Issue 87 - IFRS News in Brief -RSM.pdfThe IASB issued the seventeenth edition of the ‘Investor Update’ on 27 November 2018. The issue provides investors with information th... (Category - Accounting) |
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Nature and Location of Company Documents - Jackie ReindorpIt is becoming more apparent that many foreign owned companies are keeping their company statutory records as well as their accounting ... (Category - Legislation) |
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SARS and the taxpayer's rights - Alexandra GomesThe Tax Administration Act No. 28 of 2011 (TAA) came into effect on 1 October 2012, the main objective of which was to align the tax ad... (Category - Income tax) |
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XBRL Frequently Asked Questions (FAQs)There are several questions under each section corresponding to an index number, refer to each section for more questions and answers. ... (Category - Accounting) |
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10 Commandments of the corporate jungle - Leana van der Merwe.10 Commandments of the corporate jungle - Leana van der Merwe. (Category - Business) |
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10 Rules for Employers - Candice Eaton10 Rules for Employers (Category - Business) |
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2017 Budget Speech Highlights Neil - Hughes.pdf22 February 2017 brought about another Budget speech presentation by Minister Pravin Gordhan. In the build up to the latest Budget, it ... (Category - Income tax) |
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2018 National Budget Speech - Tax Update - Neil Hughes.pdfOn 21 February 2018 we were presented with the Budget Speech by current Minister of Finance, Malusi Gigaba. It was widely accepted that... (Category - Income tax) |
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A changing nation the effects of globalisation on China - Dr Hong Lu.pdfChina is rapidly becoming the new champion of economic cooperation, trade and globalisation. As others retreat from the forefront, Chin... (Category - Business) |
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A day in the life of a bookkeeper - Sello MokgothoThis article is to showcase the day in a life of a Bookkeeper at RSM Betty & Dickson Advisory Services (Pty) Ltd, in the Outsourced Acc... (Category - Bookkeepers) |
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A look at the basics of cybersecurity - Richard CurtisCybersecurity is the body of technologies, processes and practices designed to protect networks, computers, programs and data from atta... (Category - Business) |
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A Summary of IFRS 5: Non-current assets held for sale and discontinued operationsWhen a company makes the decision to sell an asset or to stop some part of its business, it is making a decision that affects the futur... (Category - Accounting) |
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ACCA Releases Financial Guide for Entrepreneurs - Nomsa NkomoACCA (the Association of Chartered Certified Accountants) addresses the financial literacy skills gap in South Africa with a new guide ... (Category - Entrepreneurship) |
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Accounting for SMEs with IFRS for SMEs - Musa NkosiSmall and Medium Entities (SMEs) operate in simpler and less complex environments compared to larger companies. Although SMEs are small... (Category - Accounting) |
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Accrual vs Provision for bonuses - Annerie LoubserThe subject of this discussion is when to recognise an accrual for bonuses and when a provision. (Category - Accounting) |
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Africa and Entrepreneurship - Nomsa NkomoThe World Economic Forum is a major event that business people, politicians and investors look forward to every year. It is in this for... (Category - Entrepreneurship) |
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Amendments to the Unemployment Insurance Contributions Act and the effects on learners and foreign nationals - Candice Eaton GaulThe Unemployment Insurance Fund (“UIFâ€) allows contributors to receive benefits from the fund in the event that they become unemplo... (Category - Legislation) |
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An employee's guide to understanding your IRP5Another tax year has come to an end and the 2017 tax filing season for all individuals opened on 1 July 2017. This is the time when eac... (Category - Income tax) |
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An Introduction to the New Revenue Standard: IFRS 15 - Deon BuysIFRS 15 Revenue from Contracts with Customers was issued by the IASB on 28 May 2014 with a planned introduction for periods beginning o... (Category - Accounting) |
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Auditors responsibilities in relation to groups - Henk HeymansThere are many legal, and practical, reasons why companies may be structured in groups, branches, etc. as opposed to just one reporting... (Category - Auditing) |
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Avoid Reckless Trading - Nicci WeymouthIn a strained economy where many businesses are battling to keep their doors open, it has become increasingly important for directors o... (Category - Accounting) |
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Avoid Retirement Junk Status - Sterling BlueStarAccording to the 2016 Sanlam BENCHMARK Survey, only 35% of pensioners believe they have saved enough for retirement, whilst a staggerin... (Category - Business) |
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Bad debt on a foreign loan - Engela Crocker.pdfSection 24I requires that a gain or loss on a foreign exchange transaction be included in or deducted from the income of a taxpayer car... (Category - Accounting) |
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B-BBEE points for Broad-Based Ownership Schemes and Employee Ownership Schemes - Karlien DempseyFollowing the release of the so called Notice of Clarification of 5 May 2015 and the anticipated and justifiable reaction to the impact... (Category - B-BBEE) |
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Blockchain The technology too powerful to ignore - David Bartlett.pdfThe potential applications of blockchain technology are numerous, but the technology is complex and difficult to wield. Indeed, truly t... (Category - Accounting) |
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Bonus Candice EatonIts nearly that time of the year again! (Category - Business) |
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Budget what budget - Lynette BurgessA common complaint after the holidays is that people are experiencing cash flow pressure personally or in their business. (Category - Accounting) |
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Business and Trading Names - Esther RengasamyPrior to the promulgation of the Consumer Protection Act, 2008 (Act No.68 of 2008) (CPA), companies could have a registered name with t... (Category - Business) |
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Business decisions and tax decisions – can they ever be frictionless- RSMNo company pays international tax and no revenue authority collects international tax. Instead, there are independent national tax code... (Category - Income tax) |
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Business entities and the appropriate vehicle - Bart KooOver the last two years or so, there have been some major changes in acts and law that may affect the choice of the vehicle that is use... (Category - Entrepreneurship) |
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Change - Let it grow you - Nicolette WeymouthIn this fast paced world that we live, where our lives are ruled by technology and the hours of the day burn out as quickly as a match,... (Category - Business) |
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Changes to travel reimbursements from 1 March 2018 - Michelle van CoppenhagenEmployers are able to compensate their employees, for costs incurred in respect of business travel, in a number of ways. One of the gen... (Category - Income tax) |
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Cloud computing - a real solution for many - Jorene CoxCloud computing has certainly benefited many businesses by reducing costs of administration and also by allowing them to concentrate on... (Category - Other) |
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Companies Act 2008 - Summary of transitional arrangement - Lynette BurgessThe Companies Act 71 of 2008 (the Act) was signed into law on 8 April 2011 and its commencement date was 1 May 2011. (Category - Legislation) |
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Compensation for Occupational Injuries and Diseases Act 1 30 of 1993 - Michelle van CoppenhagenIt is an obligation of the employer to submit a declaration of annual earnings (salaries and wages paid out during the year) to the Com... (Category - Legislation) |
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Confidentiality: A reminder - Samuel MapungwanaIn light of the recent events surrounding the Assessment of Professional Competence (APC) exam*, it has become apparent that we need to... (Category - Business) |
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Conversion of debt into equity- John JonesSouth African Revenue Services (“SARS”) in their Tax Laws Amendment Bill of 19 July 2017, supported by the Explanatory Memorandum there... (Category - Accounting) |
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Cutting the fat on annual financial statements - Henk HeymansIf you have been working with financial statements for longer than a year or two you would have noticed how these have become thicker w... (Category - Accounting) |
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Cybersecurity takes center stage - Thilen PillayIf there was ever a time that information security was on the radar of risk management committees it would be now. (Category - Business) |
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Deglobalisation goes digital: the commercial future of the Internet- RSMWe have owned the Internet. Our companies have created it, expanded it, perfected it in ways that… [European firms] can't compete. And ... (Category - Business) |
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Developing a website - The Requirements of IAS 38 and SIC-32 - Riaan KrugerFollowing the recent “Black Friday†sales, sales data from the United States showed that the amount being spent on online purchases... (Category - Auditing) |
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Directors approval of the annual financial statements - Jackie ReindorpSection 30(3)(c) of the Companies Act, No 71 of 2008 requires every company to prepare annual financial statements and these annual fin... (Category - Accounting) |
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Director's resolution - The devil in the detail - Phillip KrugerDirectors resolutions are common place in commerce as a convenient and effective manner in which the Directors of a Company can make a ... (Category - Legislation) |
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Distributions by companies to shareholders - Hope MatumbaWhen considering company distributions, we most often think of cash dividends, being one form of the return on investment for the share... (Category - Income tax) |
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Dividends withholding tax - Neil HughesIt seems like a lifetime ago when the Minister of Finance announced in 2007 that Secondary Tax on Companies (STC) would be replaced wit... (Category - Income tax) |
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Donor involvement in the Thuthuka Bursary Programme - Candice Eaton GaulCandice Eaton Gaul responds to a few questions from a Masters student at the Nelson Mandela Metropolitan University. (Category - Business) |
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Employee Financial Well-beingThe traditional view of defining wellness primarily in relation to health has resulted in lack of attention to employees' financial wel... (Category - Business) |
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Estate planning - Peace of mind or unplanned headache? - Sidney PenfoldWe meet with a number of clients annually to sign off their annual financial statements and taxes. (Category - Business) |
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Evolution of the accounting profession - Dextor Moro.Significant changes have taken place in the accounting profession over the years. (Category - Accounting) |
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Financial assistance to group companies - Henk HeymansThe new Companies Act, 2008 has introduced a few principles that are aimed at preventing abuse of corporate structures to the disadvant... (Category - Legislation) |
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Financial Emigration vs becoming a non-resident for tax purposes- Neil Hughes. Engela CrockerThis article intends to highlight the basic differences between financial emigration and the process of becoming a non-resident of Sout... (Category - Income tax) |
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Fraud by the numbers - Henk HeymansThe risk of fraud in organisations has been the topic of several articles on this and other websites (read, for example Cybersecurity t... (Category - Auditing) |
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Fraudulent tax returns Engela CrockerI promise you will receive a refund from SARS if we submit your tax return That sounds too good to be true. As with all things in life... (Category - Income tax) |
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Full or part time - which way to go - Michael SteenkampOnce you get to the end of your high school life, one of the most important decisions that you need to make is what to do once school i... (Category - Business) |
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Further tax consequences on disposal of shares by companies - Ozeyr AhmedThe release of the Taxation Laws Amendment Bill (TLAB) on 25 October 2017 includes a proposal which could have a significant tax impact... (Category - Income tax) |
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Giving globalisation meaning: re-emerging markets and the road to reglobalisation – RSMAny globalisation definition should include more than just the ever-expanding technological advances in transport and communications. I... (Category - Entrepreneurship) |
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Governance and constitutions in family owned business - Leana van der MerweGovernance and constitutions in family owned business (Category - Legislation) |
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Hidden value in an audit engagement - Chris Flynn.It sometimes happens that we as auditors arrive to meet a new client and one of the first things they say is, I hope youre not as scary... (Category - Auditing) |
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How can debt affect you?As long as you have debt, you will not be able to build up wealth, so your children may be prevented from having a decent education, ne... (Category - Other) |
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http://www.probetatraining.co.za/articles2018/Tax Implications on foreign exchange differences - Melinda Evans.pdfInternational trading has become more and more customary for both individuals and companies, with imports and exports, as well as fore... (Category - Income tax) |
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IFRS 15 - Revenue from contracts with customers - Michael SteenkampIn May 2014, the International Accounting Standards Board (IASB) published IFRS 15 which replaces IAS 18 Revenue, IAS 11 Construction C... (Category - Accounting) |
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IFRS 16 Leases - Michael Steenkamp.pdfIFRS 16 comes into effect for periods commencing on or after 1 January 2019. All businesses that have contracts which are currently tre... (Category - Accounting) |
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IFRS 9 - Financial instruments (allowance for credit loss) - Michael SteenkampOn 24 July 2014, the International Accounting Standards Board (IASB) published the complete version of IFRS 9 which becomes mandatorily... (Category - Accounting) |
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IFRS key considerations for closing out 2016 - Joelle Moughannie.pdfThe time has come for our annual rendezvous to take stock of the latest developments in IFRS financial reporting requirements. This art... (Category - Accounting) |
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IFRS News in Brief - Issue 65 - RSMIn conclusion of their latest public consultation on the IFRS Foundations structure (link to RSM comment letter http://www.ifrs.org/Abo... (Category - Accounting) |
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IFRS News in Brief - Issue 67 - RSMOn 29 March 2017, the IASB published an exposure draft aimed at improving the disclosure requirements for operating segments in the wak... (Category - Accounting) |
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IFRS News in Brief - Issue 69 - RSMOn 29 March 2017, the IASB published an exposure draft aimed at improving the disclosure requirements for operating segments in the wak... (Category - Accounting) |
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IFRS News in Brief - Issue 71 - RSMOn 21 April 2017, the IASB published an exposure draft aimed at aiding implementation of the new financial instruments Standard, in par... (Category - Accounting) |
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IFRS News in Brief - Issue 72- RSMuncertainty in accounting for income taxes, as IAS 12 is currently silent on this issue. The Interpretation is effective for annual per... (Category - Accounting) |
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IFRS News in Brief - Issue 73 - RSMThe following is a summarised update on the main tentative decisions taken by the IASB at its meeting on 18-19 July 2017. For more d... (Category - Accounting) |
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IFRS News in Brief - Issue 74 - RSMOn 12 September 2017, the IASB published an exposure draft aimed at helping entities distinguish accounting estimates from accounting p... (Category - Accounting) |
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IFRS News in Brief - Issue 74 - RSMOn 12 September 2017, the IASB published an exposure draft aimed at helping entities distinguish accounting estimates from accounting p... (Category - Accounting) |
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IFRS News in Brief - Issue 75 - RSMOn 12 October 2017, the IASB issued an amendment - effective from 1 January 2019, with early application permitted - to the new financi... (Category - Accounting) |
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IFRS News in Brief - Issue 76 -RSMTentative conclusions (open for comment until 29 January 2018) that the principles and requirements in IFRS provide an adequate basis w... (Category - Accounting) |
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IFRS News in Brief - Issue 77 - RSMn 12 December 2017, the IASB issued the following narrow-scope amendments, effective for annual reporting periods beginning on or after... (Category - Accounting) |
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IFRS News in Brief - Issue 78 - RSMIFRS INTERPRETATIONS COMMITTEE (IC) LATEST DECISIONS SUMMARY The following is a summarised update on the main discussions taken by the... (Category - Accounting) |
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IFRS News In Brief - Issue 79On 7 February 2018, the IASB issued an amendment which is effective from 1 January 2019, with early application permitted. The amendme... (Category - Accounting) |
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IFRS News in Brief - Issue 80 - RSMThe International Accounting Standards Board issued a revised version of the Conceptual Framework for Financial Reporting on 29 March 2... (Category - Other) |
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IFRS News in Brief - Issue 80 - RSMSection 33(1) of the Companies Act 71 of 2008 (the Companies Act) states that every company must file an annual return in the prescri... (Category - Accounting) |
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IFRS News in Brief - Issue 81 - RSMThe IFRS Foundation has released the first three of 35 stand-alone modules designed to provide support to anyone learning about, applyi... (Category - Accounting) |
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IFRS News in Brief - Issue 82 - RSMThe IFRS Foundation has today published its annual report, including the audited financial statements, for the financial year ended 31 ... (Category - Accounting) |
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IFRS News in Brief - Issue 83- RSMIFRS INTERPRETATIONS COMMITTEE LATEST DECISIONS SUMMARY The following is a summarised update on the main discussions taken by the Comm... (Category - Accounting) |
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IFRS News in Brief - Issue 84 - RSMThe following materials have been published to support the implementation of IFRS 17 Insurance Contracts: A pocket guide on reinsura... (Category - Accounting) |
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IFRS News in Brief Issue 66. - RSMThree Standards amended under 'Annual Improvements to IFRSs 2014-2016 Cycle' On 8 December 2016, the IASB issued the following minor a... (Category - Accounting) |
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Importance of independence in Assurance engagement - Victor Takaindisa.The relevant quote from the Oxford online Dictionary defines an assurance as a positive declaration intended to give confidence; a prom... (Category - Auditing) |
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Important notification from SARS for all employersOn the 14th July 2017, The South African Revenue Service (SARS), published a notice to employers that certain EMP501 declarations and I... (Category - Income tax) |
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Individual tax deduction for amounts previously included in gross income - Trusha KanjeeA person may receive remuneration benefits such as maternity leave or retention bonuses by virtue of their employment contact. (Category - Income tax) |
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Insolvency Trading whilst factually insolvent - Victor TakaindisaInsolvency is defined as a situation whereby the liabilities of an entity exceed the assets (fair value). (Category - Business) |
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Integrated Reporting and the integrated Report in South Africa - John JonesOn 1 September 2009 the King Code of Governance Principles for South Africa was released. This document, a follow on to King I and King... (Category - Auditing) |
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Investing In South Africa: TheWhen attending to investing in a South African entity as an offshore shareholder, it is important to understand the requirements of the... (Category - Income tax) |
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IRP5 and EMP501 Submissions made easy - Michelle van CoppenhagenSARS has announced that the annual Pay-As-You-Earn (PAYE) Employer Annual Reconciliation submission season will be open from the 18th o... (Category - Income tax) |
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Is the Rand a Commodity Currency?It is probably fair to say that the exchange rate of the rand, specifically against the US dollar, is the economic indicator that attra... (Category - Business) |
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Issue 62 - IFRS News in Brief - RSMThe forthcoming Interpretation of IAS 21 Foreign Currency Transactions and Advance Consideration should become effective 1 January 2018... (Category - Accounting) |
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Issue 63 - IFRS News in Brief - RSM.pdfThe amendments published by the IASB on 12 September 2016 give all entities that issue insurance contracts the option to recognise in o... (Category - Accounting) |
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Issue 64 - FRS News in Brief - RSM.pdfAn executory contract establishes a right and an obligation to exchange economic resources that are interdependent and cannot be separa... (Category - Accounting) |
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Issue 88 - IFRS News in Brief - RSM.pdfINTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) LATEST DECISIONS SUMMARY The following is a summarised update of the main discussions... (Category - Accounting) |
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Issue 89 - IFRS News in Brief - RSM.pdfPUBLICATIONS AND ANNOUNCEMENTS IFRS 16 Leases is now effective for annual reporting periods starting on or after 1 January 2019. It r... (Category - Accounting) |
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Its more than a Fixed Asset Register - Kamini Naicker .pdfMy experience with fixed asset registers varies depending on the significance and complexity of fixed assets. Most entities do not upda... (Category - Accounting) |
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Key strategies for business leaders in the changing global economy- Jean StephensProtectionism and populism are on the rise in the global economy. Businesses are starting to ask: has globalisation, which has helped t... (Category - Business) |
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King III and the SME - Gary KempIn contrast to King I and II codes, King III effective from 1 March 2010 applies to all entities regardless of the manner and form of i... (Category - Legislation) |
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King IV - creating an ethical culture - Claire ClaassenWith recent events scarring the appearance and reputation of chartered accountants, the King IV movement cannot have been implemented a... (Category - Legislation) |
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King IV Report The Importance of Corporate Governance - Beth GaylardI attended a Corporate Governance conference in September 2016. Judge Mervyn King was one of the speakers presenting on the King IV rep... (Category - Legislation) |
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Loans and other financial assistance to directors and prescribed officers of a company - Phillip KrugerIt is common practice in business today that a company provides financial assistance to certain of its directors or prescribed officers... (Category - Legislation) |
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Making informed decisions: Human Resources - Candice Eaton GaulThe question of who to employ in order to achieve the business’s goals is absolutely fundamental. Who a business employs will influen... (Category - Business) |
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Mandatory Audit Firm Rotation - Henk HeymansIndependence is the cornerstone of the auditing profession. Independence is just another, slightly stronger, word for objectivity. If ... (Category - Auditing) |
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Mandatory audit firm rotation - the debate continues - Henk HeymansThe principle of Mandatory Audit Firm Rotation (MAFR) was discussed in a previous article, when the parliamentary Standing Committee on... (Category - Auditing) |
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Maternity leave and pregnancy - Instalment 1 - Candice Eaton Marc HumphriesInstalment 1: What laws protect a pregnant employee and what is such an employee protected against? (Category - Legislation) |
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Maternity leave and pregnancy - Instalment 2 - Candice Eaton Marc HumphriesInstalment 2: What are a pregnant employee legal obligations in declaring her pregnancy when a) applying for a job and b) telling her e... (Category - Legislation) |
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Moving your accounting system to the cloud - Nicci WeymouthIn an age of technological advancements, where new programs and applications are available every day, there is increasing pressure on ... (Category - Accounting) |
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Moving your accounting system to the cloud - Nicci WeymouthIn an age of technological advancements, where new programs and applications are available every day, there is increasing pressure on ... (Category - Accounting) |
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National Treasury cancels plan to scrap 183-day exemption - Melissa HaygarthSouth African Tax Law currently stipulates that if a South African resident works outside the Republic for more than 183 full days (in ... (Category - Income tax) |
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National Treasury plans to scrap 183-day exemption- Melissa HaygarthSouth African Tax Law currently stipulates that if a South African resident works outside the Republic for more than 183 full days (in... (Category - Income tax) |
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New accounting and audit requirements for Bodies CorporatePreviously, only Sectional Title Schemes with ten or more units were required to have their annual financial statements audited. Howeve... (Category - Accounting) |
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NOCLAR - Not just for auditors - Henk HeymansAuditors, especially in South Africa with its “Reportable irregularities” requirements, are painfully aware of their duties to report i... (Category - Auditing) |
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Organisational Change Management - Lebo Tsholo.pdfIn order for organisations to function efficiently and effectively they constantly have to come up with innovative change strategies so... (Category - Business) |
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Overview of how SA companies are embracing sustainable business practice - Nomsa NkomoSouth Africa (SA) is regarded as one of the pioneers of sustainability reporting worldwide, partially due to regulatory pressure. To i... (Category - Business) |
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Overview of how SA companies are embracing sustainable business practice - Nomsa NkomoSouth Africa (SA) is regarded as one of the pioneers of sustainability reporting worldwide, partially due to regulatory pressure. To i... (Category - Business) |
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Owning a franchise - good idea or bad idea - Michael SteenkampBeing in the career I am in and also having had the privilege to be quiet extensively involved in the franchise industry, I have often ... (Category - Business) |
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Performance reviews for trainees - Samone GovenderPerformance reviews are a part of being a trainee accountant and are important to ensure you develop into a skilled professional. One o... (Category - Business) |
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Personal income tax returns - Engela CrockerWe were approached by a corporate entity to address a number of its staff members on their personal income tax matters. (Category - Income tax) |
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POPI and its impact on direct marketing - Ntombi MoloroWe live in a period where technology allows consumers to be contacted at any time via e-mail, phone calls and even through social media... (Category - Legislation) |
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Prepare your fields - Nicci WeymouthIf youre praying for rain, make sure that you prepare your fields to receive it. (Category - Business) |
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Prescribed officers - Tag! You're it- Phillip KrugerDuring consultation with clients, the question often arises as to which individuals in a company would be considered to be a Prescribed... (Category - Legislation) |
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Professional scepticism - ensuring our rightful place in the financial information supply chain -Bob DohrerAt this time of year, most people around the world are looking forward to the holiday season and are filled with goodwill and best wish... (Category - Business) |
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Protecting your organisation from ransomware - Richard CurtisRansomware, also known as WannaCry/WannaCrypt0r has hit worldwide with one of the biggest attacks in cybersecurity history. It struck t... (Category - Business) |
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Public notice - Transfer Pricing record keeping requirements - John JonesIn July of 2016 South African Revenue Services (SARS) issued a draft notice in terms of Section 29 of the Tax Administration Act. The ... (Category - Income tax) |
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Public officers and their duties - Trusha KanjeeIn the Tax Administration Act, South African Revenue Service (“SARSâ€) sets out the requirements for the public officer of a company... (Category - Accounting) |
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Ratification of Loans and financial assistance granted under Section 45 of the Companies Act No71 of 2008 -Mpho LedwabaLets start by looking at the provision of Section 45, as to who the section applies to. (Category - Legislation) |
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Reflecting on SDG's in Relation to the WEF - Nomsa NkomoWorld Economic Forum theme for the year of Mastering the 4th Industrial Revolution presented some of the challenges that developing co... (Category - Other) |
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Requirements for Employment Equity Reporting - Lebohang TsholoPrior to 1994, South Africa was governed by apartheid regime, a system in which people were discriminated based on the colour of thei... (Category - Income tax) |
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Retire before Retirement - Werner & Harrie TigelaarYou may change employers several times throughout your working life. If leaving also requires leaving that employer’s occupational reti... (Category - Business) |
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Retirement Funds Umbrella or stand alone fund - Eckard BerghThe debate between Umbrella and stand-alone retirement funds has raised a number of varying opinions in the retirement fund industry. (Category - Other) |
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Retirement Reforms - Engela CrockerThe new retirement reforms were planned to come into effect as from 1 March 2015 (effectively for the 2016 tax year). (Category - Other) |
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Review or Audit - Henk HeymansThe Companies Act 2008 brought at least two alternatives to the traditional audit: Firstly, some smaller companies have no requirement ... (Category - Auditing) |
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Sale of land agreement - the real agreement - Phillip KrugerIn transactions where immovable property is sold or transferred, it has been generally accepted that the transfer of immovable property... (Category - Other) |
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SARS - Friend or foe - Liezl LaughtonRemember every time when you register the company on efiling it will require you to submit the proof of registration form summary and c... (Category - Income tax) |
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SARS - Know your rights but also your responsibilities - Liezl LaughtonThere has been much ado of late regarding taxpayer refunds that have been delayed by the South African Revenue Service (SARS). Whether ... (Category - Income tax) |
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SARS Announces Prosecution Of Taxpayers With Outstanding Returns - Engela CrockerThe South African Revenue Service (“SARS”) issued a media release on 16 April 2018 where they advised that they have started, together ... (Category - Income tax) |
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Section 12H Proposed Amendments Ozeyr Ahmed.pdfWhile boasting the second largest economy in Africa, we as South African citizens cannot hide from the reality of our unequal society. (Category - Income tax) |
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Section 20 (7) and Section 20 (8)of the Companies Act - When will acompany be bound bycontract - Phillip Kruger . pdfMuch has been written in the past as to the doctrine of Constructive Notice and the application of the Turquand rule. (Category - Legislation) |
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Section 30 (4) of the Companies Act - New developments relating to the disclosure of directors remuneration - Phillip KrugerSection 30(4) of the Companies Act 71 of 2008 (the Act) states that the annual financial statements of each company that is required in... (Category - Legislation) |
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Section 6quin amendment - Foreign tax credits no longer deductibleAs per Amendment 7 of the Taxation Laws Amendment Act, 2015, Sections 1 to 4 of Section 6quin of the Income Tax Act 58 of 1962 have bee... (Category - Income tax) |
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Sections 22 and 23 of the Basic Conditions of Employment Act - Andrea TimothyAll employees are entitled to sick leave. However, if this is not managed carefully to identify whether employees are taking advantage,... (Category - Legislation) |
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Secure Your Online Accounts - Paddy CrookIn todays digital world everyone, no matter your industry, has a small mountain of online accounts that you use. With accounts ranging ... (Category - Accounting) |
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Segregation of duty conflicts in ERP systems Hidden vulnerabilities - Thilen PillayIt is a well known fact that one of the main causes of fraud within an organisation is poor segregation of duties. (Category - Business) |
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Should a non-executive director register for VAT - Engela CrockerAs indicated in a previous article published on 17 June 2016, it was uncertain whether or not a non-executive director needs to registe... (Category - Income tax) |
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South African Exchange Control Regulations -Phillip KrugerIt often occurs that a company established in South Africa has developed a specific software program or other processes and/or applicat... (Category - Income tax) |
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South African Value-Added Tax now at 15%- Liezl LaughtonFormer Finance Minister Malusi Gigaba announced on 21 February 2018 that South Africans would now be paying 15% Value-Added Tax for sta... (Category - Income tax) |
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Special Voluntary Disclosure Programme - Engela CrockerThe time has come! From 2017 there will be an automatic exchange of information between tax authorities. (Category - Income tax) |
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Sustainability and Sustainability Reporting What Are They - John JonesSustainability, in the context of the corporate world, can be simplistically defined as the policies and strategies which companies put... (Category - Business) |
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Sustainability Reporting - Is This Relevant to Small and Medium Enterprises (SME) - John JonesSustainability Reporting is defined in the Global Reporting Initiative Sustainability Reporting Guidelines (GRI Guidelines) as the pra... (Category - Business) |
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Tax considerations surrounding cross border loans - Ozeyr AhmedWith the almost non-existent growth in the economy in the last few years, it has become a common practice for taxpayers with foreign sh... (Category - Income tax) |
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Tax deadline dates - Simplifying your obligations - Engela CrockerWe all know that keeping track of your personal tax filing obligations can be difficult to track at times. To add to the complexity, it... (Category - Income tax) |
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Tax debt compromise - the last resort - Liezl LaughtonWe live in hard times. Economic downturns, rising inflation, unemployment rates and the tightening of purse strings by companies all in... (Category - Income tax) |
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Tax free investments - Engela CrockerThe purpose of the new tax free investment products is to encourage individuals to increase their household savings (Category - Income tax) |
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Tax incentives for saving the planet - Sikhangezile MhuriyengweGlobal warming has become a topical issue across the world. The dying of marine life in the sea and dramatic temperature changes acros... (Category - Income tax) |
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Tax refunds - What you need to know - Maselaelo MphelaMost taxpayers are not aware of the requirements for a tax refund to be facilitated and SARS very often will delay paying out the refu... (Category - Income tax) |
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Taxation Treatment of Tips - John JonesThe treatment of tips received by employees from customers for services provided has always been difficult to deal with from an employe... (Category - Income tax) |
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The benefits of Gender Equality - Nomsa NkomoSouth Africas ability to embrace transformation is known worldwide, its muscle is flexed once again as it deals with gender diversity i... (Category - Business) |
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The benefits of internal audit to a company's performance- RSMInternal audit can play a vital role in improving the performance of a company. Internal auditors assist companies in identifying key r... (Category - Auditing) |
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The challenges of onerous contracts - Jorene Cox.The purpose of this article is to evaluate whether a contract should be recognised as an onerous contract. (Category - Legislation) |
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The challenges of registering a trust as a taxpayer - Mmaseuba Sylvia ManamelaThe registration of a trust as a taxpayer for the first time could prove to be very difficult. Requirements to do so are very onerous a... (Category - Income tax) |
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The Company Secretary of a Listed Company - Vernon FindlayIn terms of the Companies Act, 2008 ("the Act"), all public companies are required to have a company secretary who is accountable to th... (Category - Legislation) |
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The Consumer Goods and Services Ombudsman: How it affects you - Henk HeymansThe Consumer Protection Act makes provision for a Consumer Goods and Services Ombudsman to deal with complaints by consumers. (Category - Legislation) |
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The Consumer Protection Act - Crossing the great divide - Phillip Kruger.The Consumer Protection Act 68 of 2008 the as amended, has, for many industries, altered the way in which business is conducted, specif... (Category - Legislation) |
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The effect of land expropriation without compensation on your business - Patrick KabambaDuring his maiden State of the Nation Address (SONA), President Cyril Ramaphosa highlighted, amongst other issues, a proposed amendment... (Category - Business) |
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The effect of the Labour Relations Amendment Bill 2013 on fixed term contract employees - Marc HumphriesOn 20 August 2013, the Labour Relations Amendment Bill 2013 was adopted by the National Assembly and, as it presently stands, this Bill... (Category - Legislation) |
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The effect of the new Auditor's Report on smaller entities - Henk Heymans, DexterMoyoThe new auditor reporting requirements are not just going to affect the audits of listed entities. (Category - Auditing) |
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The ever changing IFRS - What has changed and what is to come - Michael SteenkampIn the world of the ever-changing International Financial Reporting Standards (IFRS), most of us find it difficult to keep up to date w... (Category - Accounting) |
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The ever evolving business environment needs leaders not bosses - Leticia ChettiarAs we progress through our training contracts and our careers in general, we are faced with an increased need to mentor those below us.... (Category - Business) |
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The Fundamental Difference Between Section 6quat 1 and 6quat 1 Cof the Income Tax Act - Liezel Laughton.pdfGlobalisation and foreign trade has been a most relevant and complex issue within the finance world since the dawn of technology. (Category - Income tax) |
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The importance of knowing your provisional tax status - Trinisha NaickerThis article is intended to assist individual taxpayers in understanding their status as a provisional taxpayer. To fully comprehend w... (Category - Income tax) |
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The key to a successful audit - Arshad HaniffPlanning is one of the most important parts of the audit process and proper planning will ensure that the audit is executed and conduct... (Category - Auditing) |
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The Labour Relations Act Part 1 - Yvonne RossouwIn this 6-part series, we will be going over the Labour Relations Act with regards to employees vs. independent contractors, dismissals... (Category - Legislation) |
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The Promotion of Access to Information Act - Natalie ChettyThe Promotion of Access to Information Act (“PAIA”) was enacted to give effect to the constitutional right of access to information. PA... (Category - Legislation) |
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The take over regulation panel - Private Companies - Phillip KrugerThe Companies Act 71 of 2008 (the Act) has brought into existence the Takeover Regulation Panel which has the function of regulating af... (Category - Business) |
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The Threshold for Major B-BBEE Transactions - Liz Pinnock & Edson MunetsiA Major B-BBEE Transaction is defined as “any transaction between entities/parties that results in Ownership Recognition in terms of St... (Category - B-BBEE) |
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The Thuthuka Expedition - Candice EatonAn expedition is a journey made by a group of people for a particular purpose. (Category - Other) |
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The true worth of a Secondment experience - Joelene Chetty CA (SA)Employee secondments can benefit employers through developing good business relationships on a global level and sharing and enhancing e... (Category - B-BBEE) |
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The unknown value of auditors to an SME - Rufadzo BonyongwaRunning a small or medium-sized enterprise (SME) requires you to wear a number of hats, but there are certain areas that are unlikely t... (Category - Income tax) |
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The value added by external auditing - Rudolph HarmsAn external audit provides reasonable (but not absolute) assurance that the financial statements of the entity being audited are free f... (Category - Auditing) |
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The Value of Professional Tax Advice - Liezl LaughtonIn this day and age, with tax legislation becoming more complex and the process of applying the law ever more onerous, professional tax... (Category - Income tax) |
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The Value of Professional Tax Advice - Liezl LaughtonIn this day and age, with tax legislation becoming more complex and the process of applying the law ever more onerous, professional tax... (Category - Legislation) |
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The Value of the Audit Training Contract - Ramishka HarrychundThe new intake of trainee accountants who started in February 2016 have just completed the first few months of their audit training con... (Category - Auditing) |
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The X - Factor for the competitive edge - Michelle van CoppenhagenIn a country where entrepreneurship is on everyone's lips and the customer is spoilt for choice to find a service provider varying from... (Category - Business) |
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Thriving in the face of Technological change - Nomsa NkomoFinance professionals have always exploited emerging technologies to help them to complete their tasks more accurately, quickly or simp... (Category - Business) |
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Time of Supply for Output VAT Deposits - Jaishree PerumalA fair bit of uncertainty surrounding deposits and the VAT implications would be removed, had the concept been defined in the VAT Act s... (Category - Income tax) |
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To comply or not to comply - that is NOT the question - Lyndon PinnockRegulatory compliance is not an optional extra for an organisation these days. (Category - Legislation) |
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To thrive with machines, become more human: Four ways for business leaders to enable their workforceWhile some cry foul and worry about the woes of a ‘useless class,’ as the historian Yuval Noah Harari puts it, others welcome widespre... (Category - Business) |
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To will a testamentary trust or not - Sidney PenfoldAs part of one’s Estate planning, it should be considered if a Testamentary Trust, also known as a Will Trust, should be written into t... (Category - Accounting) |
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Training at a medium sized firm - Andrew YoungTraining in Public Practice (TIPP) with a medium sized firm as an alternative to the "Big 4" (Category - Auditing) |
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Transfer Pricing - New record keeping requirements - John JonesIn July of 2016 South African Revenue Services issued a draft notice in terms of Section 29 of the Tax Administration Act. The draft n... (Category - Legislation) |
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Transfer Pricing Documentation requirements and country-by-country reporting - The goalposts keep moving - John JonesIn October 2016 South, African Revenue Services (SARS) issued regulations obligating taxpayers who met certain criteria to maintain and... (Category - Income tax) |
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Trust and interest free loans - Neil HughesThe 2016 Budget Speech contained a proposal to introduce new tax laws targeted at the prevention of estate duty and donations tax avoid... (Category - Income tax) |
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Trust Property Control Act 57 of 1988 - The role and responsibility of a trustee - Beth GaylardI am often asked to explain the role and related responsibilities of a trustee to people who are considering accepting an appointment a... (Category - Legislation) |
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Trusts and Interest Free Loans Important Legislative Amendments Neil -Hughes.pdfIn our previous article related to this topic, we highlighted proposed new tax laws that would apply to low or interest free loans made... (Category - Income tax) |
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Two-step required - Werner & Harrie TigelaarIt took Steve Jobs and Steve Wozniak to start Apple Inc, Larry Page and Sergey Brin to start Google and Edmund Hillary and Tenzing Norg... (Category - Business) |
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Update: Tax Clearance CertificatesOn 18 April 2016 the Tax Clearance Certificate application process as we know it was amended by the South African Revenue Service (SARS... (Category - Income tax) |
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VAT and valid tax invoices - Nicci WeymouthAmong the many legislated penalties that SARS apply to the various tax types, is the understatement penalty which is calculated in term... (Category - Income tax) |
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VAT Registrations - Not as easy as 1, 2, 3 - Liezl LaughtonWe as a firm have recently seen an influx of new companies registering with the Companies and Intellectual Property Commission the CIPC (Category - Income tax) |
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What are Retirement funds - Werner & Harrie TigelaarRetirement funds, also known as retirement annuities (RA’s), are used most often by people who do not belong to an employer's retiremen... (Category - Business) |
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What is SOX Compliance - Itumeleng MagwedzeWe all know that keeping track of your personal tax filing obligations can be difficult to track at times. To add to the complexity, it... (Category - Auditing) |
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Why is the downgrade important - Werner ZiegelaarHow does the downgrade affect you? (Category - Business) |
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Will software replace accountants - Leonard MundidaI am a big fan of technology. Over the past year, I have been fascinated by the disruptive effect of some Silicon Valley companies. (Category - Accounting) |
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Withholding Tax on Interest - Jo-Ann DunningSHOULD WITHHOLDING TAX ON INTEREST (WTI) BE DEDUCTED FROM A DISTRIBUTION OF INTEREST INCOME TO A NON-RESIDENT BENEFICIARY OF A SOUTH AF... (Category - Income tax) |
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XBRL and the filing of a company's annual financial statements - RSMAs of 1 July 2018, the Companies and Intellectual Property Commission (“CIPCâ€) will be implementing new requirements for the submis... (Category - Accounting) |
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XBRL Frequently Asked QuestionsThere are several questions under each section corresponding to an index number, refer to each section for more questions and answers.... (Category - Accounting) |
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You need a willWhen a person dies without a will (intestate), this can lead to severe administrative, tax and legal problems and possibly also financi... (Category - Other) |
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Your accounting or legal firm in 2025: Plan now for the new technologies - Jack CrookPredicting the future is notoriously difficult, but as Confucius pointed out 2,500 years ago, whats happened in the past can certainly ... (Category - Accounting) |
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Your partner in (fighting) crime - Henk HeymansIt doesnt matter how well you run your business, or how tight your internal controls are, it appears that for every one door that you c... (Category - Business) |
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