Travel Allowance, Company Car or Reimbursement? The Tax Rules
A travel allowance on your payslip is not a tax-free perk. SARS taxes 80% of it through PAYE every month, and the only way to reduce that tax bill is with a valid logbook at assessment time. The same applies to company vehicles and reimbursive payments. Each arrangement has its own rules, its own thresholds, and its own consequences when those rules are ignored. This guide explains exactly how each one works and what your clients need to do right now.
Wear and Tear and Recoupments - What You Can (and Can’t) Write Off
Think you know what you can claim for wear-and-tear? Think again. From small tools under R7,000 to second-hand vehicles and home-office equipment, SARS has clear. but often misunderstood, rules on what qualifies, how to calculate the deduction, and when you might have to pay it back. This article breaks down the essentials of Section 11(e), shows you how to use SARS’s write-off table, and explains the hidden risks of recoupments when assets are sold. Whether you're advising clients or managing your own tax affairs, this is a must-read.