Galbraith Rushby

Galbraith Rushby Accounting | Taxation Galbraith Rushby was formed by Jeneen Galbraith and Michael Rushby in 2006. All clients can and do meet directly with the partners.

The firm grew organically through word of mouth by maintaining high standards, personal service and that professional touch our clients have come to know. The firm started from Jeneen’s home and client numbers grew consistently and we then introduced staff to support the growth. We moved to Roodebloem Road in Woodstock in 2009 and our firm currently consists of 25 staff which makes us not too big to lose that personal touch and not too small to not be able to handle client’s affairs completely.

The 2026 tax filing season is around the corner. Is your diary ready?SARS has published the key filing dates for the 202...
18/06/2026

The 2026 tax filing season is around the corner. Is your diary ready?

SARS has published the key filing dates for the 2026 tax season, and early preparation remains one of the best ways to avoid last-minute stress, penalties and unnecessary delays.

Key dates to diarise:
▪️ Auto Assessments: 1 July – 12 July 2026
▪️ Non-Provisional Taxpayers: 13 July – 23 October 2026
▪️ Provisional Taxpayers: 13 July 2026 – 22 January 2027
▪️ Trusts: 13 July 2026 – 22 January 2027

If you receive an auto-assessment, remember that "auto" doesn't necessarily mean "accurate". It's important to review the information carefully and ensure all income, deductions and supporting information have been correctly reflected.

Whether you're an individual taxpayer, business owner, provisional taxpayer or trustee, now is a good time to start gathering the information you'll need.

Tax Tip TuesdayIf you receive an auto-assessment from SARS in July:✔ Review it carefully✔ Check your income details✔ Con...
16/06/2026

Tax Tip Tuesday

If you receive an auto-assessment from SARS in July:

✔ Review it carefully
✔ Check your income details
✔ Confirm your deductions
✔ Make sure your banking details are correct
Don't click "accept" without checking first.

Trustees, take note: SARS has moved from reminders to enforcement.For many years, trusts that fell behind on their tax c...
10/06/2026

Trustees, take note: SARS has moved from reminders to enforcement.

For many years, trusts that fell behind on their tax compliance often received reminders and opportunities to regularise their affairs. That landscape has changed.

SARS has begun issuing final letters of demand to trusts with outstanding tax returns, signalling a far more assertive approach to trust compliance. Trusts that fail to act within the prescribed period may face monthly administrative penalties ranging from R250 to R16 000 per outstanding return, with penalties continuing until the non-compliance is corrected.

Importantly:
✔️ All trusts are required to submit annual income tax returns - even dormant or inactive trusts.
✔️ Trustees are responsible for ensuring that trust records and tax affairs are up to date.
✔️ SARS is increasingly using third-party data and automated systems to identify non-compliance.

📌 Jeneen's take:
"One of the biggest misconceptions we encounter is that a dormant trust has no filing obligations. SARS has made it clear that this is not the case."

If you are a trustee, now is a good time to review:
• Outstanding tax returns
• Trust registration details
• Beneficiary information and IT3(t) reporting
• Whether the trust remains fit for purpose

The message from SARS is clear: trust compliance is no longer something that can be left until later.

May takeaway: Strategy beats reactionAcross May, one theme stands out:✔️ SARS is tightening compliance✔️ Tax efficiency ...
27/05/2026

May takeaway: Strategy beats reaction

Across May, one theme stands out:
✔️ SARS is tightening compliance
✔️ Tax efficiency still lies in structure
✔️ Planning beats last-minute decisions

Tax isn’t seasonal - it’s continuous.

Is Your Trust Compliant?From 4 May 2026, SARS has begun issuing automated penalties to trusts with outstanding income ta...
21/05/2026

Is Your Trust Compliant?

From 4 May 2026, SARS has begun issuing automated penalties to trusts with outstanding income tax returns - and the consequences escalate quickly.

Under the latest Public Notice, once a final demand is issued, trustees have 21 business days to comply. Miss that window, and monthly penalties apply until all returns are submitted.

🔺 Penalties range from R250 to R16 000 per month
🔺 Capped at 35 months per outstanding return
🔺 Interest accrues daily on unpaid tax

A few key reminders:
• All trusts must file annually - even if dormant or inactive
• Trustees can be held personally liable for non-compliance
• A trust must be formally deregistered with SARS to end obligations

Jeneen's take: "From a structuring perspective, it’s also worth revisiting whether a trust remains the right vehicle for certain assets. For example, the R3 million primary residence CGT exclusion (confirmed in the recent Budget) generally does not apply to property held in a trust."

If your trust is not up to date, now is the time to address it - before penalties begin to compound.

Tax Tip: Don’t Miss This💡 Medical expenses could reduce your tax — if claimed correctly.Keep your receipts.Understand yo...
18/05/2026

Tax Tip: Don’t Miss This

💡 Medical expenses could reduce your tax — if claimed correctly.

Keep your receipts.
Understand your limits.
Review before filing.

Business Owners: Quick Check-InAre you paying yourself efficiently?💡 Salary vs dividends can change your tax outcome.💡 S...
12/05/2026

Business Owners: Quick Check-In

Are you paying yourself efficiently?

💡 Salary vs dividends can change your tax outcome.
💡 Small adjustments = big impact.

SARS’ Employer Annual Reconciliation period runs from 1 April to 31 May 2026, requiring employers to submit accurate EMP...
07/05/2026

SARS’ Employer Annual Reconciliation period runs from 1 April to 31 May 2026, requiring employers to submit accurate EMP501 declarations with up-to-date payroll and tax information.

This is not only a tax deadline. It is a governance checkpoint.

Check:
▪ payroll records
▪ employee tax numbers
▪ PAYE, UIF and SDL accuracy
▪ internal sign-off processes
▪ whether your HR and finance records agree

Late, inaccurate or incomplete filings can create unnecessary exposure.

RA's vs TFSA's: It’s Not Either/OrBoth have a role in a well-structured portfolio:🔹 RA → immediate tax deduction🔹 TFSA →...
28/04/2026

RA's vs TFSA's: It’s Not Either/Or

Both have a role in a well-structured portfolio:

🔹 RA → immediate tax deduction
🔹 TFSA → long-term tax-free growth

The question isn’t which - it’s how much, and when.

Where SARS Shows Little SympathyThere are three areas where SARS consistently applies pressure:• Late submissions• Under...
24/04/2026

Where SARS Shows Little Sympathy

There are three areas where SARS consistently applies pressure:
• Late submissions
• Underestimated provisional tax
• Undeclared foreign income

These aren’t new - but enforcement is sharper.

Planning early avoids explaining later.

Address

89 Roodebloem Road, Woodstock
Cape Town
7925

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00

Website

Alerts

Be the first to know and let us send you an email when Galbraith Rushby posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Galbraith Rushby:

Shortcuts

Share