Eight farming tax mistakes that cost farmers cash and lead to SARS disputes
Farming has its own tax rules, and many of the costliest errors come from treating a farm like any other business. This article sets out eight mistakes that cost farmers cash or lead to SARS disputes: where farming ends and manufacturing begins, valuing stock on the accounting figures, the livestock purchase limit, capital development deductions, assessed losses and the 2026 change to section 20A, VAT adjustments and employee housing. It ends with a checklist for practitioners.
Personal Service Provider Rules: When SARS Says You Are an Employee
Your payroll clients are the ones exposed. Pay a one-man company for services and you may be an employer who should have withheld PAYE at 27%. Get it wrong and the shortfall, the 10% penalty and the interest follow the directors personally. Here's how to spot it first.