Dear Subscriber,

I read an email sent by a friend, and the words rang so true. There is not a single woman out there who has not struggled to overcome difficulties at some point in her life. As women we all face challenges and discouragement. We need to recognize that challenges are part of our journey, they should never stop us, and we should never give up. With every challenge we become wiser and stronger and more prepared for the rest of our journey. I hope all the wonderful women out there had a fantastic woman's day.

For those of you who were expecting to do your tax returns on the SARS eFiling website, the South African Revenue Service (SARS) has announced a delay in the launch of the online tax filing facility, after pilot tests revealed system flaws.

SARS say they are expect the eFiling facility to be functional by next week. A staffer at business day has provided a full write up on the delay of this online system. Read the full story here.

This seems to be an era of delays and strikes. First was problem's with Eskom, then strikes in the education sector, then more unions started to strike and things started becoming very scary with the shortage of petrol. Now don't be packing up your bags wanting to leave the country just yet, in an article titled : SA starting to reap economic benefits on the  South  Africa  Good  News website, South Africa has

started to reap the benefits of sustained sound macroeconomic management and structural reforms, according to the International Monetary Fund's 2007 Article IV Staff Report on South Africa.

According to this report, the South African economy has experienced 'vigorous growth', rising employment, strengthening asset prices and rising international reserves. The overall outlook for the South African economy was 'broadly positive', said the IMF's Executive Board. You can read the rest of this article on the http://www.sagoodnews.co.za website.


Tax Issues
In the final part of the series on the 7 habitual tax mistakes businesses make, tax attorney Kerry Watkin will discuss objecting to an assessment. The question was why it would be a mistake for a company's tax manager, or in fact its tax team to object to an assessment? Click here for a summary of the full interview. Tax Issues is broadcast on Summit TV (DSTV channel 55) at 20h40 & 22h40 on Wednesday evenings and at 7h30 on Thursday mornings.

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Till next week.
Janine Connor
Head of TAXtalk

Frances Louw Chartered Accountant

An enquiry into a taxpayers affairs usually starts with an information request from SARS. Taxpayers must ensure that SARS follows the correct procedures from the outset of the enquiry.

Mail & Guardian Online

South Africa will not impose a windfall tax on synthetic fuel producers such as Sasol and PetroSA, the National Treasury said on Monday.

eTaxjobs is a global job portal exclusively for tax professionals, and an online resource for employers and recruitment firms to advertise their vacancies. eTaxjobs operate in the UK, Europe, USA, Canada, Australia, New Zealand, Africa and around the World.

Available tax jobs for this week are:

• Senior Tax Manager/Director, Middle East
• International Tax Manager, Dubai
• Transfer Pricing Manager, Singapore
• Manager, M&A Tax, Deloitte, London, UK
• Global Transfer Pricing Opportunities, PwC

Saul Geffen, MortgageSA - ITI News

Surge in property values across South Africa`s prime suburbs may create a CGT dilemma. Before deciding to dispose a property, sellers should take Capital Gains Tax (CGT) into account, as this is one of the most important stages to consider before putting a property up for sale.

Interview with Kerry Watkin, Tax Attorney

Tax attorney Kerry Watkin discussed the final of seven habitual tax mistakes businesses make on Tax Issues. The subject dealt with objecting to an assessment.

SARS

The SARS (South African Revenue Service) published an information pamphlet for consumers detailing 10 steps to simpler filing. According to SARS these steps are:

TAXtalk invites you to write an article in which you share your views and expertise on tax. Your article can be published in the newsletter for 7000 readers to view, on our website for over 100 000 viewers to see and in the TAXtalk magazine(with your photo) for more than 16 000 readers to read. Make an impression, submit your article NOW.

Article Requirements:
1 Page Article : 900 words  1½ Page Article : 1350 words  2 Page Article : 1800 words
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Submit your article to: janine@taxtalk.co.za or post it to: (P.O Box 1650 Gallo Manor 2052)