Die finansiële jaar van ’n maatskappy staan bekend as die rekenkundige periode. Ingevolge artikel 27 van die Maatskappywet No. 71 van 2008 (“die Wet”), het elke maatskappy wat geregistreer is ingevolge die Wet ’n finansiële jaareinde. Hierdie datum word vervat op die Kennisgewing van Inkorporasie-dokument...
Read MoreBy Jerry Schuitema. There are a number of follies in the intensified hype around job creation. One that came from the recent job summit is setting some target, albeit vague, of creating some 275 000 000 jobs a year. We should have learned by now that there...
Read MoreThroughout the audit of a set of financial statements, the phrase “management/director’s responsibility” appears. It is included in the engagement letter, the financial statements and the auditor’s report. But what does it mean? Management is responsible for the management of the business, for implementing and monitoring...
Read MoreDie Wet op Beslote Korporasies No 69 van 1984 (“die Wet”) het voorsiening gemaak vir die oprigting van beslote korporasies wat eenvoudige, gedereguleerde en buigsame entiteite met beperkte aanspreeklikheid is wat veral vir klein ondernemings geskik is. Hulle het eie regspersoonlikheid en geniet die voordele...
Read MoreThe internet and modern communications technology has changed everything, including the way that businesses keep their records up to date; one new approach we recommend has at its heart the cloud based accounting software, Xero. In a nutshell, Xero allows you to update and view the...
Read MoreThe Income Tax Act[1] allows for various income tax allowances to be claimed in respect of moveable assets used for purposes of a taxpayer’s trade. Most commonly, section 11(e) provides for a deduction equal to the amount by which the value of any machinery, plant, implements,...
Read MoreYou have worked hard for many years, and have finally saved enough funds and mustered the courage to take the big leap that you have been dreaming about for such a long time… you are going to invest in your own business. You have found the...
Read MoreConsumers and suppliers have by now had an opportunity to familiarise themselves with the increased Value-Added Tax (VAT) rate of 15% since 1 April 2018. There are however many technical considerations related to the increase that remain unclear. One such an uncertainty is with regards...
Read MoreDit staan ʼn maatskappy of beslote korporasie vry om sy naam te verander indien verkies. Vir maatskappye sal die naamsverandering ʼn spesiale besluit tot gevolg hê wat deur die aandeelhouers van die maatskappy goedgekeur moet word en in die geval van ʼn beslote korporasie moet...
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