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Cecil Kilpin | December 2019 Newsletter

By |2020-01-22T11:08:21+02:00Dec 18th, 2019|Business, Finance + Economics, Goverment, Newsletter, Tax|

Annual Inflation Continues to Fall A recent report from STATSA states that annual inflation eased further in November, falling to 3,6% from October’s 3,7%. This is the third successive month of disinflation, which means that the pace of price increases is slowing down. November’s reading is the lowest since December 2010 when the rate was 3,5%. The highest rate recorded since December 2010 was 7,0% in February 2016. Since the end of 2016 inflation has been on a downward trend and has remained firmly within the South African Reserve Bank’s 3%–6% monetary policy range since April 2017. Housing and utilities, miscellaneous goods and services, and food and non-alcoholic beverages were the biggest contributors to the 3,6% increase in November 2019. Food and non-alcoholic beverages’ inflation [...]

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Cecil Kilpin | October 2018 Newsletter

By |2018-10-19T09:58:32+02:00Oct 12th, 2018|Accounting, Business, Finance + Economics, Goverment, Newsletter, Tax|

Medium Term Budget Policy Statement (MTBPS) Nhlanhla Nene is the first victim of the “State Capture Enquiry”. Just twoweeks before presenting a critical MTBPS, he resigned after a massive public backlash regarding his initial non-disclosure regarding his meetings with the infamous Gupta family. His replacement, Tito Mboweni, has been well received by the markets and public in general. It would appear that his appointment will be positive for South Africa’s economic recovery , and we look forward to his budget speech presentation on the 24th October . While it appears a short time for him to pre-pare, Treasury has a contingent of experts who have prepared the necessary budgets in line with government policy. Minister Mboweni should slot in with ease! Fast facts on Tito [...]

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Cecil Kilpin | July 2017 Newsletter

By |2017-07-16T10:31:45+02:00Jul 6th, 2017|Tax|

TAX SEASON 2017 NOW OPEN Tax Season 2017 officially opened on Saturday, 1 July 2017 for eFilers. To assist you we have prepared some helpful information below. Not everyone needs to file an income tax return. Taxpayers do not have to submit an income tax return if: Their total salary for the year before tax is not more than R350 000 They only receive employment income from one employer for the full year of assessment They have no other form of income They don’t have any additional allowable tax deductions to claim Ensure that you have all your documents ready: Proof of income such as: IRP5/IT3(a) from your employer or pension fund Tax certificates for investment income IT3(b) Tax Free Investments certificate(s) IT3(s) Financial statements [...]

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