BUDGET 2015 - HERE'S WHAT YOU NEED TO KNOW...

“Today’s budget is constrained by the need to consolidate our public finances, in the context of slower growth and rising debt.” said Minister of Finance, Nhlanhla Nene.

Giving the budget speech was a far from enviable job in light of the huge government spending deficit that needs to be recovered. The speech was a short 26 pages long, but what every person on the street wants to know is: How will this affect me?

6 TIPS FOR TAX FILING

When it comes to listing our fears, many people might cite spiders, thunderstorms and clowns as their top three. But for many of us we have to deal with SARS more frequently than clowns, however ironic that may sound, and dealing with SARS can be quite a scary thought! During the next tax season, which started at the beginning of this month, The South African Revenue Service intends on collecting nearly R1trn.

Dealing with SARS does not have to be a stressful, fear-filled exercise. In fact, over 50 000 taxpayers filed their tax returns within the first few hours of July 1 and received their refunds within a day of submitting via eFiling.

#BUDGET2014 – THE SKINNY

Last week Pravin Gordhan, Finance Minister to President Jacob Zuma, delivered his final budget speech for the current administration.  Financial gurus, economists, financial planners and all those money-astute, sat rapt and listened with educated ears to the updated blueprints for South Africa’s future.

This blog is not written with them in mind, but rather for those who know that there are some changes and simply wish to know what the bottom line is.  If you are a taxpayer, here’s the skinny on what to expect.