IF YOU'VE BEEN RELUCTANT TO FILE YOUR TAX return because you're low-key wondering why you're paying tax in the first place, Natasha Lorde the founder of Lorde Business Solutions and Tax Now Now, a tax tech company that helps individuals, businesses and trusts understand their taxes in under 10 minutes explains that it's not for altruistic reasons "such as viewing taxes as the fuel that powers our beautiful nation, or acknowledging that they fund the schools our children attend, the roads we drive on, and the hospitals we depend upon - and our role in contributing to South Africa's growth story, then certainly for selfish ones (a win is a win!)." Natasha, whose heart is set on helping folks create a better relationship with their taxes and finances through tailored solutions that fit everyone's dreams and goals, further explains that everything we build and purchase is jeopardized when we're not tax-compliant. "SARS lays claim to both our humble possessions and our luxuries, and everything in between. If we're truly invested in our growth, we must be keenly aware of what's required to protect and sustain it."
Glamour: Who should pay tax?
Natasha Lorde: The answer differs depending on how you're filing. For all the individuals out there (in 2024): If you're under 65, you get a break up to R95 750. For those aged 65 and older, it's even better at R148 217. And if you're 75 or above? R165 689.
This story is from the December 2023 - January 2024 edition of GLAMOUR South Africa.
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This story is from the December 2023 - January 2024 edition of GLAMOUR South Africa.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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