Signing an Offer to Purchase is one of the final steps in buying a property. Once this document has been signed, the buyer is legally bound to purchase the property within the expiry period of the Offer, with both the buyer and seller being bounds by its terms and conditions. Continue reading
The new Dividends Tax came into effect in South Africa on the 1st of April, changing the way taxation on share dividends is collected. This new legislation means that the tax shareholders pay on dividends will be deducted from the dividend before it is paid out, and understanding the new law is essential to prevent confusion when filing your provisional tax returns. Continue reading
Getting married is an exciting and important decision, and for many couples it is the most important decision they will ever make together. While tax may be the last thing on a couple’s mind when they plan their future together, the South African tax laws do apply differently to married people. Continue reading
Northwood is able to advise not only individuals, but also business owners on all tax-related issues as well as preparing monthly, quarterly, and annual returns for your company. See what we can offer via our Tax Shop.
With the digital banking revolution taking hold in South Africa, bank clients are taking advantage of enhanced services which are available on tablet and smart phone devices. Besides the better-known electronic banking services like EFTs and balance enquiries via cell phone and tablet, FNB customers can now also make cashless payments to each other, provided that they are in the same location. Continue reading
Debt counselling has changed the way creditors (the companies that offer goods on credit) deal with debtors (people who owe money to creditors). If you or someone close to you is in a situation where monthly debt payments are no longer manageable, applying for debt review could be a beneficial step. Continue reading
Putting the customer first should be the first priority of every business. Unfortunately, there are still instances where this is not the case, and many unsuspecting insurance clients still fall prey to practices which are unfair and do not put their needs first. This often happens when a client wishes to change insurers. A similar tactic may be used by certain investment companies who are keen to keep their clients at all costs. Continue reading