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Categories
Monthly Archives: September 2016
FINANCIAL ASSISTANCE BY COMPANIES TO ISSUE SHARES
Section 38 of the Companies Act, 61 of 1973 (now repealed) contained a prohibition against companies issuing shares to prospective shareholders on loan account. This was identified as one of the hurdles in the way of BEE empowerment deals specifically … Continue reading
Posted in Finance
Tagged Companies Act, Financial assistance, Shares
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YOUR PRIMARY RESIDENCE AND CAPITAL GAINS TAX
Capital gains tax is somewhat of a misnomer in that it does not represent a tax in and of itself, but rather operates to include a portion of a person’s capital gains realised when an asset is sold in that … Continue reading
Posted in Tax
Tagged Capital Gains Tax, Primary Residence
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EMPLOYER INTERIM RECONCILIATION
In the past SARS required the Employer Reconciliation to be done every twelve months. A few years ago SARS introduced the Employer Interim Reconciliation in addition to the annual Employer Reconciliation. The Employer Interim Reconciliation have the same requirements as … Continue reading
Posted in Tax
Tagged Employer Interim Reconciliation, SARS, Tax
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YOUR WILL – AN IMPORTANT DOCUMENT
Life is unpredictable, therefore we advise our clients to lose no time in drawing up their will and planning their estate. Below are important reasons why this should be one of your top priorities. Q: Why should I have a … Continue reading