the future while enjoying significant tax advantages. Beyond building long-term wealth, RA’s offer a range of tax benefits that can make a substantial difference in your financial planning. For companies with a February 2025 year-end, February is the final […]
Making the most of your Retirement Annuity Read More »
For companies deciding how to allocate payments to shareholders, understanding the tax implications of salary versus dividends is essential. Each option has unique advantages and tax consequences that can significantly affect both the company and the individual shareholder. This is particularly important in February 2025, the final month of the 2024-2025 payroll cycle. 1. Salary:
Salary vs Dividends: When should companies allocate payments to shareholders? Read More »
As the end of the financial year approaches for companies with a February 2025 year-end, it is crucial to plan strategically to minimise taxable profits. One effective way to achieve this is by reviewing and incurring qualifying expenses before the year closes. Proper tax planning can help reduce the company’s tax liability and ensure compliance
Tax planning for February 2025: optimising expenditure Read More »
Taxpayers looking to make a difference in their communities while optimising their tax positions can do so through donations to Section 18A (s18A) charities. These donations not only support crucial public benefit initiatives but also offer valuable tax deductions. Under Section 18A of the Income Tax Act, individuals and businesses can make tax-deductible contributions to
Unlock tax benefits while giving back: how section 18a donations can work for you Read More »
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