Your First Year of Self-Employment and Provisional Tax: The Mistakes That Generate Interest

Becoming self-employed changes the way you deal with tax. When you are employed, your employer deducts PAYE from your salary and pays it to SARS on your behalf. You receive your salary after tax, file an annual return, and usually do not have to think much more about it. Self-employment is different. You receive your […]

Provisional tax: Did you know?

Provisional tax payments is not a separate tax but pre-payments of income tax for a specific tax year. These pre-payments ensure that the tax load is spread over the tax year and can avoid a nasty surprise when SARS calculates (assesses) the final income tax liability for that specific tax year. There are three provisional […]