tax advice Archives | Page 2 of 2

Unlock tax benefits while giving back: how section 18a donations can work for you

Leave a Comment / Uncategorised / By Michael Rushby / 31 January 2025 / company tax, compliance, donations, Finance, financial year end, Tax, tax advice, Tax Season

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

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SARS issues stern warning on crypto asset reporting

Leave a Comment / Uncategorised / By Michael Rushby / 19 November 2024 / assets, audit, capital gains tax, crypto, crypto assets, galbraith rushby, liabilities, SARS, Tax, tax advice, taxpayers

The South African Revenue Service (SARS) has issued a strong warning to all taxpayers holding digital currencies, underscoring that failing to declare crypto assets on tax returns will not be tolerated.

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Thinking of saying goodbye to South African tax residency? Here’s what you need to know.

Leave a Comment / Uncategorised / By Jeneen Galbraith / 19 November 2024 / abroad, compliance, exit tax, expats, Finance, GalbraithRushby, retirement funds, SARS, Tax, tax advice, tax residency

If you’re planning to officially cease your tax residency in South Africa, there are several key steps and requirements you’ll need to navigate. As more South Africans take their financial plans abroad, understanding SARS’s recent updates on tax residency is essential.

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