Do you still want to be a director under the new Companies Act? Directors’ need to know their rights and must be aware of what is expected of them. They are subjected to the common law, as found in court rulings and judgments.
Read MoreEveryone, both individuals and companies need to do effective tax planning on at least an annual basis. Effective tax planning means paying taxes at the most optimal tax rates and this is only possible through the taxing of profits in the hands of the legal entities and individuals with the lowest marginal tax rates.
Read MoreThe importance of keeping accurate accounting records
Why is it necessary to make the distinction?
The distinction must be made due to the fact that there are income tax, imposed on income received by the tax payer, and capital gains tax, imposed on the capital gain received by the tax payer.
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