Capital Gains Tax Considerations for Retiring Small Business Owners
Retirement for small business owners is not simply a case of handing in your resignation letter and having a big party at which the company presents you with a gold watch. It often involves the not inconsiderable task of selling your business—particularly if there is no ‘heir apparent’ to take over the reins. And then […]
VAT on Short-Term Lettings and Commissions
Are you acting as agent or principal—and what would be the pragmatic approach? There are very few people across the world who haven’t heard of Airbnb. Started in San Francisco in 2008, this multi-billion-dollar NASDAQ-listed company that employs around 7,000 people has revolutionised the short-term letting industry. Over four million property owners around the world […]
Achieve Financial Success with JZA: Your Partner in Outsourced Accounting
Managing a business’s finances is no walk in the park. With day-to-day operations, compliance requirements, and strategic planning all vying for your attention, it’s easy to feel overwhelmed. At JZA, we understand these challenges and are here to help you manage them through our outsourced accounting services. The Challenge of Financial Management Many business owners […]
Xero’s AI Assistant, JAX: A New Era for Small Business Accounting
Xero, a leading cloud-based accounting platform, is set to redefine small business finance with its groundbreaking AI assistant, Just Ask Xero (JAX). Unveiled at the company’s inaugural Investor Day, JAX harnesses the power of generative AI to automate complex accounting tasks, providing small business owners with unprecedented control and insight over their finances. How JAX […]
Compensation for Losses: Which ‘Hole’ is Filled?
Many taxpayers assume that compensation for losses is of a capital nature. It depends… There are no hard and fast rules for determining whether a particular gain is of a capital or a revenue nature. Each case needs to be decided on its own facts. The distinction is important because of the lower effective rate […]
Ensure Your Trust Compliance with JZA’s Expert Guidance
Stay informed and compliant with the latest updates in South African trust regulations. Recent changes, including new requirements from SARS and the Master of the High Court, emphasise the importance of accurate reporting and governance for all trusts, including dormant ones. Key Points: Beneficial Ownership Reporting: Ensure your trust is registered with SARS and submit […]
Cash Flow Management: Keep the Money Rolling In
Effectively managing your cash flow means ensuring liquidity and operational stability, even in fluctuating markets. At JZA, we understand the critical importance of cash flow management for businesses of all sizes. Our partnership approach is designed to assist you in maintaining a healthy cash flow vital for your sustainability. Why Cash Flow Matters Remember, businesses […]
The Business of Business Travel
Business travel means different things to SARS than to taxpayers. While it has been compulsory for recipients of travel allowances to substantiate their claims by means of a detailed logbook for some years, it has become ever more critical to understand exactly what SARS understands by the term ‘business travel’. The simple reason for making […]
General Principles for Tax Deductions
When can you deduct an expense? Section 11(a) contains the general principles One of the most-asked tax questions goes along the lines of “can I deduct xxx against my income?” There are two ways to answer this type of question. One is to create a never-ending list of every type of deduction one could contemplate, […]
A Dive into South Africa’s Revised Assessed Losses Regulations
Navigating the complex world of corporate finance and tax regulations can be challenging for businesses. South Africa has recently undergone significant changes in its tax landscape, including limits on assessed losses and adjustments to corporate income tax rates. To stay informed, adaptable, and compliant, companies must seek expert advice and gain a better understanding of […]