As a director you have both the power and the duty to manage your organisation in its best interests. What happens though if you need to consider the possibility of retrenching staff for operational requirements? How does that tie in with the very extensive rights afforded to your employees by our labour legislation? A recent
Employers – Need Reducing Staff Conflict With Employee Rights? 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 »
Government has “cried wolf” on the AARTO demerit system so many times now that many of us have lost sight of just how seriously it will affect us when it finally comes into force. Now the wheels of implementation are turning – fast. It’s time to prepare! The fact is that every motorist, every vehicle
What causes dishonesty in businesses? It’s an important question, with one survey showing that a whopping 41% of staff in a particular company had observed unethical behaviour over a 12 month period. That despite the common perception that most people are inherently honest. Of course a lack of ethical or unlawful conduct is the last
Companies: Don’t Inadvertently Encourage Unethical Behaviour Read More »
As a director, you are held by the Companies Act to high standards of conduct, not to be taken lightly. Now the CIPC, despite often being perceived as having no more than an administrative and recording function, is showing that it has teeth and that it will use them. We look at how the CIPC
The CIPC Is Taking On Wrongdoing by Directors – A R4.3bn Example 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 »
Issuing accurate tax invoices is vital, but the reality is that every now and then errors will inevitably creep in. It has always been possible to issue credit or debit notes to correct calculable errors. But, because the VAT Act prohibits the issuing of more than one tax invoice per taxable supply, until recently there
VAT Taxpayers: New Relief on Correcting Tax Invoices Read More »
by Sable International in South Africans Abroad Expat tax has received a lot of media coverage of late, with some polarised views from professionals even within the same industry. This has led to a lack of clarity and a lot of confusion. South Africans living overseas are concerned that they are facing an ever-growing tax
Companies need to take note of a new warning from SARS that it will be imposing administrative penalties from December 2018 for outstanding Corporate Income Tax (CIT) returns. Until now, penalties have only been imposed for failure to lodge personal returns. The penalties, says SARS, “range from R250 to R16,000 per month that non-compliance continues,
Beware the New Corporate Income Tax Penalties! Read More »
There are only run-of-the-mill tax deadlines for November but companies need to take note of a new warning from SARS that it will be imposing administrative penalties from December 2018 for outstanding Corporate Income Tax (CIT) returns. Until now, penalties have only been imposed for failure to lodge personal returns. The penalties, says SARS, “range
Beware the New Corporate Income Tax Penalties! And Your Tax Deadlines For November Read More »
