A ‘very small business’ as defined in the new Draft Revenue Laws Amendment Bill – a business with a turnover that does not exceed R1 million – may in future opt to be taxed on gross turnover rather than on taxable income.
The roles and responsibilities of financial directors have changed dramatically over the last decade
According to articles published in newspapers such as Business Day, Rand Daily Mail and the Sunday Times in September 2010, a company was hijacked by exploiting a weakness in the CIPRO system that deals with the appointment and resignation of directors in a company.
In response to an announcement by the Minister of Finance – that the foreign capital allowance for private individuals resident in South Africa was increased to R4 million per resident per annum – many clients have made offshore investments.
Once the Protection of Personal Information Bill has been passed, employee privacy will be protected by certain rules.
“Save a life; donate blood”. Every 3 months the blood bus parks in front of our offices at Parc du Links, Somerset West. Our aim is to make our clients aware off the fact that with a little effort from yourself, you can save a life. The next date is scheduled for 8 March 2011.…
In addition to the Voluntary Disclosure Programme available to tax payers – the so-called Tax VDP – the Minister of Finance announced a voluntary disclosure programme for regularising the exchange control affairs of current and former South African residents.
The popularity of self insurance or Alternative Risk Transfer (ART) is increasing amongst businessmen and companies on a world wide scale, because of the unique benefits it provides to clients.
The current bear market is turning into a once-in-a-few-lifetimes event! Most economic modelling has failed due to the extremity of this event, which shows significant similarities to the 1929 and 1960s periods.
Failing to backup your business data, especially critical data, is nothing short of a recipe for disaster. Nothing is quite as important to a business as the data that is stored on the hard drives of its computer systems.