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Global & Local Market Overview – July 2011

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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…

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Rewarding employees for their achievements

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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…

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Amending Memoranda of Incorporation

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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…

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Retention periods for accounting documents

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Due to various legislative requirements, accounting documentation should be retained for a certain period. To assist clients with ascertaining the relevant retention periods, a summary of the most important acts and provisions is supplied. Read more…

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Permanent Voluntary Disclosure Programme for tax payers

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Although the Voluntary Disclosure Programme (VDP) for tax payers ended on 31 October 2011, all is not lost for those who missed the deadline. A permanent VDP is in the pipeline. Read more…

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Annual bonuses can buy peace of mind

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The best way of spending your annual bonus is to buy financial peace of mind for the festive season and for 2012. Read more…

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Minimise tax liability with tax-free earnings

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From 1 March 2011 increases in rebates and the so-called foreign dividend and interest exemption for individuals have enabled taxpayers to earn a reasonable amount before becoming liable for normal tax. Read more…

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Accredited training in the workplace

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MBAT (Madiba Bay Accountancy Training) is an accredited training provider offering short courses and learnerships, mainly in the financial sector. Its skills development programme is ideal for employees working with basic accounting on a daily basis.

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Planning for business success

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Running a business without a business plan is like driving blindfolded. Your chances of reaching your destination are slim.

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Scrapping allowance

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In an Interpretation Note (no 60) published by SARS on 10 January 2011, information is given regarding the so-called scrapping allowance referred to in section 11(o) of the Income Tax Act.

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