In addition to deductions for individual drivers, economic incentives are increasingly available to the trucking industry as a whole. Trucking is not just a job, it is a profession, and treated as such by the Internal Revenue Service. ST. PETERSBURG, Fla. (PRWEB) February 15, 2021 If you are a truck driver, you are also a […]
Month: February 2021
What tax deductions can you benefit from if you work from home? Here’s everything you need to know
SAN MATEO, Calif. (KGO) — If you’re lucky enough to be working from home during the coronavirus pandemic, you might be wondering if you qualify for a tax deduction for extra expenses. The answer depends on your situation. Let’s say your office closed during the pandemic. So now you work from home. You buy a […]
Implications of changes to our tax laws
On January 20, 2021, President Cyril Ramaphosa approved sweeping changes to our tax laws. While some of these were administrative in nature, there have been three very significant changes that will affect most people in South Africa. Criminal proceedings for negligence Certain negligent errors or omissions on your tax return can now lead to criminal […]
Impact of the draft law on tax laws (amendment) (n ° 2), 2020 – Taxation
The Tax Laws (Amendment) Bill (No.2), 2020 (the Bill) was published in the Gazette with a view to making changes to various tax laws, as explained in more detail below. Once enacted, the bill will enter into force on January 1, 2021. However, we note that the National Assembly is currently suspended until February 8, […]