Making a loan repayable “on demand” is common amongst family members; think for example of parents making a loan to their student daughter, or of her lending money to a parent in need. It’s also used for loans between related businesses. But what does “on demand” really mean? Does it mean that the loan is […]
Lending Money Repayable “On Demand”: Beware Prescription! Read More »
You are a director of a company entering into a good, sensible property deal which you have researched thoroughly. So when you need finance from the bank and the bank says “sure, your company can have a R5m loan, just sign this personal suretyship here”, you sign. It’s only when everything falls apart down the
How to Escape from a Property Suretyship Read More »
Every day, it seems, we learn of yet another hack exposing our passwords and other private information to cyber criminals. Sometimes the hacks are international, sometimes local. But every time it happens, vast amounts of sensitive data end up in the wrong hands and we all of us need to take responsibility for reacting immediately
Have You Been Hacked? Check Now! Read More »
You are owed a fortune by a debtor who turns out to have nothing in his own name. But you find out that there are plenty of assets in his family trust, and you suspect that they are in fact his assets, hidden away from creditors like you. What can you do about it? A
Suing an Insolvent Debtor – Can You Recover from his Trust? Read More »
It has become a global phenomenon measuring Tax Freedom Day, the day up to which you work to pay your taxes – only after Tax Freedom Day do you start working for yourself. In 2018 it takes us South Africans 133 days or 39% of our working time to pay our taxes. Generally, the trend
When Do We Stop Working for SARS This Year? Read More »
Amazon is now regarded as the best company in the world – its market capitalisation is approaching R800 billion and its founder Jeff Bezos is the world’s richest man. Year after year in customer satisfaction surveys Amazon invariably comes out on top. Jeff Bezos recently shared Amazon’s secrets in his annual letter to shareholders. The
Lessons for Your Business: How Does the World’s Most Successful Company Keep Growing? Read More »
Life, as we all know, is full of risk. Things go wrong all the time, in business and in our personal lives. As Machiavelli pointed out 500 years ago “All courses of action are risky, so prudence is not in avoiding danger (it’s impossible), but in calculating risk and acting decisively”. We share some thoughts
Risk Management for Your SME Read More »
SARS has released a media statement on Bitcoin in which it states that people dealing in Bitcoins or other cryptocurrencies are subject to normal Income Tax law in terms of gross income, tax deductions or Capital Gains Tax. SARS are treating Bitcoin not as a currency but as an intangible asset. If you are in
Bitcoin is Taxable! Read More »
Have you joined, or been tempted to join in, the “Bitcoin frenzy”? If so, read on. Bitcoin and Ethereum are probably the best known of the cryptocurrencies, but (as at 10 April 2018) there were over 1,565 of them, and that number is growing. Whether Bitcoin and its cousins are good investments is a matter
Bitcoin and the Law – Is It Legal, What About Tax, and Can You Leave it to Your Heirs? Read More »
“Never take your eyes off cash flow because it’s the life-blood of business” (Richard Branson) The Companies Act is underpinned by the assumption of liquidity and solvency – directors and owners are mandated to ensure the business can meet all its short term obligations. The best way to achieve this is via cash flow. As
Practical Tips on Cash Flow Read More »
