Tax Season South Africa 2015

Published: 1st July 2015
That's right folks, it's that time of the year again.. tax season! It's time to get our affairs in order and I've got some bits and pieces to share with you. You should have received an IRP5 from your employer, if not, request one right away. Also, make sure you get a medical aid certificate if you pay your own medical aid, any additional income streams, rental income accounts and tax certificates for any retirement annuities. To start off, I spoke with the Director of TaxTim, Evan Robinson. TaxTim is an online platform that assists people with doing their taxes. Let's face it, doing your taxes is quite a hassle and understanding everything is no easy feat. Evan and his partner created the website to help people with this and they've g...

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Momentum Financial Wellness Winners

Published: 26th May 2015
For those of you who follow my blog, you'll know that I did a series of posts as part of a campaign for Momentum. In this series I covered a number of their new financial products and it was all tied together with an opportunity to win some great prizes. I had such a great time reviewing their suite of tools as I believe that they are truly useful for anyone who wants to make sure that they're handling their finances correctly. The three winners who each won a R250,000 retirement annuity as well as a savings plan worth R30,000 are: Nkanyiso Ntanda, Mark Pillay, Dianna Kerruish. Just a quick refresher of the products that I reviewed during the campaign: MyScore – an online tool that tallies your financial wellness through a ser...

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Mentoring at Net Prophet Sparkup!

Published: 10th May 2015
Yesterday I had the privilege of being invest to be a mentor at the Net Prophet Sparkup! event. As a mentor, startup founders had 20 minutes each to talk to us about their business models and ideas, and in return we were to advise them on various matters and act as a sound board. The event was incredibly exciting and hugely inspiring, and ...

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Tax Free Savings Accounts: Facts

Published: 8th April 2015
Just over a month ago I published an article on the tax free savings accounts, which painted an initial picture of what they are about. From my research and having spent some time asking around I can tell that people are still not making use of these accounts and most of the reasons are due to a lack of understanding. Here are 5 facts about the tax free savings accounts: You can invest up to R30,000 per year and up to R500,000 i...

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Google’s Mobile Algorithm: What you need to know

Published: 1st April 2015
By now most people who run a website or are involved in digital marketing in any capacity would have read about Google's plans to launch an algorithm update towards the 21st of April this year. There have been a huge number of articles with different opinions about us, but at the end of the day there are also some facts and I want to try and demystify this somewhat. Last month, on the 26th of February, Google made an official announcement. In this announcement they stated that the change will affect mobile searches in all languages and across all countries. They went on to state that it will have a significant impact on search results as we know them. The important thing to note here is that Google have specifically said "mobile searches...

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IT3(b) Tax Certificate for Unit Trusts / ETFs

Published: 23rd March 2015
The world of tax is complicated and getting a thorough understanding of what you pay tax on is not a simple process. Furthermore, finding the most tax efficient way of doing things is even more complex and based on my research, to find someone to assist you is not going to be easy. Unfortunately, these aren't really topics I'm equipped to explain, perhaps one day I will be, but today I want to chat about something else. This evening I received an IT3(b) tax certificate for a unit trust account I have and a friend recently asked me about this so I wanted to do some research on the topic and explain as best as I can as to why you'd receive an IT3(b) tax certificate. Most people know that with Retirement Annuities (RAs) you get a tax break.. you'd fill this out when submitting to SARS or h...

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Meerkat: Eyes on the world

Published: 23rd March 2015
This weekend whilst cycling with some buddies, one of them told me about Meerkat. This morning my wife told me about Meerkat.. when various people start telling you about something and you log into Facebook and see it everywhere, it's a clear sign that it's something big. It's also a sign that you're late to the party, but let's not get into that ;) In short, Meerkat is a mobile application that lets you live stream what you're doing with a click of a button. In other word...

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Monitoring uptime with Uptime Robot

Published: 8th March 2015
When it comes to being responsible for a lot of websites, one of the most important things is ensuring that you're made quickly aware when a website goes offline. This may be so you can turn off an AdWords campaign, to avoid de-indexing matters or to just make sure that your website is online and ready for customers. At iMod Digital we make use of a really great free monitoring application called Uptime Robot. The premise is really straight forward: you enter in the website's address and Uptime Robot alerts you when a website goes down (and then alerts you when it comes up again). The website checks your site/s every 5 minutes so you can get notified really quickly. There is a...

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Tax Free Savings Accounts!

Published: 27th February 2015
With yesterdays budget speech came the announcement of something a lot of us have been waiting for: Tax Free Savings Accounts (TFSA). This is a really great initiative that is going to help the public with saving for retirement. The tax free savings account is exactly what the name says, you can invest your money in a vehicle and you won't pay dividend tax, interest or capital gains tax. That's pretty darn awesome! The only thing you'll pay is estate duties when you pass away. Everyone may invest up to R500,000 for their lifetime, with an annual limit of R30,000 which is roughly R2,500 per month. One of the most important things to note is that if you withdraw money from the account you won't be able to put it back again. The folks over at JustOneLap put together a nice infographi...

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Announcing: IFIII

Published: 26th February 2015
If you're a follower of my blog you'll know that I spend 90% of my time working on my company with a great group of people, but in the other 10% I like to build things. You'll also know that I've got a huge fascination with personal finance and the quest to retiring comfortably. I've written an assortment of blog posts on how I've done things, what I'm planning on doing and how I feel people should be doing it based on my research. A few days ago I received a call from a well-known radio station that wanted to interview me live on air to discuss my findings in the financial world. I was really excited but really sad to turn down the offer, I just couldn't commit as someone who has no qualification and therefore cannot legally give advise. I'm not quite sure on the legalities and the dif...

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