We must all adapt to the rapidly-changing world thrown at us by the pandemic. We have no alternative – both our businesses and our personal lives are already deeply dissimilar to what they were only a few short months ago, and there is no sign that things will start stabilising any time soon. What part […]
Technology, COVID-19 and How the World Will Change Read More »
Some businesses are flying with the many new opportunities presented to them by the lockdown crisis, but many others now face serious cash flow and liquidity problems. Now more than ever directors need to be keenly aware of their ongoing obligations in terms of the Companies Act. Failure to live up to the Act’s high
Directors: Reckless Trading and Personal Liability in the Time of Coronavirus Read More »
Being suddenly subjected to a SARS “Lifestyle Audit” is a nerve wracking business with the risk of penalties of up to 200%, backdated interest, and criminal prosecution. What external sources of information does SARS have access to? How does SARS select targets for lifestyle audit? If you are unlucky enough to be selected, what will
BE READY FOR A SARS LIFESTYLE AUDIT Read More »
One of our new realities in this topsy-turvy world of global crisis is the many businesses that have had to close their offices and work remotely. The resultant explosion in the number of people working from their home environments brings with it many serious challenges for businesses. Fortunately however there is a lot of guidance
TIPS FOR MANAGING YOUR STAFF WORKING FROM HOME Read More »
Your focus as a director right now will no doubt be on keeping your business afloat through these trying times. Don’t lose sight however of the fact that the onerous obligations and duties placed on all directors by the Companies Act still apply. Failure to live up to the required standards exposes you not only
COVID-19 AND DIRECTORS: YOUR DUTIES AND LIABILITIES IN THE CORONAVIRUS CRISIS Read More »
It’s a depressing thought, but a reality we have to live with – none of us can ever be sure when we are going to die. That’s why even in the best of times having a valid and fully updated Last Will and Testament in place is essential to ensure that your loved ones are
IN TIMES OF GREAT CHANGE, MAKE SURE YOUR WILL IS UPDATED! Read More »
UIF BENEFITS The Minister of Employment and Labour has announced measures that the Department will put in place as required under the current special circumstance relating to the Corona virus (COVID-19) and its impact on UIF contributors. The Unemployment Insurance Fund will compensate affected workers through a new “National Disaster Benefit” and the existing Illness,
Lockdown Guide for Employers Read More »
Financial scams have always been around but their scale in today’s world is truly amazing – estimates of annual losses in the USA alone reach $120 billion. The good news is that there are positive steps you can take to protect yourself, and perhaps the first and most important of these is getting to grips
How To Detect and Dodge Financial Scams Read More »
We all know how important it is to record agreements in writing even when the law doesn’t specifically require us to do so. And it makes sense to ensure upfront that everything we have agreed on is fully and clearly recorded. Not doing so is a recipe for dispute, delay and expensive litigation. But what
Your Written Contract Should Cover Everything – No Oral Evidence Allowed! Read More »
Renting out property has consistently made a lot of people a lot of money in the past, and if that concept appeals to you and if a good buy-to-let opportunity should present itself, grab it while you can. Just don’t underestimate the importance to your financial viability planning of the Taxman’s cut of your earnings.
Must You Pay Tax on Your Rental Income? Read More »
