Tag Archives: tax deduction

BEE and job creation cannot coexist

Posted on 8 July 2011 by tony

I’ve just read a piece about the new EDF (Enterprise Development Fund) that will be rolled out under the NEF’s control. The thing is, yet again, the BEE drum is the one that’s beating the loudest. Essentially, black-owned and managed … Continue reading →

Posted in Entrepreneur, Jobs, Labour Law, Small Business/SMME | Tagged , , , | Leave a comment

SARS employees might abuse their position

Posted on 25 June 2011 by tony

COLIN WOLFSOHN: Look, their whole principle of separating and making our ordinary Tax Act simpler, without these administrative provisions, is very good, no question about it. We understand where SARS is coming from in terms of cases of genuine crooks … Continue reading →

Posted in Apartheid/Racism, Gov Office, Professional, Provisional Tax, Respect, SARS, Small Business/SMME, Tax, Tax Returns | Tagged , , | 2 Comments

Funders welcome proposed tax incentive for angel investors

Posted on 24 June 2011 by tony

However, the draft law proposes to open the incentive so that all taxpaying entities can benefit from deductions, and to remove the R750000-a-year threshold for deductions. It also proposes to lift the turnover threshold of those small businesses that can … Continue reading →

Posted in Angel investors, Entrepreneur, Small Business/SMME, Tax | Tagged , , , | Leave a comment