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André (Andile) Bothma
14.6K posts
André (Andile) Bothma
@AndreBothmaTax
Tax practitioner | AI governance | Writing Clear Signal | Cape Town
- Most SAns have an income problem, not an expense problem. An income problem can't be fixed by spending less. The little money they do have, is used for survival and a smidgen of entertainment - and you can't judge them if you dont understand their point of view.
- Want get your CV updated for the next application? Here are a few tips from my wife in HR. [Thread]
- Registering a company on CIPC without an accountant or knowing / understanding the obligations of a company is a terrible idea, because now SARS is targeting dormant companies with admin penalties
- [THREAD] The one director, one shareholder, one employee company. Perhaps you've heard that a company only pays 28% tax and got the bright idea to register yourself as a company, doing the same work, and only pay 28% rather than at the 45% tax bracket. Bring your tissues...
- Please teach your kids about tax: Buy them an ice cream, but as you hand it to them, eat half of it. They may say it's unfair, but that's how tax works.
- In South Africa, there’s no tax on lottery winnings. And we have better banking systems. And SARS is more technologically advanced than the IRS.$1.5B doesn’t go as far as it used to…
- The problems with using averages is that it takes outliers into account and skews the results. The average South African does not earn 26k, far below that.The average salary in South Africa is R26 032 a month. Not a fan of averages, but do you think this is enough to live in South Africa? Source @BusinessTechSA
- In your 20's (guys) work on yourself. 1. Get a good physique 2. Build a versatile, well fitted wardrobe 3. Make career moves to take you from pawn to promotion 4. Move into your own place (rent or buy) 5. Make friends with other gents 6. Take up a social hobby
- Show your calculations.7,5 million people in South Africa pay 95% of the tax. Are you one of them?
- Today, I feel very generous (Thread): How to claim Working from Home (as an employee) for the 2021 tax return.
- In South Africa, it is harder for a contractor earning 2.7mil a year to get credit than someone showing the bank three payslips.
- I've just interviewed someone with a BCom Accounting degree who's been unemployed for a year. During the interview, I broke out in tears, because of our limitations we can only take in one intern. This really, really sucks.
- SA salary stats, according to SARS data on individuals: Total registered individuals: 14 mil 6.8million of SA individual taxpayers fall in the 0 - 80k taxable income bracket. This means that over 48% of individual taxpayers earn LESS THAN R 6,700 per month (in taxable income)
