February 2023

We’ve all heard (but perhaps not all of us have remembered!) how online BEC (“Business Email Compromise”) scammers worldwide have been particularly targeting property transactions because of the substantial amounts of money involved. Beware – it’s not just conveyancers and property buyers and sellers who are being targeted, but also anyone involved in high-value transactions,

With both fuel and vehicle ownership costs at historic highs, it is more crucial than ever for taxpayers to keep accurate, up-to-date and securely stored logs of all business travel as well as proof of related travel costs. This is because expenses related to business travel can be deducted from taxable income – but only

Previously, company losses could (subject to certain requirements) be offset against 100% of taxable income in the following year, with any balance rolling over to subsequent years. Under the new rules, an assessed loss can now only be set off against 80% of taxable income or R1 million – whichever is higher – in the