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cc income tax returns for the 2011 financial year must be submitted to sars on or before
we wish our clients a merry christmas and a happy new year. please note telephonic
the new companies act has now been implemented introducing quite a few changes in the registrations of companies.
Tax Season 2010 here
It’s difficult to believe that it is date time of the year again, Income tax returns can be filed as from the 1st of July 2010.C
2010 tax returns will see the last time deemed km’s can be used to deduct travelling expenses against your travel allowance. From 1 March 2010 a logbook must be kept to be able to claim travel expenses against a travel allowance.
Company car owners might not be aware that if a logbook was kept to prove that private km’s were less than 10 000 km’s for the financial they can qualify for a refund on tax paid on company vehicles.
Medical aid contributions, medical expenses, Retirement Annuity Fund Contributions, Income Protector Contributions, and depreciation on certain private assets used for work purposes are also some of the deductions that can be claimed against taxable income.
For more info on individual tax returns, ways we can assist you in filing yours in a hassle free way, knowing that all possible deductions will be claimed please visit "Tax Returns Online" Under our services section.