How to make yourself invisible to SARS...
SARS is hungry for money.
It's teetering on the edge of around a R150 million shortfall... and if it falls in, lights will go off, roads will crumble and water will become undrinkable.
So, SARS' only hope is to go after taxpayers with a vengeance.
But not individual taxpayers.
No. It's set its sights on corporate taxpayers, like you.
And that's why it doesn't want you to see this letter...
Because with it, you'll uncover no less than 139 ways for your business to legally pay less tax.
Here are the first five (for example)...
Deductions aren't the only way to reduce your tax bill. Here's another completely legal strategy...
The key to reducing how much tax you pay is staying off SARS' radar
SARS conducted 1.8 million audits. It's added 100s of new tax collectors and auditors to its payroll and each one has his own collection targets to meet. This means two things:
But I have a perfectly legal way for you to reduce your risk, including...
What you can do to avoid unnecessary attention from SARS using these 6 secrets
How to make every transaction legit with this one simple step
The one letter you must ask to see BEFORE any audit starts... or refuse to comply
Still... knowing your rights, and insisting that SARS honours them - is only ONE battle to win in reducing your tax burden.
Which is why SARS doesn't want you to learn about the 139 ways the Practical Tax Handbook has identified to help your business pay less tax, legally.
And that's EXACTLY why I want to get this information to you today!
But, before you read more about what this service has uncovered, here's why you should listen...
A combined experience of 91 years... and a mission
I'm David van Niekerk and I have one single mission: To help businesses like yours save tax. My team and I at the Practical Tax Handbook service have developed a perfectly legal way to do just that. Let's meet the team.
David van Niekerk - Qualified chartered accountant and registered tax practitioner with SARS
I'm a qualified chartered accountant and registered with the South African Institute of Chartered Accountants. I am also a registered tax practitioner with SARS and have been since 2004.
I believe in absolute integrity and the highest quality service when handling my client’s business and personal portfolios. I have been involved in tax consulting since 1999, offering clients both complicated legal tax interpretation, structuring and advice, to assisting with basic tax filing.
I am also involved in statutory and forensic auditing, accounting, risk and internal control assessment and planning. I am passionate about my client’s business, knowing that dedication and motivation holds a natural reciprocity to providing professional services.
Annja Louca - Certified internal auditor, registered with the International Internal Auditing Board of SA
Annja is a qualified chartered accountant and is registered with the South African Institute of Chartered Accountants and has been a registered tax practitioner with SARS since 2010.
In addition to external auditing, she is a certified internal auditor and is registered with the International Internal Auditing Board of SA.
Thomas Jordi - Master tax practitioner at the South African Institute of Tax professionals
Thomas has an honours degree in advanced taxation. Working as a tax and business consultant, he gained a knowledge and understanding of the inner working of small to medium business with a focus on compliance issues stunting the potential for gowth.
During this time he joined the South African Institute of Tax professionals as a Master Tax practitioner.
He has also published a tax manual for use in an introductory tax course.
Lizelle Talbot - Group tax specialist for a large listed group of entities
Lizelle has a BCom Hons and a Masters degree in taxation from the University of Pretoria and is a registered Master Tax Practitioner with the South African Institute of Tax Practitioners.
She's been specialising in tax since 2007 and has been an independent tax consultant since 2012 and is currently acting as the group tax specialist for a large listed group of entities.
Ettiene Retief - Chairman of the Tax Technical Committee at South African Institute of Professional Accountants
He's on a first name basis with Trevor, Pravin and now Oupa... all so he can fight for the cause of taxpayers like you.
Every chance he gets he bends their ears and challenges SARS' interpretation and application of South Africa's tax laws. As a chairman of the Tax Technical Committee at South African Institute of Professional Accountants, he's in a position that those in power can't ignore.
Together, this team works day and night to uncover every legal way to help you protect your rights and to reduce how much tax your business must pay.
What they find is so powerful, SARS doesn't want you to see it.
Here are just three examples of what you can expect from this tax team of experts in the Practical Tax Handbook .
How to structure your salary to save R1 000s
(Yes, you can still save on tax this way)
Let's say your company pays you a gross monthly salary of R10 000 with medical contributions of R1 500. Then the medical aid company increases its premium to R2 000.
Under the usual system of structuring salaries, you would make a salary sacrifice of R500. AND you'd need to comply with all the legal requirements to make that sacrifice as well. Then you can only claim your tax-free portion back in the month you make your contribution...
The Practical Tax Handbook team has a better way to do this, one that doesn't involve sacrifice and extra work. One that SARS won't look at twice, reassess and penalise you for.
In fact, the salary structuring solutions that the Practical Tax Handbook team has uncovered allow you more leeway to structure salaries in the future without affecting your gross salary now.
The 11 deductions salary earners can still claim
The three non-negotiable requirements your employment contracts must meet to minimise your tax
The most common mistake taxpayers make when calculating their pension fund deductions... and what you must to do to avoid it
Five tax safeguards to include in your employment contracts
The solutions also allow you to know the exact cost to company of all your employees, so making management decisions will be easier... especially when review time comes around again.Then there's this 100% legal strategy...
Save R26 983 by keeping an accurate logbook
Maintaining an accurate logbook is a tedious affair but the benefit of additional tax savings may make it worthwhile.
An accurate logbook means you can base your claim for travel expenses for business and private use on the actual distances travelled. You may also be able to reduce the taxable benefit of the company vehicle you use. No logbook puts you at the mercy of the provisions of the Income Tax Act, that can in some cases be extremely costly.
Who can benefit from an accurate logbook?
Example: No logbook
Mr Smith uses his personal vehicle for business purposes. He didn’t maintain an accurate logbook. His vehicle costs him R250 000 including Vat, but excluding finance charges. His travel allowance is R69 970 for the tax year ending 29 February 2012. He travelled a total distance of 17 600 kilometres for the period 1 March 2014 to 29 February 2015.
Example: Logbook kept
Assume that Mr Smith maintained an accurate logbook as follows.
Mr Smith’s travel deduction is calculated as follows.
Business km x total cost 10 518 x 641.36c
Mr Smith will benefit in paying R26 983 less in taxes, compared to not keeping a logbook.
With SARS hungry to increase its collection revenue, it doesn't want you to know how to pay LESS tax like this. Nor does it want you to know any of the 139 secrets the Practical Tax Handbook has uncovered for you. So today I'd like to give you the opportunity to put this service to the test, risk free
I'll explain more in a minute... but first, here are a few more secrets you can use to pay less tax, guarantee your compliance and generally just make your job (and life) easier...
Other secrets you'll uncover with the Practical Tax Handbook
Today, I've only shown you a few of the 139 reasons why SARS doesn't want you to see this. Space is limited. Your time is precious. So, instead of going into more detail here, I want to give you the opportunity to uncover for yourself ALL the tax-minimising, compliance-maximising strategies the Practical Tax team has covered, I'd like to send you the Practical Tax Handbook risk free.
Remember, independent consultants check all the tips, tools, strategies and checklists you'll discover in the Practical Tax Handbook . That means everything you'll find in this Handbook is 100% legal.
Let's take a look inside the Practical Tax Handbook...
Tax topics for finance professionals - concise and understandable formulated and presented clearly.
But see for yourself ...
Here's what you'll receive….
The Practical Tax Handbook comes with an essential updating service, the special report: Take on SARS and Win!, access to the 24/7 expert Tax advice helpdesk and three bonus tax saving reports.
You'll also immediately receive FIVE FREE BONUS GIFTS to help you take the hassle out of tax, audit-proof your business and make the Receiver your friend!
Combined, these gifts have a total value of R1 200 - Yours absolutely free
To welcome you as a new subscriber, you’ll get instant tax savings, with these FREE five gifts and services:
Total Value R2 997
But you only pay R997
(And it's backed with my 100% satisfaction guarantee)
Your entire package includes:
The 500 page Practical Tax handbook
valued at R1 797
Take on SARS and Win
valued at R159
Free expert advice to solve your tax problems
valued at R599
Tax deductions that will save you over R110 000
valued at R149
How to save R80 660 in company car taxes
valued at R149
30 Quick tax solutions for busy taxpayers
valued at R149