Category Archives: Business

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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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) … Continue reading

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PURPOSE FIRST, PROFIT LATER

South African business headlines were dominated by corporate disgrace in 2018 – the continued fallout from the Steinhoff scandal, the listeriosis outbreak, the Momentum life insurance controversy, and the state capture allegations tainting the reputations of several leading management consulting … Continue reading

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RING-FENCING OF ASSESSED LOSSES OF CERTAIN TRADES – PART I

Persons are generally allowed to set off any losses incurred in respect of one trade against the income derived from another trade, thereby reducing their overall tax liability. However, section 20A of the Income Tax Act[1]ring-fences losses incurred by natural … Continue reading

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VALIDITY OF VOETSTOOTS CLAUSES UNDER THE CONSUMER PROTECTION ACT

Consumers often opt to purchase second-hand goods in order to save money or because of the mere fact that they stumbled upon a bargain. Second-hand goods, although a possible bargain, can be risky to buy as it may contain defects, … Continue reading

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WHAT SHOULD YOU CONSIDER WHEN INVESTING IN A BUSINESS

You have worked hard for many years, and have finally saved enough funds and mustered the courage to take the big leap that you have been dreaming about for such a long time… you are going to invest in your … Continue reading

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KORPORATIEWE BEHEER – NAAMSVERANDERINGE

Dit staan ʼn maatskappy of beslote korporasie vry om sy naam te verander indien verkies.  Vir maatskappye sal die naamsverandering ʼn spesiale besluit tot gevolg hê wat deur die aandeelhouers van die maatskappy goedgekeur moet word en in die geval … Continue reading

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BUYING OUT SHAREHOLDERS

We are often approached by clients to advise on the most tax efficient manner in which a shareholder can sell an investment in a private company. Typically, the parties involve a majority shareholder of a company that is interested in … Continue reading

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HOW TO PRACTISE GOOD BUSINESS

The Gupta saga and ethical indiscretions at Steinhoff, McKinsey and KPMG have most recently shone the spotlight on unethical business practises in South Africa. This is not a uniquely South African problem, the world is plagued by scandals of corruption … Continue reading

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END OF FINANCIAL YEAR GOALS FOR BUSINESS OWNERS

Provisional Tax Deadline: 28 February The second provisional tax deadline for submission and payment is due on 28 February. Make sure that your final tax planning for the financial year has been done and that your cash flow is in … Continue reading

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