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Tax Shop Accountants Linden -incl Parkhurst & surrounds

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Tax Shop Accountants Linden -incl Parkhurst & surrounds

Keep your taxes and financial affairs in order with our qualified tax specialists and accountants

tax services, tax advice, tax return completion & submission, financial statements, management reports, accounting services, business advisory services

16/07/2026

Tax Season 2026 is officially underway. Avoid the deadline rush and ensure a seamless submission by gathering your documentation early.

Managing your tax compliance doesn't have to be stressful. For expert assistance with your submission, contact The Tax Shop Accountants Linden & Parkhurst,
084 363 2088 or [email protected]

08/07/2026

Wondering why your 2026 tax refund feels a bit light—or why you suddenly owe SARS money instead? If you accessed your retirement savings under the new legislation this past year, that is likely the reason. While the Two-Pot system is helpful for emergencies, the tax side of things is catching many people off guard this season because 2026 is the year SARS actively reconciles these amounts.

The most important thing to understand is that SARS views any money you take out of your savings component as part of your total gross income for the year, meaning it is taxed at your normal marginal rate between 18% and 45% rather than a special retirement rate. This creates a "top-up" effect where the withdrawal is added to your salary and can potentially push you into a higher tax bracket altogether. If that happens, you end up paying more tax on every Rand you earned throughout the year, not just on the money you withdrew.

If your fund administrator deducted tax at an estimated rate that turned out to be too low once your total annual income was calculated, or if the extra income bumped your bracket, that difference must be settled now during the filing season. Before you submit your return on eFiling, make sure you have your tax directives and statements ready, and ensure your withdrawal is correctly reflected to avoid any unexpected penalties.

Contact The Tax Shop Linden & Parkhurst for professional guidance:
084 363 2088 [email protected]

01/07/2026

Tax season doesn't have to be a stressful time of year.

As registered SAIT and SARS Tax Practitioners, at Tax Shop Accountants Linden -incl Parkhurst & surrounds we provide professional short and long-term tax planning tailored to your specific financial needs.

Whatsapp 084 363 2088 or email [email protected] for an obligation-free quote.

23/06/2026

SAVE THE DATE - Tax season 2026 opens on 1 July!
Get ready to file your taxes with Tax Shop Accountants Linden -incl Parkhurst & surrounds

➡ Auto-Assessments: 1 July to 12 July 2026.
➡ Non-Provisional Individuals (Salaried Employees): You have until 23 October 2026 to file.
➡ Provisional Taxpayers (Self-employed/Commission earners): You have until 22 January 2027 to file.
➡ Trusts: The submission deadline is 22 January 2027.

Avoid late filing penalties and get expert assistance with your tax returns!
Contact The Tax Shop Linden today to get your taxes started!
Whatsapp 084 363 2088 or email [email protected] for an obligation-free quote

18/06/2026

If you find yourself owing money to SARS, the worst thing you can do is wait for them to take action; instead, you should take advantage of the formal debt relief options available to help manage your cash flow. There are several ways to settle your debt legally and avoid harsher collection measures:

➡ Payment Arrangements: You can apply to pay your tax debt in monthly instalments over a set period. This is usually done via eFiling and requires you to prove that you genuinely cannot pay the full amount immediately.

➡ Compromise of Tax Debt: In cases of extreme financial hardship, SARS may agree to "write off" a portion of your debt if it is clear you will never be able to pay the full amount. This requires a deep look into your financial records.

➡ Deferral of Payment: You can request to delay your payment for a short period if you are facing temporary cash flow issues but expect to have the funds soon.

➡ Voluntary Disclosure Programme (VDP): If you have unpaid tax that SARS doesn't know about yet, you can come forward voluntarily. This helps you avoid criminal prosecution and can significantly reduce the penalties you would otherwise face.

Applying for these options requires detailed supporting documents like cash flow forecasts and bank statements to prove your financial position. Because the application process is strictly regulated, you should consult your tax practitioner to ensure your request is structured correctly and has the best chance of being accepted

For assistance with your taxes, contact
The Tax Shop Linden & Parkhurst
084 363 2088 [email protected]

10/06/2026

Selling your home just got a bit more rewarding. From 1 March 2026, the Capital Gains Tax (CGT) exclusion for your primary residence has increased from R2 million to R3 million. This means the first R3 million of profit you make when selling your main home is now tax-free, provided the sale is concluded on or after this date and the property is used primarily for domestic purposes.

This benefit applies to your dwelling and up to 2 hectares of land, though any land exceeding that size or portions of the home used for business—like a home office or Airbnb—will require the tax break to be apportioned. Keep in mind that this exclusion is only available to individuals and special trusts, meaning homes held in standard trusts or companies do not qualify for this specific relief. Because property tax can be complex, it is vital to consult with a tax practitioner to understand how your specific ownership structure will affect your tax liability.

Need assistance with your taxes? Contact The Tax Shop Linden on 084 363 2088 or [email protected]

02/06/2026

SARS is significantly tightening its approach to debt collection, and it is important to understand how these powers affect you. Under Section 95 of the Tax Administration Act, if you fail to file a return or provide incomplete information, SARS can now issue an "estimated assessment" based on the data they have available. This estimated amount becomes a debt that is immediately due and payable to SARS. Even if you disagree with the calculation and begin a formal dispute, the "pay now, argue later" rule means SARS can still take steps to collect the money, such as instructing your bank to garnish funds directly from your account.

To protect your cash flow and avoid further penalties, the most effective action is ensuring all your returns are filed accurately and on time. Because these collection actions can be sudden and severe, you should consult a tax practitioner to navigate the dispute process and protect your interests.

Contact The Tax Shop Accountants Linden for an obligation-free quote.
WhatsApp 084 363 2088 or email [email protected]

21/05/2026

Changing careers is a bold move, but the financial transition requires more than a leap of faith. Before handing in your notice, consider these essential fiscal factors to ensure your fresh start is a success:

👉Mind the Bracket: A salary increase could push you into a higher tax bracket, while a pay cut requires a total reassessment of your net cash flow and retirement contributions

👉The Lump-Sum Trap: Pro-rata bonuses or leave pay-outs are often taxed at your previous higher rate, which can impact your cumulative liability for the year.

👉Preserve Your Future: Resist cashing out pension or provident funds. Transferring them to a preservation fund avoids an immediate, heavy tax bill and keeps your investments intact.

👉Benefit Audit: Switching to freelance or remote work shifts the responsibility for tax and UIF entirely to you.

Plan your numbers as carefully as your new path!

For assistance with your personal taxes, contact Tax Shop Accountants Linden -incl Parkhurst & surrounds : 084 363 2088 [email protected]

19/05/2026

Are you truly productive, or just incredibly busy?
In the world of service-based business, there is a massive difference between the two. We often find ourselves caught in the "hidden grind"—those labour-intensive, high-effort tasks that are vital to a project’s success but completely invisible to the client. Because clients value the final result rather than the process, these unbillable tasks can quickly drain your time and profitability if not managed correctly.
In his article, “Invisible Work: 3 Labour-Intensive Things Customers Will Never Pay For”, Bernard Schoeman guides professionals to recognise three main unbillable burdens:

1.The Administrative Labyrinth: Getting lost in a maze of excessive record-keeping and self-imposed red tape that creates a drag on your momentum.

2.The Over-Servicing Illusion: Wasting time on unrequested "extras" and flourishes that the customer doesn’t actually value or pay for.

3.Communication Clutter: Endless email chains and recurring meetings that feel collaborative but rarely generate actual results.

The most important skill for any professional is learning to say "no" to the work that doesn’t add real value. Identifying these invisible burdens is the first step toward reclaiming your schedule and ensuring your business stays profitable, not just occupied.

14/05/2026

Following the 2026 National Budget, the South African Revenue Service (SARS) has implemented significant changes to the VAT registration thresholds. If your turnover has shifted, your compliance obligations may have changed as well.
Here is what you need to know about the new thresholds effective from 1 April 2026:

Compulsory Registration: The threshold has increased from R1 million to R2.3 million. If your taxable supplies exceed this amount in any 12-month period, registration is mandatory.
Voluntary Registration: The minimum threshold has increased from R50,000 to R120,000. Businesses earning above this amount but below the compulsory limit may choose to register.
Navigating these changes is essential to ensure your business remains compliant and avoids unnecessary penalties.

Contact The Tax Shop Linden & Parkhurst for professional guidance:
084 363 2088 [email protected]

Address

The Tax Shop Accountants Linden 1A Fourth Street
Parkhurst
2193

Opening Hours

Monday	09:00 - 17:00
Tuesday	09:00 - 17:00
Wednesday	09:00 - 17:00
Thursday	09:00 - 17:00
Friday	09:00 - 16:00

Website

https://taxshopservices.co.za/

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