Interesting facts to manage your tax affairs
Interesting facts to manage your tax affairs
14 Oct 2025
Here’s an interesting fact:
Over 60% of small businesses and individuals overpay on their taxes each year — often because they miss deductions, credits, or fail to plan properly.
Proper tax management isn’t just about compliance—it’s a wealth-saving strategy. Even small improvements, like tracking deductible expenses or optimising tax timing, can save thousands of rands annually.
Some insights:
Early & Continuous Planning
Proactive planning beats reactive filing: Businesses that plan taxes throughout the year reduce liability and avoid surprises.
Fact: Tax experts say that most tax-saving opportunities are missed when planning is left until year-end.
How to apply:
Track income, expenses, and deductions throughout the year.
Forecast tax liabilities bi-annually to avoid surprises.
Maximise Deductions & Credits
Fact: Over 60% of taxpayers miss valuable deductions or tax credits.
How to apply:
Identify all eligible deductions (home office, business expenses, education, healthcare).
Explore tax credits (energy efficiency, child care, R&D for businesses).
Keep meticulous records and receipts—digital or physical—for easy claims.
Invest in Professional Guidance
Use of professionals: Hiring a tax advisor often pays for itself multiple times over in savings.
Fact: Studies show that businesses and individuals using tax professionals often save more than the cost of hiring them.
How to apply:
Hire a professional for tax planning, complex filings, or audits.
Use tax software combined with expert review for accuracy and optimisation.
Stay Compliant & Avoid Penalties
Fact: SARS penalties and interest can accumulate quickly if filings are late or inaccurate.
How to apply:
File on time and pay estimated taxes bi-annually if required.
Keep documentation organised for audits.
Understand tax law changes annually to remain compliant.
