January 2019

Directors: Fighting Corruption via Your Social and Ethics Committee

State Capture and the recent high-profile corruption scandals in the private sector are behind the new CIPC (Companies and Intellectual Property Commission) “Guideline for the Corporate Compliance Programme”, and we summarise the 7 Compliance Principles that you should incorporate. With reports that we have lost R700 billion to corruption over the last 20 years, we …

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Deemed Accruals Can Seriously Disrupt Your Cash Flow – A Tax Lesson for Property Developers

Managing your cash flow is fundamental to the success of any business, and a recent Supreme Court of Appeal judgment addresses one particular threat that all taxpayers should heed. The case concerned a R1.9m tax assessment raised by SARS against a property developer. The question was whether the developer/seller had to declare its income in …

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