Monthly Archives: July 2013

Finance 101:  Retirement part 2 – do you have enough to retire on?

Last month we looked at our assets and liabilities – this month we will see how we are tracking towards our retirement. We will look at our total monthly income and deduct from that our expenses we don’t live on … Continue reading

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Employers: The polygraph – how much reliance can you place on it?

Labour is highly regulated in South Africa and making mistakes can be a costly exercise. Thus, it is important we get our hiring, promoting and firing correct. Employers have resorted to a variety of techniques to assist them in their … Continue reading

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Hard labour needed at the department of labour

The Return of Earnings (ROE) for the Compensation for Occupational Injuries and Diseases Act (COIDA) has been causing problems for accounting firms and their clients. COIDA falls under the Department of Labour (DOL). These problems are critical – for many … Continue reading

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The New Company Tax Return (ITR14)

From May 3 all corporates (companies, close corporations, share blocks, body corporates, micro businesses and small business) will be required to use the new ITR14 form. The form is customised to your type of business (body corporate, micro business etc) … Continue reading

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Use only a registered tax practitioner because…

By 1 July 2013, all “tax practitioners” are required by the Tax Administration Act (TAA) both to register with (or fall under the jurisdiction of) a “recognised controlling body” and to register with SARS. Failure to do so is a … Continue reading

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Tax corner: What are Third Parties telling SARS about you?

The 2011 Tax Administration Act indicated that SARS would be looking to third parties, such as banks, medical aids etc, for information to verify your tax submissions. Now they have gazetted what they actually require from these third parties. These … Continue reading

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Finance 101: Retirement part I – Are you ready?

Our retirement is the most significant investment we will make. Yet statistics show that South Africa has one of the lowest saving rates in the world which means that most of us do not plan properly for our retirement. Over … Continue reading

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Theft:  Can you claim a tax deduction and/or a loss?

“…..although three quarters of South African businesses have fallen victim to some form of commercial crime, only 20% of these incidents are reported to the police” (FA News report 2009) It’s bad enough when someone steals or embezzles from your … Continue reading

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