Author Archives: admin

Lean Times Ahead: 6 Steps to Help You through Them

“We have seen better days” (Shakespeare) When you read that nearly 75% of the middle class experience financial difficulty and a similar percentage are in debt, it is time to worry. Add to this the economic difficulties the country is … Continue reading

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Non-Executive Directors: Income Tax and VAT Implications

There has been uncertainty for some time as to whether employees’ tax (PAYE) should be deducted from payments made to Non-Executive Directors (NEDs) for the services they perform. There has also been debate around whether NEDs should charge VAT for … Continue reading

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Lessons from the WannaCry Ransomware Attack

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 … Continue reading

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SARS Streamlines its Alternative Dispute Resolution System via eFiling

Often in the dispute process, vital documents cannot be accessed. For example, a request to SARS to explain an assessment (Request for Reasons) is lodged but it gets either lost or stuck in the SARS system. By the time it … Continue reading

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Which is Better for Your Business? Lots of Rules or a Few Good Principles?

Most of us are weighed down by compliance. Think of FICA, more onerous tax compliance, BBBEE, Employment Equity – the list is endless, more rules to deal with increasing complexity. How does business manage its operations with all these external … Continue reading

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The money market trap

To the general public money market unit trust funds are safe and secure; a conservative, yet sensible investment that protects capital. This is a half-truth, as safety and security come at a cost. The cost? Inflation. The money market is … Continue reading

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Why invest directly offshore?

Many South Africans are justifiably concerned that their retirement capital will be insufficient to meet their post-retirement needs. This concern is exacerbated by the recent downgrade to junk status, which has detrimental long-term investment consequences. But there is a bright … Continue reading

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Aggrieved Minority Shareholders – You Have Plenty of Options

The Companies Act gives directors substantial leeway to run a company and gives them considerable powers to do this. So how does it protect minority shareholders who disagree with how the directors operate the business? What remedies are available to … Continue reading

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How Many Days A Year Do You Work For The Taxman?

In the last few years in particular we have been aware of tax increases. The Free Market Foundation measures how many days in a tax year it takes to pay our taxes (taking total taxes over total earnings – obviously … Continue reading

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SMMEs and BBBEE Firms – Government Wants To Do Business With You

The government spends over R500 billion annually on goods and services. Promises have been made for several years that government would promote small and medium-sized businesses (SMEs). Government has also promised to help emerging Black business through its Broad Based … Continue reading

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