Help your auditors to help you. Work together with them, and prepare properly. That’s the best way to maximise your audit’s value to you and to your business. Your goal is an audit which gives you assurance that your systems are sound and that your annual financials fairly reflect your economic position, whilst also containing […]
Get the Most Out of Your Audit While Saving Cost Read More »
SARS registered employers must submit an EMP501 interim reconcilliation on or before 31 October 2018. The Employer Interim Reconciliation period, referring to the period from 1 March 2018 to 31 August 2018, opened in September and runs until 31 October 2018 During the Interim Reconciliation, employers are required to submit an Employer Reconciliation Declaration (EMP501)
Employers: EMP501 Reconcilliation Deadline Read More »
We all die, and we all know that it is up to us to ensure the happiness and well-being and protection of our loved ones long after we are gone. But it’s not easy to contemplate our own mortality, nor is it easy to find the time in our busy schedules to attend to even
Do You Need a Will? Read More »
“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 »
