Monthly Archives: December 2015

Could we be headed for a tax revolt?

“The greater the level of corruption, the less we will have tax integrity and the greater the possibility of a tax revolt” (Judge Davis, Chairperson of the Davis Tax Committee) There is no doubt the mood in the country has … Continue reading

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Employers: Do you face a double penalty if you contravene two acts?

“Will you still need me…..when I’m sixty four?” (Beatles) A recent Labour Appeal Court case highlighted the need, when planning to terminate an employee’s services, to ensure that the correct legal procedure is followed.  More interestingly, it answered the question … Continue reading

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The squeeze is on: The medium term budget

“Without economic growth, revenue will not increase. Without revenue growth, expenditure cannot increase” (Finance Minister Nene in his Medium Term Budget Policy Statement (MTBPS), October 2015) These words spoken by Minister Nene neatly capture the predicament the country’s finances are … Continue reading

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Customer service is king

“The goal as a company is to have customer service that is not just the best but legendary” (Sam Walton, founder of Walmart) In an increasingly competitive environment, keeping your customer base is a given for business survival. We also … Continue reading

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Your PAIA manual: Time is running out

If you were one of those small businesses given additional time to complete a PAIA manual, don’t forget these need be finalised by 31 December 2015. Speak to your accountants for assistance; they should have a template manual suitable for … Continue reading

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The Tax Ombud is on your side!

The Tax Ombud’s Office came into effect in the second half of 2013. Recently the Ombud’s first full year annual report was released. What is the role of the Ombud? The Ombud deals with service problems and administrative and procedural … Continue reading

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Is a wealth tax on the cards? Thomas Piketty and inequality in South Africa

“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries” (Winston Churchill) Thomas Piketty has become a global “rock star” economist following the release of his book “Capital … Continue reading

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“Pay now argue later” principle: Some light on the horizon for taxpayers

For many the principle of “pay now argue later” seems unfair. This principle allows SARS to demand payment of an assessed tax even if the taxpayer is disputing the assessment. In other words the obligation to pay the tax is … Continue reading

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Digital disruption is a race: Act now!

“Innovation is the ability to see change as an opportunity not a threat” (Steve Jobs) Recently Paris was brought to a standstill by angry taxi-drivers protesting that their livelihoods were being undermined by Uber.Newspapers from the New York Times to … Continue reading

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Directors: Watch out for secret profits and conflicts of interest

Picture this scenarioYou have a senior manager who is deemed to be a “prescribed officer” – in other words a senior employee deemed by the Companies Act to have the duties, responsibilities and liabilities of a director. You discuss with … Continue reading

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