Declaring Too Much Income to SARS?

It sounds crazy, but it happens more often than one would think… Many a taxpayer has experienced the wrath of SARS when failing to declare all of their income. The penalties for non-declaration of income are severe—up to 200% of the tax evaded as a consequence of not declaring an amount that is taxable. But […]

When Is a Trust Not a Trust?

When can the provisions of a trust deed be set aside?  When you don’t stick to the rules. Far too many people pay their accountant or attorney a visit, draw up a boilerplate trust deed, sign on the dotted line, and think that this piece of paper will take away all their tax and estate […]

The Gap Year: Adolescent Indulgence or a Valuable Life Experience?

Taking a year off after school may not put your child in the ‘pound seats’, but it could provide valuable life lessons. It seems like just yesterday your little darlings were in diapers. Now they’re finishing high school and talking about spending the next year overseas in order to “discover” themselves. Being the sensible parent […]