Shareholder agreements, as the backbone of shareholder relationships, form a vital part of any company’s potential for stability, success and profitability. But what happens if your shareholder agreement conflicts with your company’s MOI (Memorandum of Incorporation)? Worse still, what if either of them are at variance with the Company’s Act? Which of the three takes […]
A properly drawn and executed will (your “Last Will and Testament”) is the only way for you to ensure that your loved ones are properly looked after once you are gone. Perhaps most importantly, only by making your own will can you specify who is to inherit what from you. But is your “Freedom of
Your Will: What You Can and Can’t Do Read More »
With SARS struggling to meet its revenue targets and individuals carrying the bulk of the tax burden, we can probably expect SARS to increase its audits of employees’ tax returns. Forewarned being as always forearmed, we discuss the implications for both employees and employers, with suggestions on how employers should have their employees handle queries
Be Ready For SARS Employee Audits Read More »
Here’s some good news on a win/win/win scenario for businesses (big and small), young work-seekers, and South Africa generally. Everyone will be happy to learn that government’s initiative to encourage increased youth employment, the Employment Tax Incentive or ETI (commonly also referred to as the “Youth Employment Tax Incentive”), has now been extended for ten
Youth Employment Tax Incentive Extended for Ten Years Read More »
The dreaded Tax Season is once more upon us, and you’ve probably picked up news of the increased R500,000 personal income tax threshold to replace the previous one of R350,000. What does that mean for you in practice and what are the limitations and provisos applicable? Be careful here – even if you qualify for
You accidentally pay a large amount of money to the wrong person. Or perhaps you overpay the right person. That sort of mistake happens all too often in these days of banking apps and online payments, and the question is – what can you do if the recipient point blank refuses to repay you? A
Accidentally Paid the Wrong Person? Lessons From a R862k Banking App Error Read More »
Solar power is often touted as a key factor in reducing the environmental damage we are inflicting on our environment. South Africans will also be looking for ways to reduce the very serious impact of loadshedding, which regrettably seems likely to continue plaguing both our business and personal lives for some time to come. The
Tax and Solar Energy Plants: Your Business Can Deduct the Costs Upfront Read More »
Small businesses face many challenges, not the least of which is the tax burden. Both our high tax rates, and the complexity of our tax compliance system, can be particularly hard on smaller and newer enterprises. Fortunately however, some relief is available to qualifying businesses in the form of both turnover tax for micro businesses,
Small Businesses: Make The Most of Your Tax Breaks! Read More »
“Houston, we have a problem”. It’s called Eskom, and plans for its rescue were a main focus of Finance Minister Tito Mboweni’s Budget 2019 Speech. Although we’ve seen the Eskom crisis coming for a long time, it could now be entering a critical phase. It’s important for us all to understand the consequences if Moody’s,
Budget 2019: Credibility Restored? Read More »
What happens when a trust’s trustees fall out and go to war with each other? If a polite request to the minority trustee to resign bears no fruit, can the majority forcibly remove him or her? And if so, must they have good reason to do so? First question of course is what the founding
Trustees at War: The Removal Remedy and Its Limits Read More »
