All employers – whether individuals or businesses – must be registered for COIDA, which aims to provide all employees with access to compensation if they contract an illness, suffer a disability or die while at work. To maintain COIDA good standing, every employer is also required to submit a Return of Earnings annually. The deadlines
Employers: Your COIDA Return of Earnings Deadline is 30 June 2024 Read More »
Your will is probably the most important document you will ever sign, and a recent Supreme Court of Appeal (SCA) decision confirms once again how critical it is to ensure that it is professionally drawn to reflect your wishes clearly and unambiguously. Let’s explore the legal principles involved and the “golden rule of interpretation” in
In the Land of the Will, Clarity is King Read More »
It’s been a year since 24 May 2023 when company directors and members of close corporations became obliged to lodge a Beneficial Ownership Register plus supporting documents with the Companies and Intellectual Property Commission (CIPC) – which also needs to be maintained, updated timeously and confirmed annually. Since all entities should have lodged this register
Beneficial Ownership Registers – Now Mandatory with CIPC Annual Returns Read More »
Employers have only until 31 May 2024 to submit their Annual Reconciliation Declarations for the period 1 March 2023 to 29 February 2024. This is a focus area for the South African Revenue Service (SARS), not just to ensure employer compliance, but also because it ultimately enables SARS to issue individual taxpayers with income tax
Your Employer Annual Declaration is Due by 31 May Read More »
Many bitterly-contested court battles between employers and their employees could have been avoided if the employers in question had, when drawing up their employment contracts, addressed the question: “Who owns something invented by my employee?” It’s the sort of thing that’s easily overlooked, but as the widely-reported “Please Call Me” court case saga shows, huge
Who Owns Your Employee’s Invention? Lessons from the “Please Call Me” Saga Read More »
With so much of the population now working remotely as contractors or freelancers, the traditional employer/employee model is being scrutinised more closely than ever before. While considered a classic form of doing things, there is little doubt that the full-time employee still has much to offer a company, in the right circumstances. Deciding when to
Freelancer vs Employee: How to Decide Read More »
With a valid tax certificate from a qualifying PBO, taxpayers – companies and individuals – can get a tax deduction for donations made. New requirements for both valid tax certificates and PBOs have been implemented by SARS, the most recent being effective from 31 May 2024, affecting both PBOs and their donors. Before donating to
Donating to a PBO? Check SARS’ New Requirements (and PBOs Note Your New 31 May Deadline) Read More »
Our criminal courts report a new surge in a particular type of workplace monetary crime – serious thefts and frauds by those in the most trusted financial positions such as accountants and bookkeepers. Some of the amounts involved are mind-boggling. If you fall victim to such crime, what should you do? Lay charges? Institute disciplinary
You Can (and Should) Both Discipline and Prosecute Thieving Employees Read More »
On the surface buying into a small business can seem easy. There aren’t a lot of laws to negotiate, and payment can often be done in a single cash-based transaction. However, there are a lot of hidden pitfalls that could make this one of the worst decisions of a person’s life. This is why investment
Things to Look for When Buying a Small Business Read More »
There were few surprises and little in the form of good news in Budget Speech 2024. Although there were no major tax proposals and no major tax rate hikes announced, individual taxpayers will bear the brunt of a R15 billion Budget shortfall, while multinational corporations will pay a global minimum corporate tax, and plans are
Budget 2024: How It Affects You and Your Business Read More »
