4 Mascodor Street,
Mossel Bay, 6500
|English, Afrikaans (in order of proficiency)
|082 829 8530
|086 515 0641
|Verified Professional Memberships
Chartered Accountant (SA)
Bachelor of Commerce and Honours from The University of South Africa
- Independent Regulatory Board of Auditors
- South African Institute of Chartered Accountants
FOCUSProviding Auditing, Accounting systems and Tax structuring to small & medium sized enteprises - prioritising professional and ethical principles
Strategy development, Valuations, Cashflow projections, Payroll, Monthly Bookkeeping, Taxation, Estate Planning, SARS Registrations, Trust Registrations, Company registrations & amendments.
EXTENSIVE INDUSTRY EXPERIENCE
Small & Medium Sized Enterprises in diverse fields from Hospitals, Hotels, Car manufacturers and others.
Greg is qualified as a Chartered Accountant and Auditor and has been working in the Auditing, Accounting and Taxation field for more than 20 years.
Fenns Incorporated is a International accounting and audit firm built on principles of professionalism and integrity; committed to the sustainable evolution and development of our staff and clients.
We focus on giving our clients professional service and advice.
We have offices in Johannesburg, Cape Town, Mossel Bay/George, Port Elizabeth and Mauritius.
We are able to provide the following range of services:
- Performance of general Accountancy work
- Calculation of VAT and PAYE
- Preparation of monthly budgets and reports
- Setting up of accounting systems
- Closed corporation and Company registrations
- Alterations to statutory information at the Registrar
- Performing the auditing function
- Internal audit procedures and system assessments
- Registration for income tax and provisional tax
- Completion and submission of income tax returns
- Income tax consultations and estate planning
|Average Hourly Fees
|R500 - R800
Please note that this is an indicative rate and may vary according to task. Please request a quote for exact amounts.
|Pastel, Quickbooks, Caseware, Microsoft.
|Number of staff
|21 - 50
MAXIMISE YOUR BUSINESS TRAVEL TAX DEDUCTION
“Without a logbook, you will not be able to claim a travel deduction.” (SARS Travel Logbook 2022/23)
Even while recovering from the economic impact of COVID and facing the challenges of power blackouts, businesses and their employees are also contending with the costs of travel that have reached historic highs. Thankfully, expenses related to business travel can be deducted from taxable income – reducing the tax liability for taxpayers, including businesses, employees, commission-earners and independent contractors. All these taxpayers should prioritise maximising the available tax deductions by ensuring they can claim for every actual business travel-related expense.
This is increasingly important given the rapidly rising costs of travel, fuel and vehicle ownership. Fuel prices have more than doubled over the last five years and continue to set new records. In addition, Wesbank recently reported that the monthly cost of vehicle ownership for an average entry-level vehicle is 33% higher than five years ago and has increased 32% between November 2021 and November 2022.
To claim any business travel expenses, it is compulsory to keep an accurate and up-to-date SARS-compliant logbook for each vehicle. In addition, there are other tax implications related to travel expenses, travel allowances and travel reimbursements, some of which are briefly highlighted below.
Claiming the business travel deduction – fast facts
How to claim a business travel tax deduction
Tax implications to beware of
To maximise the tax deductions related to business travel, make sure that an accurate and up-to-date SARS-compliant logbook is kept current for each vehicle and each employee with a travel allowance, and that you consult with your accountant to understand the many tax implications for all concerned before making decisions regarding business travel.