The other penalties aside, is misappropriation of VAT theft in the same way as stealing a car or television set is? SARS would like you to think so.
Further weakening of the rand is expected. This is a double-edged sword for farmers. But, as always, those able to produce quality products will survive.
Whether you’re negotiating a rocky road or struggling to pay those toll fees, your number one objective is to make a profit and grow your business.
In this week’s case, key issues relating to income tax are highlighted, even though the crux of the matter remains unresolved.
The 2015/2016 department of agriculture’s budget is 4,6% smaller than that of the previous year. Both commercial and non-commercial farmers will suffer.
If you have all of your eggs in one basket, the sooner you go offshore with some investments, the better.
Can you fix other issues if SARS decides on a reassessment of tax returns?
A recent UK study has found that more efficient and profitable farmers tend to have certain properties in common.
Many may disagree with aspects of today’s labour law, but it’s far better than the ‘no-holds-barred’ days of the past.
Taxpayers are entitled to know when SARS is finished with its assessments and re-assessments.
Farmers need to carefully consider how they address black economic empowerment strategies.
Imagine a farm used exclusively for the production of food or fibre, with no housing in sight!
