Author Archives: StrachanCrouse

Thinking outside the box in your Business

What does this term mean? It refers to the approach to a certain aspect, or in this case, your business. This term can also be clarified by referring to it as creative thinking, unconventional thinking or an approach from a … Continue reading

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EMP501-rekonsiliasies

Die aanvangsdatum van die 2019-seisoen vir indiening van die jaarlikse EMP501-rekonsiliasies is deur die Suid-Afrikaanse Inkomstediens (SAID) uitgestel vanaf 1 April na 17 April 2019. Die rede vir hierdie verandering word toegeskryf aan opdaterings deur die SAID aan hul bestaande … Continue reading

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The audit process

To get a better understanding of the audit process, we can take a look at the definition of an audit. Audit – “an official inspection of an organisation’s accounts, typically by an independent body”. An efficient audit is one that … Continue reading

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Need a second chance? Get your will in order today!

Everybody deserves a second chance, the saying goes. With your will, you have unlimited “second chances” to correct any past mistakes or to change your mind. With so many chances, it is mind-boggling and tragic that court records are replete … Continue reading

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THE PSYCHOLOGY OF ETHICAL BEHAVIOUR

In a country where unethical behaviour and blatant corruption by political and business leaders seem to be the norm, more and more people are asking what causes it and how it can be prevented. Dr Renate Scherrer What it means … Continue reading

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SARS SCAMS

Education and awareness around identity theft, phishing and other frauds have become part of life globally. If nothing else, scamsters are innovative and keep trying new avenues of defrauding businesses and individuals. In South Africa, this is no exception, and … Continue reading

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THINKING OF SELLING AN ASSET?

What happens when you sell an asset?When you sell or dispose of an asset, you either realise a profit or a loss from the exchange. When you realise a profit, you are subject to pay capital gains tax (CGT) on … Continue reading

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ESTABLISH WHO THE EXECUTOR OF THE ESTATE IS

If the deceased had a will, they may have nominated an individual or a financial institution to perform the function of the executor of the estate. If no executor is nominated or the nominated executor is unable or refuses to accept … Continue reading

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DOES THE BUDGET SPEECH AFFECT YOU OR YOUR BUSINESS?

On 20 February 2019, Tito Mboweni, Finance Minister delivered his 2019 Budget Speech. In arguably the most uneventful budget in the past 25 years, hereby a short summary of the most significant proposals for the 2019 Budget as tabled by … Continue reading

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FIXED AND REIMBURSIVE TRAVEL ALLOWANCES

When determining the best remuneration package for travelling employees, South African employers and employees are continuously considering the benefits between a travel allowance, a reimbursive travel allowance or both. For this purpose, the employees’ tax (“PAYE’’) and income tax consequences … Continue reading

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