Constance Kawelenga, Author At Zuva Financial Services |

16 Nov 24

Financial Record-Keeping and Reporting for Medical Practitioners in South Africa

Effective financial management is essential for running a medical practice smoothly and ensuring its long-term sustainability. For medical practitioners in South Africa, financial record-keeping and reporting are especially critical due to the complex regulatory and compliance requirements in the healthcare industry. 1. Organized Record-Keeping System The foundation of any solid…

16 Nov 24

Investment and Capital Gains Tax Planning Tips for High-Net-Worth Medical Practitioners

1. Introduction to Capital Gains Tax (CGT) in South Africa As a medical practitioner, it is likely that at some point the question of how to diversify your considerable financial wealth is going to come up. Property is a common investment vehicle, as are shares and, more recently, cryptocurrencies. Investment…

16 Nov 24

Financial Planning for Medical Practitioners in South Africa: Cash Flow Management and Budgeting

While the primary reason for setting up your practice is patient care, managing the financial aspects of a medical practice is equally vital to ensure the long term viability of your practice. You need strong administrative skills, financial management, as well as systems and processes to run it successfully. Cash…

03 Oct 24

Understanding Beneficial Ownership: CIPC’s New Compliance Requirements

With the rise of criminal activities such as money laundering, it is crucial for businesses to implement measures that mitigate the risks associated with such crimes. The national risk assessment has identified legal persons as vehicles that are particularly prone to abuse for money laundering and terrorist financing activities. In…

03 Oct 24

Disputing SARS Assessments: Understanding Your Rights and the Appeals Process

If you are aggrieved by an assessment or decision issued by SARS (South African Revenue Service), you have the right to object. However, it’s important to note that you cannot object to a self-assessment, such as Value-Added Tax (VAT) and Pay-As-You-Earn (PAYE), unless a revised assessment has been raised by…

03 Oct 24

Workmen’s Compensation: Employer Registration, Reporting & Employee Claims

Workmen’s Compensation is a government-mandated program that provides financial support and benefits to employees who become injured or ill due to their work. If a worker is injured, contracts a disease, or dies while working, they or their dependents can claim from the Compensation Fund. Who Can Claim Workmen’s Compensation?…

03 Oct 24

Section 13quat Explained: Tax Savings for Property Developers and Investors in South Africa’s Inner Cities

Section 13quat provides a tax incentive in the form of an accelerated depreciation allowance to promote investment in designated inner-city areas. The main objectives are to address dereliction and dilapidation in South Africa’s largest cities and to encourage urban renewal and development by promoting private sector investment in the construction…

02 Oct 24

Understanding Amalgamation Transactions & Related Tax Relief Benefits (Section 44 of the Income Tax Act)

An amalgamation is the combination of two or more companies into an entirely new entity. Unlike an acquisition, where at least one company remains intact, none of the companies involved in an amalgamation survive as a legal entity. Instead, a completely new entity is formed, carrying the combined assets and…

02 Oct 24

Understanding Venture Capital Companies (VCCs) & Related Tax Incentives for Investors

One of the main challenges to the growth of small and medium-sized businesses and junior mining exploration is access to equity finance. To assist these sectors in obtaining equity finance, the government has implemented a tax incentive for investors in these enterprises through a Venture Capital Company (VCC) regime. VCCs…

02 Oct 24

Understanding Donations Tax and Section 18A in South Africa

The South African government has recognized that certain organizations are dependent on the generosity of the public. To encourage this generosity, a tax deduction is provided for specific donations made by taxpayers. The eligibility is restricted to organizations approved by the Commissioner that use the donations to carry on or…

Constance Kawelenga

Financial Record-Keeping and Reporting for Medical Practitioners in South Africa

Investment and Capital Gains Tax Planning Tips for High-Net-Worth Medical Practitioners

Financial Planning for Medical Practitioners in South Africa: Cash Flow Management and Budgeting

Understanding Beneficial Ownership: CIPC’s New Compliance Requirements

Disputing SARS Assessments: Understanding Your Rights and the Appeals Process

Workmen’s Compensation: Employer Registration, Reporting & Employee Claims

Section 13quat Explained: Tax Savings for Property Developers and Investors in South Africa’s Inner Cities

Understanding Amalgamation Transactions & Related Tax Relief Benefits (Section 44 of the Income Tax Act)

Understanding Venture Capital Companies (VCCs) & Related Tax Incentives for Investors

Understanding Donations Tax and Section 18A in South Africa

Financial Record-Keeping and Reporting for Medical Practitioners in South Africa

Investment and Capital Gains Tax Planning Tips for High-Net-Worth Medical Practitioners

Financial Planning for Medical Practitioners in South Africa: Cash Flow Management and Budgeting

Understanding Beneficial Ownership: CIPC’s New Compliance Requirements

Disputing SARS Assessments: Understanding Your Rights and the Appeals Process

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