“XBRL” may sound like a new Star Wars Droid, but in fact it’s a global standard for exchanging and reporting business information, and our CIPC (Companies and Intellectual Property Commission) requires you to use it from 1 July for all Annual Financial Statements. Let’s take a look at how XBRL works, what its benefits are […]
Companies: “XBRL” is Coming Soon. What is it and Are You Affected? Read More »
Amazon is now regarded as the best company in the world – its market capitalisation is approaching R800 billion and its founder Jeff Bezos is the world’s richest man. Year after year in customer satisfaction surveys Amazon invariably comes out on top. Jeff Bezos recently shared Amazon’s secrets in his annual letter to shareholders. The
Lessons for Your Business: How Does the World’s Most Successful Company Keep Growing? Read More »
In the 2018 Budget Speech the Minister of Finance announced a VAT rate increase from 14% to 15% effective 1 April 2018. To assist you in preparing your VAT return (VAT201) submission, the South African Revenue Services (SARS) issued the attached guidance – click HERE to view.
VAT Rate Increase From 1 April 2018 Read More »
The new minimum wage provisions, originally due to start on 1 May but now reportedly facing delay due to the high number of submissions received from the public, will affect us all significantly. Assuming that the National Minimum Wage Bill’s provisions are enacted in substantially their current format, from implementation just under half of the
Minimum Wage Starts Soon: Make Sure You Are Ready Read More »
“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
From the Horse’s Mouth: House Sales and the VAT Increase Read More »
The “new” Companies Act of 2008 promised to place greater accountability and liability burdens on directors. This was in response to directors being given greater powers in the Act. Importantly, the Act does not distinguish between non-executive and executive directors. What is required of you as a director? A director is to act in
Directors: The Steinhoff Debacle Highlights Your Exposure to Personal Liability Read More »
We face mounting pressure to devote more and more of our busy lives (and more and more of our budgets!) to complying with all our tax obligations. The good news is that, whether you are individual taxpayer, an SME, or a large corporate, you have a chance to be heard. Take part now in SAICA’s
Taxpayers: Why YOU Should Participate in this Local Survey by SAICA Read More »
Firstly, a warning to anyone selling or buying property to/from a trust – have your lawyer check upfront that you are adequately protected by the terms of the sale agreement. The problem is that contracting with trusts has its own specific set of rules and, as a recent High Court case illustrates, standard sale agreements
Trustees: Your Risk of Personal Liability in Property Sales Read More »
“Honesty is the best policy” (Benjamin Franklin) Employees have a general duty to act loyally, honestly and in their employers’ best interests, and amongst other things that entails avoiding any possible conflicts of interest. A recent Labour Court decision confirms that any breach of this duty risks dismissal. A long-service municipal employee dismissed An employee
Employees be Warned! A Conflict of Interest Can Get You Dismissed Read More »
Getting payslips correct for your staff carries legal responsibilities for both you and the staff member. Payslips are of course often used in the public domain, such as for getting bank loans, and so they are a public reflection of your business. What to look for in a payslip There are many items to verify
Payslips Are Important! A Practical Guide to Getting Them Right Read More »
