Latest News

Paragraph 51A of the Eighth Schedule of the Income Tax Act, introduced in 2010, pertains to companies and trusts being used to purchase residences to avoid the imposition of transfer duty. Read more…

Transactions across international borders are complex. Adding the tax effects of such transactions into the mix can turn them into a mine field. The domestic tax laws of each of the contracting states have to be considered, as well as the implications of a double tax agreement between the two states, if applicable. Read more…

A new income tax return, the IT14SD, was recently introduced by the South African Revenue Service (SARS) to enhance tax compliance by companies and close corporations. Read more…

Exceed Private Client Services offer a variety of property-related services, including property valuations, rental administration and bond applications. Read more…

According to the Draft Taxation Laws Amendment Bill published in June 2011, a new venture capital company (VCC) regime will apply from 1 January 2012, should the draft amendments be implemented. Read more…

Exceed Tax and Advisory Services has announced that it is making CIMA management accounting staff available to perform cost and management accounting functions for clients. Read more…

Read more for an update on the FTSE/JSE All Share Index for the period 01 August 2011 – 18 August 2011 which includes an update on market and funds.

The month of July has been fraught with market uncertainty and big decisions by policymakers. The U.S. has put a band-aid on the fiscal situation by raising the debt ceiling and committing to a debt reduction plan; whilst in Europe the ECB failed to soothe market fears with the European Financial Stability Fund. The market reaction has been sceptical in light of implementation delays and other concerns. Read more…

The year is almost out and many employers contemplate rewarding their employees for their hard work while, at the same time, motivating them for 2012. Janine Nieuwoudt of BMT Dimensions gives the following basic rules regarding rewards in Practical Guide to Human Resources Management. Read more…

Since the new Companies Act of 2008 came into effect on 1 May 2011, companies have been faced with challenges regarding compliance with its numerous provisions, including the Memoranda of Incorporation. Read more…