Ever struggled to file your tax returns? Want to know how to get money back from the government? Then this book by admitted attorney and tax specialist, Daniel Baines, is for you!
In How to Get a SARS Refund, Baines explains the fundamentals of income tax and tax deductions in South Africa, focusing on employees who receive a monthly salary. The book aims to help you understand why you are taxed the amount that you are and to assist you in reducing your tax liability.
Baines breaks down the basics of individual tax, explaining concepts such as taxable income, PAYE (pay as you earn), dividends tax, etc. It also helps you navigate your way through your annual income return (ITR12) via eFiling. This book also covers a number of topics including tax deductions, medical tax credits, tax exemptions and capital gains tax.
One of the highlights of How to Get a SARS Refund is that it provides practical examples of concepts explained throughout the book. It shows how different aspects of tax fit together and how to calculate your tax liability. In addition, it shows you how to take advantage of admissable tax deductions, to get the most out of your tax return.
This book could save you a couple thousand Rand on your tax return by equipping you with the necessary skills and knowledge on tax.
Tax is an important topic that is entrenched in your life as a working adult. I, like many others, believe that tax should have been taught to pupils in high school already preparing for the working environment. This simple, easy-to-read book should definitely be used as a guide not only for adults in the working environment already but for those preparing for it too!
This book could save you a couple thousand Rand on your tax return by equipping you with the necessary skills and knowledge on tax. Baines’ chapter on tax deductions covers a wide range of topics including retirement annuities, pension funds, donations and home-office expenses. This 60-page book covers people across different age groups which makes it helpful to people throughout South Africa.
Overall, Daniel Baines’ How to Get a SARS Refund is a MUST-READ! It teaches you in a simple, effective way on the different aspects of tax, which is crucial to your life as a working adult!
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Disclaimer: This book was given to me for review purposes by the publisher, Penguin Random House. The views expressed above are my own and not those of the publisher.