As movie mogul Samuel Goldwyn is said to have put it “A verbal contract isn’t worth the paper it’s written on”. The problem with oral agreements is that they are open to misinterpretation, doubt, dispute and outright fraudulent denial. Rather record and sign everything even when (as is the case with most contracts in South
Property: Are Verbal Agreements Valid? Read More »
A properly drawn and executed will (your “Last Will and Testament”) is the only way for you to ensure that your loved ones are properly looked after once you are gone. Perhaps most importantly, only by making your own will can you specify who is to inherit what from you. But is your “Freedom of
Your Will: What You Can and Can’t Do Read More »
Forewarned is forearmed! Here’s another warning about cyber-scams in the property industry because the more they increase, and the cleverer they become, the more vital it becomes for you to be aware of them and to protect yourself from them. Remember that you become a prime target when you buy or sell property – the
Warning: Property Email Scams Surging Read More »
Your business could be in serious trouble if a shareholder suddenly dies, or if a key player in the business is disabled or dies. How can you manage these risks? A good start is to take out the correct insurance cover upfront. Appropriate policies can both reduce the risks to the business and provide financial
Don’t Let a Death or Disablement Destroy Your Business Read More »
This form is designed so that employers can easily reconcile their payroll taxes (PAYE, UIF and SDL). These taxes have proved difficult to reconcile and this redesigned form is intended to simplify this process. It is important to get this right to avoid paying penalties and interest. A significant step taken by SARS is that
SARS: Changes to the Employer Statement of Account Read More »
Here’s some good news on a win/win/win scenario for businesses (big and small), young work-seekers, and South Africa generally. Everyone will be happy to learn that government’s initiative to encourage increased youth employment, the Employment Tax Incentive or ETI (commonly also referred to as the “Youth Employment Tax Incentive”), has now been extended for ten
Youth Employment Tax Incentive Extended for Ten Years Read More »
Your “Last Will and Testament” could be the most important document you will ever sign because it’s the only safe way to ensure that your loved ones are properly provided for after you are gone. It’s essential therefore to put in place a will that complies with South African law. We’ll discuss the formalities required
Your Last Will: The Dire Consequences of Neglecting Formalities Read More »
The dreaded Tax Season is once more upon us, and you’ve probably picked up news of the increased R500,000 personal income tax threshold to replace the previous one of R350,000. What does that mean for you in practice and what are the limitations and provisos applicable? Be careful here – even if you qualify for
Inevitably, there will be times when one or more of a company’s directors are absent and have to miss board meetings – perhaps through illness, frequent travel, taking of leave etc. But the company’s operations must continue regardless, and to provide for those situations the Companies Act provides for the appointment of an “alternative director”
Companies: What is an Alternate Director? A Curious Role… Read More »
Running a business brings many rewards, but also a host of risks and challenges. One of the more common of those is internal fraud. It can devastate your business and its reputation, undermine staff morale and jeopardise relationships with your suppliers, your investors and the compliance authorities. The danger is that it can happen to
How You Can Detect Fraud in Your Business Read More »
