October 2018

SARS will be imposing administrative penalties from December 2018 for outstanding Corporate Income Tax (CIT) returns. Administrative penalties will be imposed on companies that receive a final demand to submit a return. In terms of Section 210 of the Tax Administration Act of 2011, non-compliance with regards to non-submission of required CIT returns may be …

Administrative Penalties For Corporate Income Tax (CIT) To Be Imposed Read More »

Both your company and you personally are put at risk if you fail to comply with the many fiduciary duties and statutory responsibilities imposed on you by the Companies Act. As part of managing that risk you should prioritise the preparation and retention of correct and accurate minutes of all your board and committee meetings. …

The Importance of Directors’ Meeting Minutes – “Who, What, Where, When and Why?” Read More »

Help your auditors to help you. Work together with them, and prepare properly. That’s the best way to maximise your audit’s value to you and to your business. Your goal is an audit which gives you assurance that your systems are sound and that your annual financials fairly reflect your economic position, whilst also containing …

Get the Most Out of Your Audit While Saving Cost Read More »