Are You Compliant with PAIA? Submit Your Annual Report by 30 June
Client Responsibilities Under the Promotion of Access to Information Act (PAIA), Act 2 of 2000 (as amended) We hope this message finds you well. As part of our ongoing commitment to legal compliance and good governance, we would like to draw your attention to your responsibilities under the Promotion of Access to Information Act (PAIA), […]
Understanding Your Rights as a Taxpayer: Tax Assessments and the Promotion of Administrative Justice Act (PAJA)
We all pay taxes in one way or another, but as a taxpayer, it is important to understand your rights when dealing with tax authorities, the laws applicable, and whether your constitutional rights might be affected. One of the most common taxes paid is personal income tax. A critical aspect thereof is tax assessments, which […]
What to Do When Tax Is Not Cut and Dried
Do you have a complex transaction, and don’t know which way SARS will go? Ask them upfront! Many entities enter into complex transactions where the tax issues are not cut and dried, but the risk of SARS ruling against them is too great. The good news is that since October 2006, there has been a […]
How to Prepare for an External Audit
Getting ready for an external audit is an essential process for any business aiming to uphold compliance, ensure transparency, and strengthen its governance practices. External audits are essential for ensuring the accuracy of financial statements and verifying that a company is adhering to required accounting standards. Here’s a comprehensive guide to help you prepare for […]
20% of Nothing Is Still Nothing
Despite repeated warnings, Ponzi schemes continue to trap the unwary. Just pause to consider the following headline run in the venerable Financial Times in November 2020: “Investors lose £657 million to fraud.” That’s just in the 12 months to September 2020, up 28% from the year before. Even before the full impact of COVID-19 was […]
Accrual vs. Cash Accounting for Your Business: Which One Is Best?
When deciding between accrual and cash accounting for your business in South Africa, it’s important to understand the differences and how each method may affect your business. Both methods come with their own set of advantages and challenges, depending on the size and complexity of your business. This article will help you choose the right […]
Protect Your Family’s Assets with Effective Estate Planning
Make sure your assets are managed and distributed according to your wishes. Estate planning is an important step in protecting your family’s future and avoiding any unnecessary complications. Here’s a simple guide to the key steps involved in the process. By following these steps, it is possible to create an estate plan that protects your […]
When SARS Says ‘No’, They Must Tell You Why
Taxpayers have the right to obtain reasons for decisions by SARS. When I was about three years old, my mother admonished me not to play with matches, and like the precocious brat I was, I demanded to know “why”. Many a parent, faced with similar demands from their offspring, would be tempted to exert parental […]