From freelance work after hours and selling products online to driving for an app, renting out a room or earning money from social media, side hustles have become a useful way to bring in some extra income.
But there’s one extra partner you may not have factored into your venture: SARS.
Making money on the side? Don’t sideline the tax Read More »
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 »
