Articles

25Jun 2019

In 2018 the Department of Trade and Industry published a Companies Amendment Bill for public comment. There are a number of proposed amendments that affect small and medium enterprises (SME’s) and we will briefly outline a few of the potential implications below: Some CIPC related proposals could increase the cost of compliance Compliance issues as […]

25Jun 2019

This year taxpayers who meet ALL the following criteria need NOT submit a tax return: Their total employment income for the year before tax is not more than R500 000 They only receive employment income from ONE EMPLOYER for the full tax year They have no other form of INCOME (e.g. car allowance, business income, […]

25Jun 2019

Take urgent action to combat climate change and its impacts. Carbon Tax was introduced on the 1st June 2019. The primary rationale in introducing the tax was to introduce a “Polluter Pays” system in order to deter activities that impact climate change in line with SDG 13. Climate change activism is on the increase with […]

28May 2019

There is one truth about change: It’s going to happen. Technology, consumer demand, globalization, competition, and the economy—all of these factors contribute to the need for every business to move with the times in order to survive.  Companies that want to grow, have to change to remain viable and continue growing. That’s the very nature […]

28May 2019

The outcome of the national elections is a clear indication that, while the ANC lost regional support, many voted in effect for Ramaphosa nationally. This gives the President the mandate he requires to put his reformist policies in place. The following extract from a post-election Business Unity South Africa (BUSA) media statement clearly details the […]

28May 2019

Recently released, the United Nations’ global assessment of environmental health is grim: biodiversity declining at an unprecedented rate, one million species at risk of extinction, human populations in jeopardy if the trajectory is not reversed. The report goes on to note the biggest culprits as: Turning forests, grasslands and other areas into farms, cities and […]

28May 2019

With the imminent introduction of Carbon Tax, it is important to know how this will affect your business. While your business may not be directly affected by the tax, your suppliers may well have to pass on additional costs incurred as a result of it. So, let’s explore who and what will be subject to […]

18Apr 2019

A number of clients often have difficulty accessing SARS documents on the eFiling system. This is mainly due to incompatible browsers. The SARS eFiling website is optimally viewed in Internet Explorer (IE) versions 8+ browsers. The following guidelines should assist if you have any difficulty in this regard. General guidelines The latest version of Adobe Flash […]

18Apr 2019

President Cyril Ramaphosa has appointed Mr Edward Kieswetter as the Commissioner for South African Revenue Service (SARS) with effect from 1 May 2019 for a term of five years. This appointment flows was guided by the recommendations of the Commission of Inquiry into Tax Administration and Governance by SARS chaired by retired Judge Robert Nugent. The […]