There has been uncertainty for some time as to whether employees’ tax (PAYE) should be deducted from payments made to Non-Executive Directors (NED’s) for the services they perform. There has also been debate around whether NED’s should charge VAT for their services. The Minister of Finance undertook to clarify this in the February 2016 Budget […]
Non-Executive Directors: Income Tax and VAT Implications Read More »
The mid-May WannaCry “ransomware” virus affected more than 100 countries, including South Africa. It showed that these types of attacks can be spread incredibly quickly and that we can expect similar incidents in the future. And experts warn that a new cyber-attack (“Adylkuzz”) is already underway. What should we do to protect ourselves? Old software
Lessons from the WannaCry Ransomware Attack Read More »
“The secret of getting ahead is getting started” (Mark Twain) That’s great advice from Mark Twain, so if you are sure that you are cut out for the exciting, hurly-burly life of an entrepreneur, and if you have a viable business concept, take advice now on how to get started. In our previous article in
Starting a Business? The Business Trust Option Read More »
“… The difficulty experienced by bodies corporate in collecting arrear levies is not a novel one. It is part of a ‘socio-economic problem’” (extract from judgment below) Levy collections are the life blood of sectional title schemes, and collecting them is likely to get harder with the economic fallout from our downgrade to junk status.
Collecting Arrear Levies: A New Risk for Your Body Corporate Read More »
Events have moved swiftly – on 31 March the Minister of Finance and the Deputy Minister were axed. Ratings agencies Fitch and S&P downgraded South African debt to junk status the next week. Why the muted response? In December last year when Mr. Nene was replaced as Finance Minister, it appeared we had fallen off
Junk Status Is Now a Reality – How Will It Affect Us? Read More »
Two months ago we wrote about how the Tax Ombud was now more independent of SARS and it hasn’t taken the Ombud long to flex these powers. Over half of complaints received by the Ombud relate to the long time taken to get refunds to taxpayers. This relates to both Income Tax and VAT. The
Are You Battling to Get a Tax Refund? Tax Ombud To Investigate SARS Systems Read More »
The Compensation for Occupational Injuries and Diseases Act (COIDA) is a statutory insurance policy for your employees and pays them compensation if they are killed, injured, disabled or contract an occupational disease or illness whilst at work. Employers are required to submit an annual return which is due on 31 May this year. The return
It’s COIDA Time Again! Read More »
“Good name in man and woman … is the immediate jewel of their souls. Who steals my purse steals trash … but he that filches from me my good name robs me of that which not enriches him, and makes me poor indeed” (Shakespeare) Our laws of defamation are there to help you protect your
Facebook Revenge: The Defamation Danger Read More »
In 2015 the Consumer Goods and Services (CGS) Code of Conduct took effect. It sets out minimum standards for the CGS industry to observe when dealing with consumers. Failure to comply with the Code contravenes the Consumer Protection Act. Thus, CGS businesses that were not already subject to regulation (such as the motor industry and
Consumers: The Consumer Protection Ombud’s Power to Help You Read More »
This budget is one of the most anticipated for many years with many questions still needing answers: How will the expected tax increases pan out? Will the Minister of Finance and his deputy keep their jobs? Will the budget incorporate “radical economic transformation” which has become the President’s mantra in the past few months? How
You and Budget 2017: Tax Increases Are Now the Order of the Day Read More »
