Monthly Archives: August 2012

Penalties Under the New Tax Administration Act –  A Move Towards Transparency

The new Tax Administration Act (“TAA”) has been promulgated and will come into operation within (according to SARS) the next three months or so. One of the areas of frustration for taxpayers has been the provision in the Income Tax … Continue reading

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Do You E-Mail Your Invoices? Make Sure You Do It Legally!

>We have seen in earlier newsletters that SARS is strictly enforcing compliance with all SARS related legislation. Businesses and individuals are being penalised if they are not complying with legal requirements. As email has become the standard method of communication, … Continue reading

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Directors’ Liabilities: No Room for Delinquent Directors in the New Companies Act

In previous issues, we have spoken about the increased liabilities placed on directors by the new Companies Act (the Act).  The Act is a balancing piece of legislation and allows increased directors’ powers compared to the 1973 Companies Act. With … Continue reading

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Penalties Under the New Tax Administration Act – A Move Towards Transparency

The new Tax Administration Act (“TAA”) has been promulgated and will come into operation within (according to SARS) the next three months or so. One of the areas of frustration for taxpayers has been the provision in the Income Tax … Continue reading

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Finance 101: Why are We Stifling Small Businesses?

“But economic recovery must be earned. And it will be earned by entrepreneurs and it will be earned by small businesses” (John Huntsman) It is recognised globally that one of the biggest contributors to growth and jobs are small businesses. … Continue reading

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The CPA and Your Protection From Harm in Medical Matters

As we all know the medical field is one of the most regulated industries. This is for obvious reasons to ensure we take the correct medication or procedure. What is interesting is that the major pieces of legislation (the Medical … Continue reading

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The New MOI (Memorandum of Incorporation): What It Is, and What You Should Do

The new Companies Act requires all companies to amend their existing memorandum and articles of association – now called a “Memorandum of Incorporation” (MOI) – to comply with the new Act. This has to be done by 1 May 2013. … Continue reading

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Cell Phones and Computers: What’s the Best Way to Use Them and Minimise Tax and Administration?

Technology has been the great enabler in recent times – cell phones and computers have transformed the way we live and work. They are one of the highest contributors to productivity in the economy, so how do we maximise them … Continue reading

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Directors’ Liabilities: No Room for Delinquent Directors

In previous issues, we have spoken about the increased liabilities placed on directors by the new Companies Act (the Act). The Act is a balancing piece of legislation and allows increased directors’ powers compared to the 1973 Companies Act. With … Continue reading

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