Category Archives: Finance

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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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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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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BUILDING A BALANCED BOARD

The King IV report makes this clear: It is crucial for an organisation to get the right mix and balance of people to sit on its board. The report implies there is a positive correlation between the diversity of skills … Continue reading

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7 MONEY-SAVING TIPS FOR 2019

The New Year represents the perfect opportunity to whip your finances back into shape, beginning by implementing these seven simple money-saving tips from Citadel Advisory Partner Daryl Coker. Set your financial goals As humans it’s common to want to wipe … Continue reading

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KORPORATIEWE BEHEER – FINANSIËLE JAAREINDE

Die finansiële jaar van ’n maatskappy staan bekend as die rekenkundige periode. Ingevolge artikel 27 van die Maatskappywet No. 71 van 2008 (“die Wet”), het elke maatskappy wat geregistreer is ingevolge die Wet ’n finansiële jaareinde. Hierdie datum word vervat … Continue reading

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THE STRUGGLE OF SAVING

We live in a time of ever-increasing living costs and financial pressure. Fuel price hikes. Food price increases due to the drought. High interest rates. Rising taxes. It is becoming more and more difficult to save, and for some people … Continue reading

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OMHEINING VAN VERLIESE (ARTIKEL 20A) VIR NATUURLIKE PERSONE

Artikel 20A het met ingang van 1 Maart 2004 in werking getree. Hierdie artikel handel oor die omheiningsbepalings wat verhoed dat natuurlike persone hul belasbare inkomste verminder deur verliese uit sekondêre handel te gebruik. Artikel 20A vervang altans nie artikels … Continue reading

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CRYPTOCURRENCY

Cryptocurrency and blockchain has been the hot topic in the media the past year. It is a concept that few truly understand, and could change the future for everyone in a major way. But what is cryptocurrency and blockchain? Per … Continue reading

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