An amendment to the SA Income Tax Act becomes effective in March 2020, and has hard-hitting consequences for South Africans working outside SA. It requires that SA tax residents spending more than 183 days abroad (of which 60 days are consecutive) pay SA tax of up to 45% of their foreign employment income once it exceeds R1m per annum.
Questions to consider when running your own business.
Suretyship Protection/ Contingent Liability
•Are you standing surety for loan/debt affected by the business?
•Are you aware of the impact if the loan/debt cannot be repaid?
Loan Account Protection
•Do you have a loan account?
Is the business able to repay the loan account on your death or disability?
One of the key benefits of investing for retirement using a retirement fund is the generous tax deduction for contributions, subject to a maximum of 27.5% of the greater of your taxable income or remuneration, with an annual ceiling of R350 000.
The national minimum wage (NMW) came into effect on 1 January 2019. What exactly does this mean for employers and employees? The new minimum wage of R20 per hour applies across all sectors, with a few exceptions.
As the leading cause of death globally, cancer holds more than just physical and emotional implications – it can also have a devastating impact on your finances.
Statistically, one in four South Africans will be diagnosed with cancer or have someone close to them diagnosed. The financial burden of dealing with a dread disease like cancer can be massive – the out-of-pocket medical costs, as well as unforeseen non-medical expenses like in-home carers and additional childcare.
Get ready to move your body at the Discovery 947 Rhythm Run. Whether you are an avid runner, a social runner or a haven’t-run-yet runner, it’s time to start planning for the greatest fitness event of the year that will make you sweat, both on the track and on the dance floor. After your run around the track, the race ends with an exciting after-party where you can let loose to the rhythm of Jozi with 947 DJs and personalities.