January 2018

When Crime Doesn’t Pay:  VAT Fraudsters Behind Bars for 25 Years

Honest taxpayers, particularly those struggling to get legitimate refunds out of SARS whilst its fraud prevention systems grind along slowly, will hope that potential tax cheats take fright at the stiff sentences handed down recently to three company directors.   They were convicted of submitting 198 fraudulent VAT returns over a 3 year period,  involving […]

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Directors:  Watch Your Liquidity and Solvency!

Nothing is more demoralising than running into financial difficulties. Suddenly all your energies are focussed on survival rather than growing the business. The fun goes out of the organisation, rumours of retrenchment flourish and if management aren’t careful, the rumours can become self-fulfilling. The importance of liquidity and solvency ratios Since the “new” Companies Act

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