Author Archives: admin

Robots and the Rise of AI: Will New Technology Lead to Greater Unemployment?

“The factory of the future will have only two employees, a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment.” (Warren Bennis, American … Continue reading

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Protect Your Clients’ Personal Information from Hackers!

We have been speaking of hacking and ransomware for a while and it just grows and continues to make news. In a recent case in England, a small to medium-sized entity (SME) was fined GBP 60,000 (over R1m) for failing … Continue reading

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The Special Voluntary Disclosure Programme:
Time is Running Out, and Automatic International Exchange of Tax Information is Kicking In

There has been widespread reporting that globally, revenue authorities are clamping down on tax havens. As from next month, tax authorities from over 50 countries (set to grow to over 100 by September 2018) will be automatically reporting to their … Continue reading

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Time is Running Out, and Automatic International Exchange of Tax Information is Kicking In

In The News Again: Mandatory Audit Firm Rotation

Recently the head of the IRBA and the Finance Minister announced that this would commence on 1 April 2023. There has been a backlash to this by prominent bodies such as the King Committee, the Institute of Directors and the … Continue reading

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Blockchain Technology: New Potential in Financial Services

Bitcoin is currently the best known user of a blockchain platform, but expect many more varied uses to emerge. For example Calastone, which provides a platform for mutual funds (e.g. unit trusts) to trade in 34 countries, recently successfully replicated … Continue reading

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Must You Pay Tax on Bitcoin Transactions?

Bitcoin has become increasingly used in South Africa and there are some good platforms for its use. Although it has proved volatile (it fell 30% in value recently), its long term value has risen over the past decade. So is … Continue reading

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Directors and Shareholders: There’s Hope If You Forget Companies Act Compliance Requirements

The “new” Companies Act is pitted with clauses requiring that special resolutions be passed. There are also instances where as directors you are required to take certain actions such as recusing yourself if there is a conflict of interest. It … Continue reading

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Vet Your Suppliers! Good Stakeholder Relationships Will Boost Your Profits

Suppliers play a strategic role in your business because if they fail to deliver on time or with the required quality, they can cause delays in your organisation. These delays will inevitably have a knock-on effect to your customers. How … Continue reading

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Tax Season Opened On 1 July: Here’s What You Need to Know, and Do

“Giving money and power to government is like giving whiskey and car keys to teenage boys” (P.J. O’Rourke) Once again tax season has opened for individuals, and whilst we can chuckle at jokes about the pain of paying taxes, they … Continue reading

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