Author Archives: StrachanCrouse

GONE ARE THE DAYS OF TAX-FREE SALARIES ABROAD

Many South African taxpayers earning a salary abroad have for many years been able to benefit from so-called “double non-taxation”. This would be the case where salaries are earned in countries where the employer country would not tax salaries earned … Continue reading

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FIVE TIPS FOR MANAGING YOUR SMALL BUSINESS PAYROLL

Payroll is typically the number one concern for many small business owners worried about getting it right. But it needn’t be difficult – here are 5 top tips to make payroll easier. Know your big deadlines Dealing with accounting deadlines … Continue reading

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HOW YOUR MARITAL REGIME AFFECTS YOUR ABILITY TO BEQUEATH YOUR ESTATE

Limitations on freedom of testation can vary. South African law values people’s ability to bequeath their belongings in a will as they see fit, but marital and other relationship regimes could limit a testator’s ability to freely pass on wealth. … Continue reading

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WHAT ARE THE VERY BEST WAYS TO SAVE MONEY FOR YOUR COMPANY?

Every serious businessman in the world understands that money needs to be spent in order to make a profit, but this does not actually mean that you can go all out and expect things to be good. Saving company money … Continue reading

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Domestic workers & UIF

How to avoid UIF Arrears with the Unemployment Insurance Fund? If you have employees working 24 hours or more in a month, it is your responsibility as employer to register yourself and your employee/s with the UIF in order to … 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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Board members can be held accountable for company losses

The recent resignation of Eskom board chairperson and non-executive director, Ben Ngubane, has once again shone a spotlight, not only on governance at the embattled power utility, but also on the role board members and directors play in their respective … Continue reading

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2017 Tax Season made easy

The 2017 Tax Season has opened for individuals on 1 July, and SARS has released some handy tips and information to make the process pain free for taxpayer. In preparation for tax season, taxpayers can start gathering all the supporting documents that … Continue reading

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TO AUDIT OR NOT TO AUDIT?

The new Companies Act stipulates that only listed companies, and companies deemed to be in the public interest, are required to be audited and that non-public companies may choose between an independent review or an audit. Given the value of … Continue reading

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NON-EXECUTIVE DIRECTORS – HAVE YOU REGISTERED FOR VAT?

SARS recently published two Binding General Rulings (number 40 and 41) that have put the tax treatment of non-executive director’s fees to bed, which will come in effect on 1 June 2017. As it stands, a Non-Executive Director (NED) earning … Continue reading

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