26/03/2026
⚠️ SCAM ALERT – SARS Payment Notice
This “Tax Settlement Notification” currently doing the rounds is fake.
A few key red flags:
- It requests payment into a normal bank account (ABSA) – SARS does not operate this way
- It uses a generic reference instead of official SARS payment channels
- It creates urgency to push immediate payment
SARS will never send banking details like this for direct payment.
Do not make any payment and do not share personal information.
Always verify on your SARS eFiling profile, contact SARS directly, or check with your tax practitioner.
Feel free to reach out to me if you’re unsure about any communication claiming to be from SARS.
Please share to warn others.
27/02/2026
The 2026 Budget introduces several changes affecting individuals, homeowners, and businesses. The previously planned R20 billion tax increase has been withdrawn, meaning no broad‑based tax hikes this year. Personal income tax brackets, rebates and medical tax credits have all been fully adjusted for inflation, providing relief from bracket creep.
For small businesses, the compulsory VAT registration and Turnover Tax thresholds increase from R1 million to R2.3 million, easing compliance and cash‑flow pressure. Savings and retirement incentives have also been strengthened, with higher limits for tax‑free investments, retirement contributions and capital gains exclusions.
Homeowners will benefit from the higher Capital Gains Tax exclusion on the sale of a primary residence, which increases from R2 million to R3 million.
These updates offer meaningful relief and improved planning opportunities across the board.
17/07/2025
Sole Prop? Rental Income? Side Hustle?
Tax season for these returns opens this Monday, 21 July 2025.
If you earned anything beyond your salary – rental income, freelance work, capital gains, or a small business – SARS expects you to file a proper return.
Auto-assessments don’t cover:
✔️ Sole proprietor income
✔️ Business expenses
✔️ Rental deductions
✔️ Capital gains
Getting it wrong can mean penalties, audits, or missed refunds.
We specialise in getting these returns done right.
Get in touch with us:
Contact - TB Services
Get in touch with Terrilin Accounting & Bookkeeping Services for your monthly bookkeeping, payroll management, personal income tax...
