Car Allowances Are Not Tax-Efficient
As the adage says, “In this world, nothing is certain except death and taxes!” However, with careful tax planning, individuals...
As the adage says, “In this world, nothing is certain except death and taxes!” However, with careful tax planning, individuals...
At times, taxpayers may find themselves drowning in onerous tax bills that may be heavy on the cashflow of a...
In some instances, businesses which endeavour to comply with tax laws may struggle to understand the requirements of tax registration....
Generally, if clients fail to conclude business deals, a non-refundable deposit becomes handy to hedge against financial loss, as well...
There are various reasons that may trigger businesses to prepare their financial statements for a period not restricted to the...
Interest on late payment of tax is basically a form of a penalty that seeks to compel taxpayers to pay...
Effective 23 May 2015, the VAT Act (Act) was amended to increase the sales threshold of VAT registration to P1...
The taxman is empowered by tax laws to charge penalties for a number of reasons. We will focus on instances...
One sad reality about tax interest is that it can exceed the principal debt and make a taxpayer insolvent. Over...
Capital costs are rarely used to reduce taxable profits as they are incurred towards assets or Balance Sheet items. However,...