Many companies are finalising their financial statements for the year ended 28 February 2009, while previous exchange control approvals for local borrowings by ‘affected persons’ expire on 31 August 2009.
One of the most important reasons for a proper estate plan is to minimise estate duty and any possible capital gains tax liability.
Do you wish to make a corporate social investment (such as a bursary scheme for underprivileged persons), but don’t know whether it will qualify for a tax deduction?
Een van die belangrikste wysigings aan die Maatskappywet wat gedurende die jaar in werking getree het, is die vrystelling van statutêre oudit vir maatskappye wat nie as openbare weldaadsorganisasies (non-public benefit organisations) geklassifiseer is nie.
“South Africa’s happiest women are married, child-free and self-employed.” (Well, there are always exceptions!)
Tenk Loubser & Associates (Cape Town) Inc now offers training for candidates who wish to qualify for the CIMA Advanced Diploma in Management Accounting (NQF 6).
In an interpretation note of November 2009, SARS provided a schedule of depreciation write-off periods applicable to all types of machinery and equipment.
In his recent budget speech, the Minister of Finance proposed no material changes. The budget does, however, plot the course back to fiscal sustainability without sacrificing important government programmes and derailing the economic recovery.
A document entitled Draft Regulations to the Companies Act of 2008 was issued in December last year and contained guidelines on whether a company should be audited or not.