Monthly Archives: July 2016

10 FINANCIAL TIPS FOR SMALL BUSINESSES

In the current economic climate effective management of your business’s finances is more important than ever. The following tips will assist you in managing the finances of your business effectively: Keep a record of your transactions Be sure to always … Continue reading

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THE COMPANIES ACT’S SOLVENCY AND LIQUIDITY TEST

The solvency and liquidity test in section 4 of the Companies Act, 71 of 2008, presents arguably one of the most important requirements of that Act. Without a company satisfying this test, the company cannot declare dividends, cannot provide loans and … Continue reading

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TAX IMPLICATIONS LINKED TO PBO’s

Many taxpayers are well aware of the beneficial income tax regime linked to public benefit organisations (“PBO’s”). Qualifying entities may be registered as a PBO in terms of section 30 of the Income Tax Act, 58 of 1962, and become … Continue reading

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WHEN MAY AND MUST A BUSINESS REGISTER FOR VAT

Taxpayers may register for Value-Added Tax (‘VAT’) on either a voluntary or compulsory basis.  Requirements for registrations are contained in section 23 of the VAT Act, 89 of 1991. Generally, a taxpayer may register for VAT on a voluntary basis … Continue reading

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