Latest news with #Nagy
The Citizen
2 days ago
- Business
- The Citizen
Tax season: Here is why you need to prioritise filing for returns
If taxpayers do not claim what they are entitled to, they are leaving money behind. When most people think of tax season, they often get a headache because they believe filing returns is a complicated process, and they decide not to file. Well, this is one of those things as an adult you should not pass on, because it will come back to bite you in the future. Taxpayers who decide to turn a blind eye to the tax season will be penalised, and whether they like it or not, the taxman will always have the last laugh, because they will need to pay for those penalties in the end. Ferné Nagy, executive financial advisor at ASI Financial Services, advises taxpayers to view tax season as an opportunity to take control of their financial story. Who should file for tax returns Tax season 2025 is scheduled to run until 20 October for non-provisional taxpayers and until 19 January 2026 for provisional taxpayers. If you are under the age of 65 and earned more than R95 750, you earned commission, freelanced, or side hustle income, sold assets with capital gains of more than R40 000, earned foreign income or held offshore assets worth more than R250 000, or received rental income or investment returns, then you are obligated to file for your tax return. All of these must have taken place between 1 March 2024 and 28 February 2025. Nagy says tax returns enable individuals to recover costs they have already incurred while earning their income. He warns that if taxpayers do not claim what they are entitled to, they are leaving money behind. ALSO READ: Sars makes changes to eFiling for easy use Tax return in the age of AI He adds that the South African Revenue Service (Sars) has made advances in automation through AI-powered auto-assessments. However, he warns taxpayers that auto-assessments are fast but not foolproof. 'Artificial Intelligence (AI) only sees what it's been fed. It cannot interpret your full financial picture like side hustle earnings, unreimbursed business expenses, or retirement top-ups. 'And when the data's incomplete, your return is too. Technology is a powerful enabler, but without human insight, it can cost you.' The catch in turning a blind eye Nagy adds that relying blindly on auto-assessments or ignoring your tax obligations can lead to costly mistakes, such as missed refunds or penalties. 'That is why being registered on eFiling and actively checking your return is so important. It gives you full control to make sure your return is accurate, complete, and truly reflects your financial reality.' Easy process The Citizen ran a test on how quickly it would take to file a return. Because eFiling's Wizard already had most of my information, I just had to answer yes or no to the questions, confirm my details, and enter the amounts I received during the tax season. All in all, it took less than 20 minutes. Within five minutes, my statement of account, detailing how much I will receive from the taxman, was available. However, the call centre is another nightmare. I had made a mistake first, and I needed clarity. I was on hold for 45 minutes, and I was still number 674 on the line when I gave up. If you need to call the call centre, the best thing to do is to request a callback. I'm not sure how long this would take. ALSO READ: Common pitfalls to avoid this tax season Fraud during tax season He adds that as filing becomes more digital, the stakes grow higher. 'Your tax return holds everything from your ID number to your income and banking details.' However, with cybercrime on the rise, thieves are not taking a break. 'According to Interpol, cybercrime costs the economy more than R2.2 billion annually due to the risks of data breaches, identity theft and financial fraud. 'This is where Sars eFiling becomes more than just a filing tool; it becomes your first line of defence.' The platform gives you full control to: Review your assessment Submit corrections Upload documents Track refunds Dispute errors Communicate directly with Sars Digital does not equal safety Nagy says people assume digital equals safe, which is not always the case. 'Security starts with how you use the tools. Cyber awareness is no longer optional; it's part of being financially literate.' Use strong, unique passwords for eFiling. Never click on Sars links in unsolicited emails. Always log in directly. Work with trusted financial professionals who prioritise data protection. 'Even if you were auto-assessed, you are still legally responsible for confirming that it is accurate. Accepting a flawed assessment could result in overpaying, underpaying, or triggering penalties down the line.' NOW READ: Estimated assessments: Sars's new 'cash-cow-grabbing' norm?
USA Today
4 days ago
- Sport
- USA Today
College football writer thinks new Oklahoma Sooners GM will be a home run
The Oklahoma Sooners made a very big hire this offseason when they brought in Jim Nagy as their new general manager. Nagy previously ran the Senior Bowl, but he's got plenty of experience in NFL circles and was a huge get for OU. Oklahoma needed a new general manager and a new direction when it came to player evaluation and player acquisition. Nagy offers both, as the Sooners have altered the way they view high school recruiting, NIL and the transfer portal in the months that Nagy has been on staff. The new GM has also shifted Oklahoma's front office model, making plenty of new hires this offseason. It was a bold move for the Sooners, but one that the program and its fan base are hoping will work out. After six straight conference titles and four College Football Playoff trips from 2015 to 2020, OU has fallen behind in the four years since, as the portal and name, image, and likeness have changed the game more than Oklahoma thought they would. The Sooners haven't played for a conference championship in the last four years, went through a coaching change, and haven't gotten all that close to the CFP. Nagy has been hired to fix all of that on the player acquisition side of things where Oklahoma has slipped behind the pack. He's also going to be managing the new revenue-sharing era of college football in the near future. Brad Crawford, who covers college football for CBS Sports, believes the Sooners nailed it with the Nagy hire and that things will pan out in a positive way for Oklahoma. He made one bold prediction for each SEC team this week and believes that Nagy will be tabbed as the conference's best offseason hire. How often does someone in an off-the-field role take center stage in the SEC? The general manager position is rapidly gaining importance in college football. We're likely to see that evolution accelerate this season, thanks in part to the success already shown by Oklahoma with the arrival of Jim Nagy. He brings nearly two decades of personnel and scouting experience to Norman, drawn from the NFL and his time as executive director of the Senior Bowl. Most importantly, Nagy is coach Brent Venables' designated talent evaluator -- tasked with managing the roster and identifying the right personnel fits for what Oklahoma wants to build on both sides of the ball. - Brad Crawford, CBS Sports. Nagy's talent evaluation skills and roster management will be put to the test in Norman. It's been a rocky stretch at OU over the past few seasons, but the Sooners swung for the fences with multiple moves this offseason, one of the biggest being the Nagy hire. College football has changed so drastically in the first half of the 2020s. It's no secret that things have slipped at bit at Oklahoma. Bring in Jim Nagy is OU's big move to make sure that they can get back to the top. Contact/Follow us @SoonersWire on X, and like our page on Facebook to follow ongoing coverage of Oklahoma news, notes, and opinions. You can also follow Aaron on X @Aaron_Gelvin.
Budapest Times
16-07-2025
- Business
- Budapest Times
Nagy: EU's preferential treatment of Ukrainian farmers is unacceptable
István Nagy, Agriculture Minister, said the European Union's preferential treatment of Ukrainian farmers, while neglecting the interests of its agricultural sector, was unacceptable, speaking to journalists ahead of a meeting of his EU peers in Brussels on Monday. 'This cannot be allowed. We will not allow it,' Minister Nagy said. He called out the European Commission for finalising the main points of a trade deal between the EU and Ukraine 'behind member states' backs' and said the resulting increase in imports of Ukrainian farm products would put European farmers in an 'extremely disadvantageous position'. 'We are committed to doing everything to prevent that agreement from entering into force,' he added. Minister Nagy said that, on the initiative of Hungary, the agriculture ministers of EU member states that share a border with Ukraine were calling on Brussels in a joint declaration to protect European farmers from a wave of Ukrainian farm products instead of defending the interests of Ukraine. Addressing the next long-term EU budget, Nagy said Hungary took the position that support for farmers should not be reduced. He added that area-based and investment subsidies needed to be maintained, supporting a resilient, competitive, sustainable, farmer-friendly and knowledge-based agriculture sector. Hungary insists on a separate budget for the farm sector, Minister Nagy said.
Budapest Times
14-07-2025
- Politics
- Budapest Times
Nagy: Member states press Brussels to put European farmers' interests first
Minister Nagy said the ministers were asking EU decision makers to protect local farmers from an "unrestricted flood" of Ukrainian farm products. Agriculture Minister István Nagy said the agriculture ministers of European Union member states that share a border with Ukraine are pressing Brussels with a joint declaration to defend the interests of European farmers, on the initiative of Hungary. In a Facebook post uploaded on Wednesday, Minister Nagy said the ministers were asking EU decision makers to protect local farmers from an 'unrestricted flood' of Ukrainian farm products. He added that an agreement on a 'drastic' increase in quotas on sugar, poultry, eggs, wheat and honey from Ukraine, reached 'behind member states' backs', was 'unacceptable' and called on Brussels to introduce a regional protection mechanism for local farmers that could be automatically triggered. The joint declaration signed in Budapest will be discussed at a meeting of EU agriculture ministers in Brussels on Monday, the Agriculture Ministry said in a statement.
Miami Herald
09-07-2025
- Science
- Miami Herald
‘Large'-eyed creature found in murky water of shrinking pond. It's a new species
On a floodplain in the Democratic Republic of the Congo sat a shrinking pond, doomed to eventually dry up. Inside its murky waters swam a scaly blue creature with 'large' yellow eyes. Something about it caught the attention of passing scientists — and for good reason. It turned out to be a new species. Béla Nagy and a team of 'colleagues from the University of Lubumbashi' spent seven years visiting rivers in southern Africa to survey 'seasonal' fish known as killifish, Nagy wrote in a study published June 30 in the peer-reviewed journal Ecology and Diversity. Native to Africa, killifish live in 'ephemeral wetlands' of the savanna, the study said. They have short lifespans to survive the 'periodic drying out of their natural habitats.' Every wet season, they hatch, breed and bury their eggs before dying off during the dry season in an annual cycle. During their 2023 surveys, researchers found a few unfamiliar-looking killifish, the study said. They took a closer look at the animals, analyzed their DNA and realized they'd discovered a new species: Nothobranchius katemomandai, or Katemo Manda's seasonal killifish. Katemo Manda's seasonal killifish are considered 'medium sized,' reaching about 1.7 inches in length, the study said. Males are 'robust,' while females are 'slightly more slender.' Both have 'short' heads with 'slightly pointed' snouts, 'slightly curved' teeth and 'large' yellow eyes. Males and females of the new species vary in coloring. Photos show the females, which have silvery gray scales, and the males, which have 'light blue' scales edged with 'red-brown.' Katemo Manda's seasonal killifish live in 'remnant pools in small ephemeral riverbeds,' the researchers said. These ponds are less than 3 feet deep, 'overgrown by grass' and murky. A few Katemo Manda's seasonal killifish were kept in an aquarium for 'observation of breeding behaviour and biology,' the study said. These fish were successfully bred, and their eggs were 'slightly oval.' Researchers said they named the new species after their friend Bauchet Katemo Manda, 'a professor at the University of Lubumbashi,' because he first discovered it and because of 'his dedication' to studying fish in the Democratic Republic of the Congo. So far, the new species has only been found at one site in the southern Democratic Republic of the Congo. The country is in central Africa and borders nine countries: Angola, Burundi, Central African Republic, the Republic of the Congo, Rwanda, South Sudan, Tanzania, Uganda and Zambia. Researchers considered Katemo Manda's seasonal killifish to be a vulnerable and at-risk species because of their annual life cycle, limited distribution and proximity to 'human populations.' The new species was identified by its DNA, coloring, body proportions and other subtle physical features, the study said. Nagy also discovered three more new species of seasonal killifish and one new species of lampeye fish.
