The 2018/2019 tax year sees important changes to how, as an employee, you can be reimbursed for your business travel expenses. Both employers and employees should know how they will affect you in practice. We discuss the three types of travel allowance, the new changes, the reasons why SARS has made them, and the administrative
The New Travel Allowances: How Do They Affect You and Are They Working? Read More »
As a Body Corporate trustee you will understand how important it is to collect arrear levies from defaulting owners. And of course as a section owner you have a personal stake in the process. When normal debt collection processes fail, what do you do? Sometimes it makes sense to apply for the debtor’s sequestration (just
Your Body Corporate and Arrear Levies: To Sequestrate or Not To Sequestrate? Read More »
With crime levels as they are, more and more of us rely on private security companies to protect us from the criminal elements that besiege us both at home and at work. What happens though when your security company lets you down? Can you sue? We discuss a case in which a butchery was burgled
Suing Your Security Company: The Case of a Burgled Butchery Read More »
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 »
