It’s a depressing thought, but a reality we have to live with – none of us can ever be sure when we are going to die. That’s why even in the best of times having a valid and fully updated Last Will and Testament in place is essential to ensure that your loved ones are
In Times of Great Change, Make Sure Your Will is Updated! Read More »
Being suddenly subjected to a SARS “Lifestyle Audit” is a nerve wracking business with the risk of penalties of up to 200%, backdated interest, and criminal prosecution. What external sources of information does SARS have access to? How does SARS select targets for lifestyle audit? If you are unlucky enough to be selected, what will
Be Ready for a SARS Lifestyle Audit Read More »
Your focus as a director right now will no doubt be on keeping your business afloat through these trying times. Don’t lose sight however of the fact that the onerous obligations and duties placed on all directors by the Companies Act still apply. Failure to live up to the required standards exposes you not only
COVID-19 and Directors: Your Duties and Liabilities in the Coronavirus Crisis Read More »
The National Lockdown, due to end at the end of April, presents businesses of all sizes with an unprecedented set of existential challenges. Of course sooner or later this crisis will end, but for now it is a case of survival for many businesses, and particularly for those smaller enterprises forced now to close up
COVID-19 Lockdown: Relief Programs for Businesses and SMMEs Read More »
UK Revenue officials recently released some entertaining excuses from taxpayers: One taxpayer claimed their mother-in law was a witch and had cursed them. Some said that hamsters and dogs had eaten the post. A taxpayer was up a mountain and without internet access. Some strange expense claims were received, such as pet food for a
On a Lighter Note – Some Entertaining Tax Stories Read More »
Cyber criminals are daily finding new and inventive ways to breach our online defences, to hack our websites, to defraud us (and our customers, suppliers, employees and families), and to generally force us to spend more and more valuable resources on protecting ourselves. The question is, are passwords still the answer? We start off with
Is Passwordless Authentication the Next Big Step? Read More »
No one knows for certain just how serious the eventual economic fallout from the COVID-19 coronavirus pandemic will be, but at the very least businesses will face their most challenging times since 2008. Quite possibly it will be a lot worse. For the moment you will want to concentrate on business survival, to which end
Businesses: How to Survive the Coronavirus Panic Read More »
Dear Clients, Please find attached (see links below) the Media Statement and Explanatory Notes regarding the COVID-19 tax relief measures announced by the President last week. Somaya Khaki (Project Director: SAICA TAX) has prepared the below summary, but there are obviously important details in the attached documents. It is unclear as to when comments are
Tax Relief Measures Read More »
UIF BENEFITS The Minister of Employment and Labour has announced measures that the Department will put in place as required under the current special circumstance relating to the Corona virus (COVID-19) and its impact on UIF contributors. The Unemployment Insurance Fund will compensate affected workers through a new “National Disaster Benefit” and the existing Illness,
Lockdown Guide for Employers Read More »
SMMEs (Small, Medium and Micro-Enterprises) play an integral role in our economy, and it is alarming therefore to read recent research showing that a massive 70% – 80% of South African small businesses fail within five years. Why the high failure rate? What factors contribute to the success or failure of small businesses? Why are
Small Businesses: How to Survive and Thrive Read More »
