For those of you who don't believe it's possible to get blood out of a stone, your friendly taxman has a plan...
Not only has SARS proudly announced that
tax collection has increased, but to cheer us all up, the government department we all love is going to
tighten its tax collection laws. Apparently the aim is to target wealthy individuals who SARS reckons are costing the country millions of rands every year through tax evasion.
Still on the finance front, Amy Johnson shows you
four ways to keep up with payroll and tax law so you don't fall foul of the above-mentioned.
About your mobile phone... Fred Mitchell writes that while the only thing men will boast about as having the smallest has revolutionised the way we work and communicate, it has also become a new avenue for cybercriminals to relieve you of your cash before the taxman does. So beware...
viruses are now also infecting mobile devices.
On a much happier note, for those few remaining with money to spare after a round of price increases, our tame motoring editor, Henrie Geyser, has just the vehicle to which you can attach your e-tag. It's the new Mercedes B-Class, which Henrie gives an A for being
cute, cool, and connected - rather like Henrie himself, then.
Rod Baker, general manager: content
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A recently released World Bank report shows how countries can fight illegal logging through the criminal justice system, punish organised crime, and trace and confiscate illegal logging profits. 
Government has once again exceeded its revenue collection target for the financial year that ended on March 31, indicating an improved performance by the South African Revenue Service (SARS). 
The recent case of the Plattekloof resident, Harold Manus, whose life savings totalling R1m were allegedly stolen by his domestic worker of six years, highlights the fact that if consumers want to keep money, or other valuables, at home they must be stored in a locked safe and covered by a sound insurance policy, otherwise the loss will be unrecoverable. 
Non-profit organisations need to apply for exemption from paying dividend tax before 1 April 2012 or they might unwittingly lose out. So says Anna Vayanos who heads the BoE Private Clients Philanthropy Office. She says that this is another potential tax exemption available to NPOs provided that they have the appropriate approval from the South African Revenue Service. 
This article refers to Chapter 11 bankruptcy in the US, but the information and guidance it contains can be applied in any country, anywhere... Bankruptcy is bankruptcy - the trick is to avoid it in the first place, or, if you cannot, then take those actions that will ameliorate its affects as far as possible; hence, this article... 
The South African Revenue Service has vowed to enhance its tax collection laws in a renewed bid to target wealthy individuals who are said to be costing the country millions of rands every year through tax evasion. 
Telkom said on Friday that its results for year ended 31 March 2011 will be restated to reflect the entire investment in the Multi-Links business as a discontinued operation. 
President Jacob Zuma has invited BRICs countries at the bloc's summit in New Delhi to explore the investment opportunities that exist in South Africa's infrastructure development projects. 
The government has shelved plans to toll Western Cape highways, it was reported on Wednesday. 
