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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…

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…

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.

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.

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.

Capital vs ordinary income generated by trusts

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Trusts may distribute income to some beneficiaries and capital gain to others.

New skills development strategy for South Africa

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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.

Consumer Protection Act and Property Transactions

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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:

Testamentary trust provisions must be constitutional

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Freedom of testation is a fundamental principle of our law of succession (also enshrined in section 25 of the Constitution). However, when property is bequeathed to a testamentary trust, the testator should ensure that it’s provisions are constitutional.

Bank like a banker

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Financial experts tend to be well versed in the art of shrewd money management, but there’s no reason why you can’t enjoy the same benefits. Here are 10 tips from experts.