February is the month that those of us who are provisional taxpayers have to pay our second payment of the 2024 tax year. To avoid a penalty we are supposed to be within 80% of what your total income will end up being. And then of course you hopefully kept the cash aside to pay the state coffers.<\/p>\n\n\n\n
It is also the month to add a lump sum to your retirement annuity if you have not taken full advantage of your 27% allowance against your taxable income during the year. It\u2019s a worthwhile thing to do because you will reduce your taxable income and be saving more. If you are a monthly paye earner, you will get a present in the form of a refund later in the year when you do your tax return. But again, you will need the cash hanging around somewhere to do it.<\/p>\n\n\n\n
This is also the month for those of you who make use of a travel log for SARS – we must remember to write down the odometer reading on the 29th. (I see we\u2019re having a leap year this year)<\/p>\n\n\n\n
So it\u2019s a bookkeeping month for some of us.<\/p>\n\n\n\n
All the best to anyone swimming the Midmar Mile this weekend. There is a road around the dam that can be used\u2026. or you could take a canoe\u2026. or sail a boat. Says he who has swum about eight of them.<\/p>\n","protected":false},"excerpt":{"rendered":"
February is the month that those of us who are provisional taxpayers have to pay our second payment of the 2024 tax year. To avoid a penalty we are supposed to be within 80% of what your total income will end up being. And then of course you hopefully kept the cash aside to pay … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-183","post","type-post","status-publish","format-standard","hentry","category-weekly-thoughts"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/posts\/183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=183"}],"version-history":[{"count":1,"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/posts\/183\/revisions"}],"predecessor-version":[{"id":184,"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/posts\/183\/revisions\/184"}],"wp:attachment":[{"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}