[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1ynigksprszcu":3},{"_createdAt":4,"_id":5,"_updatedAt":6,"authors":7,"charactercount":30,"content":31,"featuredimage":337,"published":340,"slug":341,"subtitle":344,"tag":345,"title":346,"contentHtml":347,"featuredimageUrl":348},"2025-02-17T08:10:44Z","c1ccfed6-dd87-4de7-bbdc-7eae444978a7","2025-02-19T07:20:32Z",[8,21],{"_id":9,"avatar":10,"instagram":15,"linkedin":16,"name":17,"role":18,"twitter":19,"avatarUrl":20},"95035819-5a6d-4e5d-a24c-a7bc52843eb5",{"_type":11,"asset":12},"image",{"_ref":13,"_type":14},"image-3ba015f42d834f2f3288157c92d480ae7a8e3c02-383x400-jpg","reference","https:\u002F\u002Fwww.instagram.com\u002Fsasha_italia\u002F?hl=en","https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fsasha-perumalsamy-736a7296\u002F","Sasha Perumalsamy","Accountant ",null,"https:\u002F\u002Fcdn.sanity.io\u002Fimages\u002F59aqi1lf\u002Fproduction\u002F3ba015f42d834f2f3288157c92d480ae7a8e3c02-383x400.jpg?rect=0,9,383,383&w=128&h=128",{"_id":22,"avatar":23,"instagram":19,"linkedin":26,"name":27,"role":28,"twitter":19,"avatarUrl":29},"7aa08034-ee12-4896-8ab2-25cd716879b0",{"_type":11,"asset":24},{"_ref":25,"_type":14},"image-9c0a2bae8de9d0cab108aa92ee9c64c1a3b2312b-2369x2369-jpg","https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fsarah-cluver-289857162\u002F","Sarah Schwegmann","Growth","https:\u002F\u002Fcdn.sanity.io\u002Fimages\u002F59aqi1lf\u002Fproduction\u002F9c0a2bae8de9d0cab108aa92ee9c64c1a3b2312b-2369x2369.jpg?w=128&h=128",2780,[32,43,51,59,69,83,99,111,123,135,143,151,159,167,175,183,202,210,218,226,234,242,250,258,266,278,295,307,314,322,330],{"_key":33,"_type":34,"children":35,"markDefs":41,"style":42},"a9e28acc819d","block",[36],{"_key":37,"_type":38,"marks":39,"text":40},"e180e40b607a0","span",[],"Tax season doesn’t have to be the stress-fest everyone makes it out to be. With a little planning and the right tips and tricks up your sleeve, you can save money, stay compliant, and keep your sanity levels, level.",[],"normal",{"_key":44,"_type":34,"children":45,"markDefs":50,"style":42},"20f06612f895",[46],{"_key":47,"_type":38,"marks":48,"text":49},"c8aeef22e1510",[],"Whether you're a freelancer, small business owner, or just someone who wants to get their ducks in a row, these 5 tips will help you crush your business year and your tax season, like a pro:",[],{"_key":52,"_type":34,"children":53,"markDefs":58,"style":42},"ba59a623f380",[54],{"_key":55,"_type":38,"marks":56,"text":57},"8f6524b31e290",[],"",[],{"_key":60,"_type":34,"children":61,"markDefs":67,"style":68},"dc5520a9436f",[62],{"_key":63,"_type":38,"marks":64,"text":66},"7f8f894587e10",[65],"strong","1. Plan ahead and gather all relevant information and documents",[],"h3",{"_key":70,"_type":34,"children":71,"level":80,"listItem":81,"markDefs":82,"style":42},"228f26c27b83",[72,76],{"_key":73,"_type":38,"marks":74,"text":75},"c9793fb06e590",[65],"Relevant financial reports for your business:",{"_key":77,"_type":38,"marks":78,"text":79},"d71607c008f1",[]," Profit and Loss Statement, Balance Sheet, and your IT3(b) (an IT3(b) is a tax certificate issued by your bank or investment firm that summarises the interest, dividends, or other income you may have earned on your investments during a tax year). ",1,"bullet",[],{"_key":84,"_type":34,"children":85,"level":80,"listItem":81,"markDefs":98,"style":42},"d8305fc5babc",[86,90,94],{"_key":87,"_type":38,"marks":88,"text":89},"408575d4aee20",[65],"Medical Aid Certificate",{"_key":91,"_type":38,"marks":92,"text":93},"8a57579bfdd8",[]," and ",{"_key":95,"_type":38,"marks":96,"text":97},"3bb0f23ad26e",[65],"Retirement Annuity Certificate",[],{"_key":100,"_type":34,"children":101,"level":80,"listItem":81,"markDefs":110,"style":42},"ae4455ba91a2",[102,106],{"_key":103,"_type":38,"marks":104,"text":105},"347fc74699d80",[65],"Log Books",{"_key":107,"_type":38,"marks":108,"text":109},"7ca0c6721dd0",[]," (a single place where you track all of your travel delta - date of travel, km's traveled, destination, and reason for the trip)",[],{"_key":112,"_type":34,"children":113,"level":80,"listItem":81,"markDefs":119,"style":42},"e97f4b132def",[114],{"_key":115,"_type":38,"marks":116,"text":118},"a7c75e889c040",[117,65],"bd6f825ffd19","Home office expenses",[120],{"_key":117,"_type":121,"href":122},"link","https:\u002F\u002Fwww.sars.gov.za\u002Ftypes-of-tax\u002Fpersonal-income-tax\u002Ffiling-season\u002Fhome-office-expenses\u002F",{"_key":124,"_type":34,"children":125,"level":80,"listItem":81,"markDefs":134,"style":42},"2b15fa77ecf5",[126,130],{"_key":127,"_type":38,"marks":128,"text":129},"cb835a1f6c540",[65],"Collect Income records:",{"_key":131,"_type":38,"marks":132,"text":133},"e37795d99ae4",[]," IRP5\u002FIT3(a) certificates from employers (documents that show everything you have earned, deductions (like PAYE), and contributions like UIF), IT3(b) (the statement from banks mentioned above), and any other income records. ",[],{"_key":136,"_type":34,"children":137,"markDefs":142,"style":68},"2c6f8747b5d8",[138],{"_key":139,"_type":38,"marks":140,"text":141},"8ae73b62c77c",[65],"2. Separate your business and personal expenses",[],{"_key":144,"_type":34,"children":145,"level":80,"listItem":81,"markDefs":150,"style":42},"3fc238e12d56",[146],{"_key":147,"_type":38,"marks":148,"text":149},"529996c00b210",[],"If you're a sole proprietor or freelancer, use a separate bank account for business transactions",[],{"_key":152,"_type":34,"children":153,"level":80,"listItem":81,"markDefs":158,"style":42},"0a20250961a8",[154],{"_key":155,"_type":38,"marks":156,"text":157},"5b259bfdf49d0",[],"Deduct legit business expenses like your rent, equipment, and vehicle costs to reduce your taxable income",[],{"_key":160,"_type":34,"children":161,"level":80,"listItem":81,"markDefs":166,"style":42},"2306052e8560",[162],{"_key":163,"_type":38,"marks":164,"text":165},"6058dcabbfa90",[],"Turnover R1m every year? Register for VAT.",[],{"_key":168,"_type":34,"children":169,"markDefs":174,"style":68},"0f313d8b3821",[170],{"_key":171,"_type":38,"marks":172,"text":173},"7e3cf2a2a479",[65],"3. Provisional tax; stay on top of it (if you are a provisional taxpayer, duh)",[],{"_key":176,"_type":34,"children":177,"level":80,"listItem":81,"markDefs":182,"style":42},"d8bdeb87b7e8",[178],{"_key":179,"_type":38,"marks":180,"text":181},"1831281617df0",[],"If you earn outside of a salary (freelancing, side hustles, investments, etc.) pay provisional tax in August and February",[],{"_key":184,"_type":34,"children":185,"level":80,"listItem":81,"markDefs":199,"style":42},"b0cabd837944",[186,190,195],{"_key":187,"_type":38,"marks":188,"text":189},"e7dbf2047c2a0",[],"Submit accurate estimates on ",{"_key":191,"_type":38,"marks":192,"text":194},"e7dbf2047c2a1",[193],"d094a964c59e","SARS eFiling",{"_key":196,"_type":38,"marks":197,"text":198},"e7dbf2047c2a2",[]," on time to avoid penalties",[200],{"_key":193,"_type":121,"href":201},"https:\u002F\u002Fsecure.sarsefiling.co.za\u002Flanding",{"_key":203,"_type":34,"children":204,"level":80,"listItem":81,"markDefs":209,"style":42},"1741a4660961",[205],{"_key":206,"_type":38,"marks":207,"text":208},"2ef6417c33550",[],"Track PAYE vs. provisional tax if you have mixed income",[],{"_key":211,"_type":34,"children":212,"markDefs":217,"style":68},"99ba1d2e490e",[213],{"_key":214,"_type":38,"marks":215,"text":216},"c470bf6469da0",[65],"4. Work the system: Max out your tax savings investments",[],{"_key":219,"_type":34,"children":220,"level":80,"listItem":81,"markDefs":225,"style":42},"2244b6b64343",[221],{"_key":222,"_type":38,"marks":223,"text":224},"118ecdd48ca50",[],"Contribute to an RA to lower taxable income.",[],{"_key":227,"_type":34,"children":228,"level":80,"listItem":81,"markDefs":233,"style":42},"130d289f58bb",[229],{"_key":230,"_type":38,"marks":231,"text":232},"5e1442db139e0",[],"Invest up to R36K\u002Fyear in a Tax-Free Savings Account (TFSA) for tax-free returns.",[],{"_key":235,"_type":34,"children":236,"level":80,"listItem":81,"markDefs":241,"style":42},"8115faae22bf",[237],{"_key":238,"_type":38,"marks":239,"text":240},"9fe26bbde0420",[],"Earn rental income from an investment property? Deduct your rates, levies, & interest from your bond.",[],{"_key":243,"_type":34,"children":244,"markDefs":249,"style":68},"6e2ecb842c26",[245],{"_key":246,"_type":38,"marks":247,"text":248},"bf0a17e404350",[65],"5. Maximize Your Deductions: Don’t Pay More Tax Than You Should",[],{"_key":251,"_type":34,"children":252,"markDefs":257,"style":42},"b15300ccbc51",[253],{"_key":254,"_type":38,"marks":255,"text":256},"ec8ecd0613510",[],"Claim allowable deductions like:",[],{"_key":259,"_type":34,"children":260,"level":80,"listItem":81,"markDefs":265,"style":42},"ba1049b6d68a",[261],{"_key":262,"_type":38,"marks":263,"text":264},"ef933fa86dfb0",[65],"Medical aid tax credits",[],{"_key":267,"_type":34,"children":268,"level":80,"listItem":81,"markDefs":277,"style":42},"5487eacba216",[269,273],{"_key":270,"_type":38,"marks":271,"text":272},"70141a405d6c0",[65],"RA contributions",{"_key":274,"_type":38,"marks":275,"text":276},"bda72814136d",[]," (up to 27.5% of taxable income)",[],{"_key":279,"_type":34,"children":280,"level":80,"listItem":81,"markDefs":293,"style":42},"fb55687886ba",[281,285,289],{"_key":282,"_type":38,"marks":283,"text":118},"6de27c5205850",[284,65],"90b0a357a610",{"_key":286,"_type":38,"marks":287,"text":288},"6de27c5205851",[65]," ",{"_key":290,"_type":38,"marks":291,"text":292},"624d0b4bee7b",[],"(if you meet SARS rules).",[294],{"_key":284,"_type":121,"href":122},{"_key":296,"_type":34,"children":297,"level":80,"listItem":81,"markDefs":306,"style":42},"67cdb0910cac",[298,302],{"_key":299,"_type":38,"marks":300,"text":301},"022a22f5d8eb0",[65],"Travel deductions",{"_key":303,"_type":38,"marks":304,"text":305},"9a642251aadd",[]," (if you receive a travel allowance and keep a logbook)",[],{"_key":308,"_type":34,"children":309,"markDefs":313,"style":42},"06d79ec4170f",[310],{"_key":311,"_type":38,"marks":312,"text":57},"d42d1287ab0d0",[],[],{"_key":315,"_type":34,"children":316,"markDefs":321,"style":42},"792c22484e50",[317],{"_key":318,"_type":38,"marks":319,"text":320},"c1f4ae0104460",[],"Tax season really doesn't have to be a last-minute scramble or an overwhelming time as a business owner. ",[],{"_key":323,"_type":34,"children":324,"markDefs":329,"style":42},"22dc543fec87",[325],{"_key":326,"_type":38,"marks":327,"text":328},"d6cc7061186e",[],"By staying on top of things, getting organised, taking advantage of deductions, and planning ahead of time - you’ll save time, money, and stress. Start with these tips to make this tax season your breeziest one yet.",[],{"_key":331,"_type":34,"children":332,"markDefs":336,"style":42},"1ea4a62f79e3",[333],{"_key":334,"_type":38,"marks":335,"text":57},"a3df3df67b7f0",[],[],{"_type":11,"asset":338},{"_ref":339,"_type":14},"image-61b8da4131559a32bdff3ee6e15a124ce38c1986-6786x3831-jpg","2025-02-17T08:01:22.139Z",{"_type":342,"current":343},"slug","5-habits-to-stay-tax-ready-year-round","Simple tax tips for Entrepreneurs","Accounting","5 Habits to Stay Tax Ready All Year-Round","\u003Cp>Tax season doesn’t have to be the stress-fest everyone makes it out to be. With a little planning and the right tips and tricks up your sleeve, you can save money, stay compliant, and keep your sanity levels, level.\u003C\u002Fp>\u003Cp>Whether you're a freelancer, small business owner, or just someone who wants to get their ducks in a row, these 5 tips will help you crush your business year and your tax season, like a pro:\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>\u003Cstrong>1. Plan ahead and gather all relevant information and documents\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cul>\u003Cli>\u003Cstrong>Relevant financial reports for your business:\u003C\u002Fstrong> Profit and Loss Statement, Balance Sheet, and your IT3(b) (an IT3(b) is a tax certificate issued by your bank or investment firm that summarises the interest, dividends, or other income you may have earned on your investments during a tax year). \u003C\u002Fli>\u003Cli>\u003Cstrong>Medical Aid Certificate\u003C\u002Fstrong> and \u003Cstrong>Retirement Annuity Certificate\u003C\u002Fstrong>\u003C\u002Fli>\u003Cli>\u003Cstrong>Log Books\u003C\u002Fstrong> (a single place where you track all of your travel delta - date of travel, km's traveled, destination, and reason for the trip)\u003C\u002Fli>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.sars.gov.za\u002Ftypes-of-tax\u002Fpersonal-income-tax\u002Ffiling-season\u002Fhome-office-expenses\u002F\">\u003Cstrong>Home office expenses\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fli>\u003Cli>\u003Cstrong>Collect Income records:\u003C\u002Fstrong> IRP5\u002FIT3(a) certificates from employers (documents that show everything you have earned, deductions (like PAYE), and contributions like UIF), IT3(b) (the statement from banks mentioned above), and any other income records. \u003C\u002Fli>\u003C\u002Ful>\u003Ch3>\u003Cstrong>2. Separate your business and personal expenses\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cul>\u003Cli>If you're a sole proprietor or freelancer, use a separate bank account for business transactions\u003C\u002Fli>\u003Cli>Deduct legit business expenses like your rent, equipment, and vehicle costs to reduce your taxable income\u003C\u002Fli>\u003Cli>Turnover R1m every year? Register for VAT.\u003C\u002Fli>\u003C\u002Ful>\u003Ch3>\u003Cstrong>3. Provisional tax; stay on top of it (if you are a provisional taxpayer, duh)\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cul>\u003Cli>If you earn outside of a salary (freelancing, side hustles, investments, etc.) pay provisional tax in August and February\u003C\u002Fli>\u003Cli>Submit accurate estimates on \u003Ca href=\"https:\u002F\u002Fsecure.sarsefiling.co.za\u002Flanding\">SARS eFiling\u003C\u002Fa> on time to avoid penalties\u003C\u002Fli>\u003Cli>Track PAYE vs. provisional tax if you have mixed income\u003C\u002Fli>\u003C\u002Ful>\u003Ch3>\u003Cstrong>4. Work the system: Max out your tax savings investments\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cul>\u003Cli>Contribute to an RA to lower taxable income.\u003C\u002Fli>\u003Cli>Invest up to R36K\u002Fyear in a Tax-Free Savings Account (TFSA) for tax-free returns.\u003C\u002Fli>\u003Cli>Earn rental income from an investment property? Deduct your rates, levies, & interest from your bond.\u003C\u002Fli>\u003C\u002Ful>\u003Ch3>\u003Cstrong>5. Maximize Your Deductions: Don’t Pay More Tax Than You Should\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>Claim allowable deductions like:\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cstrong>Medical aid tax credits\u003C\u002Fstrong>\u003C\u002Fli>\u003Cli>\u003Cstrong>RA contributions\u003C\u002Fstrong> (up to 27.5% of taxable income)\u003C\u002Fli>\u003Cli>\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fwww.sars.gov.za\u002Ftypes-of-tax\u002Fpersonal-income-tax\u002Ffiling-season\u002Fhome-office-expenses\u002F\">Home office expenses\u003C\u002Fa> \u003C\u002Fstrong>(if you meet SARS rules).\u003C\u002Fli>\u003Cli>\u003Cstrong>Travel deductions\u003C\u002Fstrong> (if you receive a travel allowance and keep a logbook)\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u003C\u002Fp>\u003Cp>Tax season really doesn't have to be a last-minute scramble or an overwhelming time as a business owner. \u003C\u002Fp>\u003Cp>By staying on top of things, getting organised, taking advantage of deductions, and planning ahead of time - you’ll save time, money, and stress. Start with these tips to make this tax season your breeziest one yet.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>","https:\u002F\u002Fcdn.sanity.io\u002Fimages\u002F59aqi1lf\u002Fproduction\u002F61b8da4131559a32bdff3ee6e15a124ce38c1986-6786x3831.jpg?w=1280"]