Latest Financial News

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29Jul 2019

Online stores are great friends to small businesses. They’re an excellent way to get started in retail without investing in bricks and mortar or staff. If you already have a physical store, an online presence can extend your reach beyond your local neighbourhood, while giving existing customers a more convenient way to shop. If you’ve […]

29Jul 2019

Did you receive an SMS from SARS showing your tax calculation? Here’s why you received it: SARS has access to many sources of information about taxpayers, including information already on the SARS system. Based on this information, SARS can make a tax calculation and arrive at an outcome before you even lift a finger. This […]

29Jul 2019

The cabinet has finally approved the National Health Insurance (NHI) bill for tabling in parliament, minister in the presidency for planning, monitoring and evaluation Jackson Mthembu announced last Thursday. He said in a briefing that in 2018, the cabinet had approved the bill for release for public consultation over a three-month period from June 2018 […]

29Jul 2019

In the current economic client, more and more companies are becoming financially distressed. Directors are duty bound to constantly monitor the company’s financial position, to determine whether voluntary business rescue proceedings need to be initiated. Failure to implement business rescue proceedings could result in the director being charged with reckless trading and be exposed to […]

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, […]