March 2025 – TickBirds Certified Business Accountants

Taxation

How Individuals Are Taxed in South Africa

Personal Income Tax

Introduction

Taxation forms the backbone of public administration and infrastructure funding in South Africa. For every individual, understanding personal income tax is not merely academic – it’s essential for sound financial planning and compliance. In this article, TickBirds Certified Business Accountants breaks down the concept of personal income tax, explains why it is collected, details what the government does with the revenue, and offers practical tools to leverage tax credits, reduce liability, and even secure a refund from SARS.

Henry

Mar, Thu, 2025

Taxation

Understanding Capital Gains Tax (CGT) in South Africa: A Comprehensive Guide

By TickBirds Certified Business Accountants

Capital Gains Tax (CGT) is an integral component of South Africa’s taxation system, affecting the financial outcomes of disposing of assets. At its core, CGT is the tax levied on the profit – or “capital gain” – realized when you sell, donate, or otherwise dispose of an asset. This tax is calculated as the difference between the asset’s base cost (what you paid or its market value on acquisition) and the proceeds received at disposal. The rules governing CGT are set out in the Income Tax Act No. 58 of 1962 (as amended) and administered by the South African Revenue Service (SARS).

Henry

Mar, Thu, 2025

Budgets

Mastering Your Fiscal Future: Unlocking the Power of Budgeting

Insights by TickBirds Certified Business Accountants

Budgeting is not merely about tracking expenses—it’s a cornerstone for financial stability and growth. In today’s dynamic economic landscape, an effective budget is the strategic blueprint that guides businesses and individuals alike towards sound decision making and optimal resource allocation.

Henry

Mar, Fri, 2025

Budgets

SA 2025 National Budget: Leverage for Maximum Business Tax Benefits

On 12th March 2025, South Africa’s Finance Minister delivered a ground breaking budget speech that has reshaped the fiscal landscape. For businesses, this national budget is more than just a financial statement – it’s a roadmap full of opportunities to optimize tax strategies, streamline finances, and strengthen overall competitiveness.