“CV fraud” is a growing problem that all employers should guard against when hiring new staff in any capacity. Prevention being of course much better than cure, vigilance during the recruitment process is key here – with our labour laws being as complex and full of pitfalls as they are, you could find it very […]
Beware: Employee Misrepresentation on CVs is Getting Worse Read More »
“Steinhoff”. Just mentioning the name these days is enough to send shivers down the spine of even the hardiest investor. Take into account also the ravages seemingly wrought on our state companies by state capture, and the reputational damage to global icons like KPMG and McKinsey, and we have a clear warning of what can
Corporate Governance in a Time of Complexity and Crisis Read More »
The 2018/2019 tax year sees important changes to how, as an employee, you can be reimbursed for your business travel expenses. Both employers and employees should know how they will affect you in practice. We discuss the three types of travel allowance, the new changes, the reasons why SARS has made them, and the administrative
The New Travel Allowances: How Do They Affect You and Are They Working? Read More »
In rebuilding SARS as a world class institution and in positively re-engaging with taxpayers, management has just released a new Service Charter to replace the old Client Charter. We discuss the highlights of the new Charter, the undertakings now given to taxpayers, and what is expected of taxpayers in return. Of particular interest perhaps are
SARS’ New Service Charter – A Positive Step Read More »
It has become a global phenomenon measuring Tax Freedom Day, the day up to which you work to pay your taxes – only after Tax Freedom Day do you start working for yourself. In 2018 it takes us South Africans 133 days or 39% of our working time to pay our taxes. Generally, the trend
When Do We Stop Working for SARS This Year? Read More »
Life, as we all know, is full of risk. Things go wrong all the time, in business and in our personal lives. As Machiavelli pointed out 500 years ago “All courses of action are risky, so prudence is not in avoiding danger (it’s impossible), but in calculating risk and acting decisively”. We share some thoughts
Risk Management for Your SME Read More »
“XBRL” may sound like a new Star Wars Droid, but in fact it’s a global standard for exchanging and reporting business information, and our CIPC (Companies and Intellectual Property Commission) requires you to use it from 1 July for all Annual Financial Statements. Let’s take a look at how XBRL works, what its benefits are
Companies: “XBRL” is Coming Soon. What is it and Are You Affected? Read More »
“…it cannot be right and proper to reinstate or re-employ a person in a position that was secured by the making of false statements” (Extract from a Labour Appeal Court judgment quoted in the case below) Employees and employers alike should be aware of a recent Labour Court decision which once again underlines the duty
When Is Dismissal Fair for a Fake CV? Read More »
SARS has released a media statement on Bitcoin in which it states that people dealing in Bitcoins or other cryptocurrencies are subject to normal Income Tax law in terms of gross income, tax deductions or Capital Gains Tax. SARS are treating Bitcoin not as a currency but as an intangible asset. If you are in
Bitcoin is Taxable! Read More »
“Never take your eyes off cash flow because it’s the life-blood of business” (Richard Branson) The Companies Act is underpinned by the assumption of liquidity and solvency – directors and owners are mandated to ensure the business can meet all its short term obligations. The best way to achieve this is via cash flow. As
Practical Tips on Cash Flow Read More »
