Blogs on Assignments, Essays and Dissertations

QUESTION 1 (40 marks) Linda, a 68-year-old South African resident, has been a full-time employee at Aqua Limited (‘Aqua’) since 2005. She works at Aqua’s Gauteng branch. The following information relates to Linda’s 2024 year of assessment: 1. Linda earned a monthly salary of R57 000 from Aqua for the period 1 March 2023 to 29 February 2024 (247 working days). Linda was obliged to […]

Question 1 (51 marks) Blue Vido Pty Ltd (‘’Blue V”) has the following three (3) employees during the year of assessment ended 29 February 2024. Employee 1: 18 marks Andile Andile, 77 years of age, is a Senior Manager at Blue V, a small-medium sized manufacturing company in the center of Durban. He earns a monthly salary of R32 500 until 31 December 2023, when […]

QUESTION 1 (40 marks) Tech Innovators (Pty) Ltd (‘Tech Innovators’), incorporated in South Africa in 2005, is a local technology company that specialises in developing innovative software and hardware products. They offer a wide range of services, including software development, IT consulting, and hardware design. Tech Innovators has a February financial year-end. The company is not a small business corporation as defined for normal tax […]

QUESTION 1 (23 marks) Nkululeko (52 years old) is a South African resident. He works for Global Capital (Pty) Ltd as the financial manager and was employed for the full year of assessment. The following information relates to Nkululeko’s 2023 year of assessment: Use of laptop On 1 November 2022, he was provided with the use of a new laptop. He is allowed to use […]

QUESTION 1 (27 marks) Danny (46 years old) lives in Melbourne, Australia, and only holds an Australian passport. Danny has never been an ordinarily resident for South African income tax purposes. Danny works in the renewable energy field and travels worldwide for his renewable energy projects and research. Due to one of Danny’s project and research affiliates being situated in South Africa, he is required […]

Question 1 [34 marks] Read the scenarios below for the year ending 28 February 2023 and answer the following question. A. The following is the income statement of Axe Ltd for the financial year ending 28 February 2023: Sales from services rendered R950 000 Cost of services rendered R400 000 Other operating income R95 000 Exempt income R15 000 Operating expenses R300 000 Non-deductible expenses […]

Question 1 [20 marks] Client background: Ester Msimango, a South Africa resident, started working for Bow Transport 6 years ago. Ester failed to submit tax returns for 2020, 2021, and 2022. She only managed to submit her returns in the 2023 (current year) of assessment and has been assessed for a refund by SARS. However, because of outstanding admin penalties Ester cannot be refunded. The […]

QUESTION 1 (42 marks) Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 […]