Welcome to our Tax Logic-Models™
Tax is often seen in different ways within the business environment.
Sometimes people view it as a necessary evil, while others loathe it and believe that one should stay far away from it.
In South Africa it can be a difficult subject matter to master.
It gets complicated because the country has a system whereby the normal paradigms of finance are thrown out the window.
Income is not always seen as a gain or receipt that attracts tax, unlike in other countries.
What for one person gets taxed in their hand, may not attract any form of liability in another persons hands from a taxation perspective.
This may seem unfair but once one understands it it becomes a tool whereby financial gains can be achieved.
What makes this world more daunting is that there are various laws or what are known as ACTS that govern different aspects within business.
GG Logics believes that there is a lot to be said for
SEE IT
UNDERSTAND IT
IMPROVE IT
To help both business leaders and students to see the differences of how some of the rules work,
there are a series of models that have been designed to help users master this world in an effective way…
A mystery feared by many, and thought by many to have been created by government to increase the tax base.
Once understood and used intelligently creates many opportunities to reduce liabilities
Your company is making a profit. Now you need to decide is it better to take a salary or will it more beneficial to declare a dividend.
Understand how Dividend Tax reall works using the
.
Tax planning does not take place after the event!
Thandi wants to donate her house to her daughter to avoid it going into her estate. Is this legal and will she save tax?
See how this
illustrates the effects of donations on both the donor and the beneficiary
Taxpayers save money for the day that they can not work further. Retirement funding is created by many tax payers.
Some tax payers feel however that these are their funds and they should be allowed to spend them whenever they feel like it.
Certain tax payers feel that they earned the money through their own labour and they were taxed for that already.
These models help everyone see how it really works.
For some the scourge of VAT taxation is to be avoided at all costs.
They fell they pay enough tax already.
Other welcome it as a form of reducing costs and improve profitability.
Why this large difference in views?
Many do not understand how it really works. These models change that.