Take Exit VAT into account

While deregistration as a vendor for VAT purposes might seem like an attractive option under certain circumstances, the consequences of so-called Exit VAT must be taken into account. Read more…

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Networking may be good for your career

The job you want may never be advertised. Now, more than ever before, talent managers – or recruiters – scour social media networks to find the right fit for a position. Read more…

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Co-operatives – a suitable BEE tool

Co-operatives are not new to South Africa. However, the Co-operative Act – rewritten and promulgated in 2005 – states rather clearly that it aims to create a tool for sustainable broad-based black economic empowerment. Read more…

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New SARS rules for the electronic storage of records

One of the draft regulations to the new Tax Administration Act deals with the keeping of records in electronic format. Should these regulations come into force, taxpayers might be well advised to seek the assistance of an IT specialist when compiling certain documents. Read more…

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Revised BEE codes

In October this year, the Department of Trade and Industry (DTI) issued revised Black Economic Empowerment (BEE) Codes for comment. The proposed changes will have some positive and various severely negative effects. Read more…

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Goodwill and capital gains tax

When a business is sold, goodwill qualifies as an asset for capital gains tax purposes. It is therefore important to establish the value of the proceeds of the sale and the base cost of the goodwill. Read more…

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The Tax Administration Act will take effect on 1 October 2012

For more information please refer to our morning seminar on the Tax Administration Act to be held on Thursday 18 October 2012. We can also arrange an in-house workshop on the Tax Administration Act to be presented to your personnel, if this is more convenient for you. Please refer to the draft agendas for either the seminar or inhouse-workshop attached.

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Company directors and personal liability

Directors of companies should take note of the provisions regarding financial assistance to directors or director-related parties, as laid down by the new Companies Act of 2008 and, particularly, section 45 of the Act. Read more…

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