The recent devastating fires that have destroyed so many parts of the beautiful Knysna area have left many people homeless and without the possessions they have accumulated over many years.

Some items have sentimental value and these cannot be replaced however, most people were expecting to have homes and contents replaced by their Insurers.  What a shock for so many people who have now discovered that they are under-insured.

Impersonation of SAPS Officials, by Criminal Syndicates, claiming the false recovery of stolen vehicles:

Please be aware of the following scam, which has been active for approximately the past year, reported to the Insurance Crime Bureau by several member companies; recovery agents and tracking companies.

FIXTURES AND FITTINGS

TENANTS AND LANDLORDS

WHO IS RESPONSIBLE TO INSURE WHAT?

 

Whether you are a Building/Property Owner or a Tenant renting out space from a Third Party, it is very important to know who is responsible for the insurance in respect of fixtures and fitting and glass cover.

Poor communication from SARS when issuing assessments following an audit is causing confusion and frustration among taxpayers.

The purpose of a letter of audit findings is to give taxpayers advance warning of a potential tax assessment, and an opportunity to respond if they disagree with the SARS findings. This "opportunity to be heard" is particularly important in the context of tax because, once SARS has issued an assessment, the taxpayer is obliged to pay immediately, even if the taxpayer believes SARS is incorrect, because of the "pay now, argue later" rule. Read the full article here. 

If SARS can escape the obligation to give taxpayers an opportunity to be heard before having to pay, it makes a mockery of the supposed protections in the law. Make sure you stay protected with tax risk insurance.