The Importance of Directors’ Meeting Minutes – “Who, What, Where, When and Why?”

Both your company and you personally are put at risk if you fail to comply with the many fiduciary duties and statutory responsibilities imposed on you by the Companies Act. As part of managing that risk you should prioritize the preparation and retention of correct and accurate minutes of all your board and committee meetings. …

The Importance of Directors’ Meeting Minutes – “Who, What, Where, When and Why?” Read More »

The New Travel Allowances: How Do They Affect You and Are They Working?

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 »

Your Body Corporate and Arrear Levies: To Sequestrate or Not To Sequestrate?

As a Body Corporate trustee you will understand how important it is to collect arrear levies from defaulting owners. And of course as a section owner you have a personal stake in the process. When normal debt collection processes fail, what do you do? Sometimes it makes sense to apply for the debtor’s sequestration (just …

Your Body Corporate and Arrear Levies: To Sequestrate or Not To Sequestrate? Read More »

Your 2018 Tax Season Deadline: Brought Forward By Three Weeks?

Tax Season 2018 for individuals has just opened, and as always you should start getting everything together now because late lodgement of returns will expose you to totally unnecessary penalties and interest. We discuss whether you need to submit an income tax return in the first place, and if so whether you are affected by …

Your 2018 Tax Season Deadline: Brought Forward By Three Weeks? Read More »

Companies: “XBRL” is Coming Soon. What is it and Are You Affected?

“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 »