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…
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…
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…
The best way of spending your annual bonus is to buy financial peace of mind for the festive season and for 2012. Read more…
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…
Section 7 of the Income Tax Act targets assets which are donated by a taxpaying person to another person with the intention of avoiding tax on the profits derived from these assets. Keeping Section 7 in mind is therefore crucial for effective annual tax planning. Read more…
For many years, employers were allowed to deduct their contributions made to employee disability or death policies on behalf of their employees, with no matching accounting for a fringe benefit in the hands of their employees. This changed on 1 January this year. Read more…
Trusts may distribute income to some beneficiaries and capital gain to others.
The key driving force of the new national skills development strategy (NSDS III) for South Africa is improving the effectiveness and efficiency of the skills development system.
The new Consumer Protection Act has important ramifications for property transactions. Put in a nutshell, property sellers, buyers and estate agents should be aware of the following: