Monthly Archives: February 2017

THE COMPANIES ACT’S SOLVENCY AND LIQUIDITY TEST

A company would satisfy the solvency and liquidity test if, considering all reasonably foreseeable financial circumstances of the company at that time: (a) the fair value of the assets of the company equal or exceed the fair value of its liabilities; … Continue reading

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THE TAXATION OF PARTNERSHIPS

In terms of South African law natural persons (individuals) and legal persons all enjoy legal personality: in other words, both groups represent “persons” capable of e.g. legally acting on their own behalf, own property and to earn income. Consequently, they … Continue reading

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HOW TO SAVE ON AUDIT FEES: FINANCIAL AUDIT PREPARATION CHECKLIST

An audit can protect business stakeholders from the risk of fraudulent practices and therefore stakeholders will often require audits to be done annually. If a business doesn’t have a choice whether to have an audit done or not, they can … Continue reading

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ESTATE PLANNING FOR YOUNG ADULTS

It is very important for you to plan your estate, which could include a living will, a last will and a living trust. This can help families prepare for difficult times when you are no longer around to assist or … Continue reading

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