Chris Fick & Associates

From the horse’s mouth: House sales and the VAT increase

“If you hear something (straight) from the horse’s mouth, you hear it from the person who has direct personal knowledge of it” (Cambridge Dictionary) We all know by now that the VAT rate increased from 14% to 15% on 1 April. How does that affect your residential property sale/purchase? We are talking big money here […]

When crime doesn’t pay: VAT fraudsters behind bars for 25 years

“The difference between tax avoidance and tax evasion is the thickness of a prison wall” (Denis Healey) In a strong warning to would-be tax fraudsters, the High Court has sentenced three company directors to effective sentences of 25 years’ imprisonment each. The three were convicted of fraud, forgery, uttering and money laundering involving R216m in […]