JHB 010 007 3026 CPT 021 421 4444 DUR 031 007 0881

Tax Calculator – Income Tax Tables 2019

March 18, 2019

Tax tables 2019

All income tax calculators are based on the tax tables from SARS for the specific period of taxation and this is what is used to work out your tax liability, that is the amount of money you need to pay to SARS. The formula to calculate your base tax liability is simple: Base Tax Liability […]

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Tax season – income tax returns

June 29, 2016

Must I submit an income tax return? Tax season is upon us and it is your responsibility to determine if you need to submit an income tax return to SARS in the form of an ITR12. In this article we will cover a range of points that will confirm your eligibility to submit an income […]

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The Value of Financial Accounting Statements

May 31, 2016

It is always surprising when a business fails to keep accurate financial statements. I see a failure to prepare financial statements in a considerable number of businesses, especially smaller ones. As financial statements provide such valuable insight into your business, I thought it would be a useful exercise to recap on some of the benefits […]

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SA Accounting Firm

April 28, 2016

Dirmeik Consulting has recently extended its services across South Africa. Our unique approach to the practice of accounting sets us apart from our competition. This approach is based on trust and wisdom; on quality service and operational clarity and on the drive to support our growing base of clients across South Africa. We currently assist […]

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Tax Brackets – Income Tax Tables 2016

March 16, 2016

With many people holding their breath for February’s Budget, it came as a relief when the South African Finance Minister revealed almost no increases to personal taxation rates and even a decrease for lower and middle-income brackets. Corporate tax also remained the same at a rate of 28%. Calculate Income Tax To calculate the tax […]

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Budget 2016 highlights – South Africa

February 26, 2016

Budget 2016 - South Africa

South African finance minister Pravin Gordhan delivered the 2016 Budget on Wednesday afternoon. It was never pegged as being an easy task given the tough economic times the country is experiencing and that any wrong move could result in South Africa receiving a “junk status” rating. He did however manage to avoid an austerity budget, […]

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Expatriate Tax Services

January 28, 2016

Expatriate services

We receive more and more requests each day from Expats requiring assistance with their tax, both from South African’s living abroad and foreign nationals. While we have covered Expatriate tax in two previous blog articles – Expat Tax Services and Expatriate tax in South Africa – I thought it may be valuable to list some […]

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Rethinking business expenses over the holidays

December 22, 2015

Business expenses

As a business owner, you work hard all year to ensure the success of your business. You recognise that every cent counts and saving money anywhere directly affects your bottom line. Whether you are lucky enough to be taking time off over the holiday season or if the holidays signal the start of your busy […]

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Inheritance Tax

November 30, 2015

Inheritance Tax

If you are eligible for an inheritance or are making provisions to pass on your wealth after your death, this article may help in answering some of the questions you may have about inheritance and tax. Section 1 will briefly look at some considerations from a tax perspective when planning to provide an inheritance and […]

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Tax Compliance

September 30, 2015

Tax compliance

In the past, complying to tax laws has often been at the will of the tax advisor or the taxpayer. It has been a moral decision as to whether income is honestly declared or not. The problem with this is that so much is rooted in the attitude towards compliance. Often high tax rates are […]

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