Latest News
Trusts are widely used in South Africa for estate planning, business succession planning, and asset protection. However, the latest changes in the law may have a significant impact on trust structures and how they are managed. There have been some important practical developments regarding trusts, which trustees and beneficiaries should be aware of. In this…
Read MoreFinance Minister Enoch Godongwana announced on Wednesday 22 February 2023, that Eskom will receive R254 billion in debt relief over the next three years from the Treasury. The announcement was made during his budget speech to parliament in the midst of South African enduring ongoing high levels of load-shedding. The proposed debt relief is nearly…
Read MoreThe 2022 Mid-term Budget Policy Statement speech delivered by Finance Minister Enoch Godongwana was pro-growth on the economic front, supporting service delivery while firmly sticking to critical fiscal consolidation in the context of the current highly uncertain economic environment. Although there are implementation risks around the public sector wage bill, debt to GDP has stabilised…
Read MoreThe South African Revenue Service (SARS) has designated tax deductibles for businesses, some lesser-known ones are particularly important for small to medium and freelance businesses to be aware of. All business operating in South Africa are required to pay tax to the South African Revenue Service (SARS). While there are many taxes to pay, there…
Read MoreHow does auto-assessments work? It is an automatic assessment issued by SARS to taxpayers whose tax affairs are less complicated. SARS will use data received from employers, medical schemes, banks, retirement annuity funds and others. That data will be used to calculate and generate your income tax assessment, with no input form the taxpayer. The…
Read MoreThe Covid-19 pandemic has changed the way businesses operate and the types of skills and professions that are needed in the future. With so much change and sometimes uncertainty, one could ask: is there still a demand for professions such as chartered accountants? What does it mean to be a Chartered Accountant? Also known as…
Read MoreSouth Africa is known for its many inspiring and prosperous start-up companies and entrepreneurs. Starting your own business has many rewards, but unfortunately for some, the journey ends with the idea of being an entrepreneur because the process of launching a business may seem too daunting or complicated. However, with the proper guidance and support,…
Read MoreHaving to contend with complicated tax paperwork is not what most business owners would describe as their favourite pastime. However, getting your tax submissions done correctly and efficiently by a tax consultation partner can significantly impact your company’s success. Rather than neglecting this aspect, businesses will greatly benefit from appointing a competent and expert tax…
Read More