Monthly Archives: March 2018

VAT Increase and Accounting Systems

As you are aware, the National Treasury announced an increase in Value Added Tax (VAT) from 14% to 15% effective 1 April 2018. We urge you to ensure that your accounting systems are set up to process transactions at the … Continue reading

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Make Sure You Have a Shareholders’ Agreement

A well-known attorney recently said he is constantly surprised by the number of shareholder disputes that could be quickly resolved if there was a shareholder agreement. The importance of shareholder agreements Human nature is fickle and a few years after … Continue reading

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You and Budget 2018: The New Tables

For ease of reference please find below – The new tax tables for individuals and trusts (with notes). The new tax tables for Small Business Corporations. NEW INCOME TAX TABLES 2018/19 (INDIVIDUALS & SPECIAL TRUSTS) Taxable Income Tax   R0 … Continue reading

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You and Budget 2018: It Could Have Been Worse!

“What people really want is fairness. They want people paying their fair share of taxes” (Barack Obama) In the Medium-Term Budget Speech (MTBS) last October, Finance Minister Gigaba laid out some frightening numbers – tax revenue was not rising as … Continue reading

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