With tax season a thing of the past, PWM Financial Management in Port Elizabeth suggests four easy ways to pay less personal income tax in future. The recently released South African Tax Statistics 2013, which is a joint publication of National Treasury and the South African Revenue Service, reveals that just 3.3 million taxpayers shoulder 99 per cent of the tax burden in this country. If you are one of those whose heavy tax bill has left their wallet substantially lighter, you have options that won't leave you running from the law like Al Capone. At PWM Financial Management, we certainly do not advocate tax evasion but there are some perfectly legal ways to avoid paying too much tax. Here are four simple tax avoidance … [Read more...]
November 27, 2013 by
Property Poser – Sudden rental hikes spike anger
This week the Property Poser panel deals with two similar questions regarding sudden rental hikes. In the first instance, the reader and his family reside in his brother's granny flat and have done so for years. His brother, the landlord, has just recently presented him with a lease agreement to sign. The lease contains a not insubstantial 40 per cent increase together with a 10 per cent annual increase thereafter. Should he fail to sign the agreement, the landlord has advised that the reader will have one month to vacate the property. In the second matter, the landlord's daughter has taken over the running of his affairs. She contacted the reader to advise that she would be increasing the monthly rental on the reader's flat by 25 … [Read more...]
