Comments for Thrive CFO

Comment on Individual Taxpayers! Expenses you are allowed to deduct. (Part 2) by Luan van Rhyn

Luan van Rhyn — Mon, 13 Aug 2018 03:51:48 +0000

In reply to Petro. Hi Petro, They most certainly are deductible. Just keep in mind that SARS allows deductions against "taxable income" and given the fact that your salary is currently below a taxable bracket, your deductions will be ring-fenced and not allowed as a deduction in this year of assessment.

Comment on Individual Taxpayers! Expenses you are allowed to deduct. (Part 2) by Petro

Petro — Fri, 10 Aug 2018 21:22:50 +0000

I dont pay tax on my salary as i do not fall under a taxable bracket but had medical scheme as prescribed by employer and my son has a speech empairment and is diagnosed with adhd
Are these expensis tax deductable

Comment on Special Tax Breaks Available To Hotels, Guesthouses And B&B’s by Hein

Hein — Mon, 06 Aug 2018 19:21:14 +0000

Does these allowances apply where the property (propco) is held in the personal capacity of the owner and the operations (opco) are run through a company?

Comment on Special Tax Breaks Available To Hotels, Guesthouses And B&B’s by Runel

Runel — Mon, 23 Apr 2018 01:44:13 +0000

Do I qualify for the mentioned tax break. I own 2 small cottages- self catering..
Plse also advise if I would be classified as a small business. Income well under a million. My tax consultant says I fall under big business.

Comment on 8 Signs you desperately need an accountant by Luan van Rhyn

Luan van Rhyn — Wed, 29 Nov 2017 06:27:44 +0000

In reply to Rosie Beckett.

Very true Rosie. Way too often we engage with clients that tried doing it themselves due to the concerns about cost and ended up paying more to get the mess sorted out. Never take a short term approach when it comes to your business finances – it will almost always end up costing you more in the long run. 🙂

Comment on 8 Signs you desperately need an accountant by Rosie Beckett

Rosie Beckett — Sat, 09 Sep 2017 22:38:58 +0000

Another great thing about hiring an accountant is that it can take stress away from your life. That way you aren’t worrying about trying to keep all your finances in order, and you can leave it up to someone else who actually knows how to properly handle the finances. Another good benefit of hiring an accountant is that it prevents you from accidentally messing your finances up if you don’t have much experience in that field.

Comment on How To Transfer A Property Without Paying Tax by Luan van Rhyn

Luan van Rhyn — Thu, 11 May 2017 15:53:13 +0000

In reply to Juanita Alberts.

Hi Juanita,

Was you father the only member of the cc at the time of his passing? Has his estate been wound up yet? Answers to these might influence the options to your problem as well as different tax implications so it would help if you could clarify. 🙂

Comment on How To Transfer A Property Without Paying Tax by Juanita Alberts

Juanita Alberts — Thu, 11 May 2017 15:43:38 +0000

I currently am the owner of a residential house which is registered to a cc as left to.me by my father when he passed. Aforesaid cc does not generate an income and is used.for residential purposes. I want it registered to my personal name and cc unregistered. What is the process for doing this? Please advise.

Comment on Important Notes For Newly Appointed Directors by Amien

Amien — Wed, 01 Feb 2017 18:50:56 +0000

Can an appointment of a director be backdated (i.e. minutes and resolution signed in 2016, but error occurs indicating appointment in 2015 ) how does this apply to npc in particular