Monthly Archives: February 2017

THE COMPANIES ACT’S SOLVENCY AND LIQUIDITY TEST

Posted on February 27, 2017 by StrachanCrouse

A company would satisfy the solvency and liquidity test if, considering all reasonably foreseeable financial circumstances of the company at that time: (a) the fair value of the assets of the company equal or exceed the fair value of its liabilities; … Continue reading →

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THE TAXATION OF PARTNERSHIPS

Posted on February 27, 2017 by StrachanCrouse

In terms of South African law natural persons (individuals) and legal persons all enjoy legal personality: in other words, both groups represent “persons” capable of e.g. legally acting on their own behalf, own property and to earn income. Consequently, they … Continue reading →

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HOW TO SAVE ON AUDIT FEES: FINANCIAL AUDIT PREPARATION CHECKLIST

Posted on February 27, 2017 by StrachanCrouse

An audit can protect business stakeholders from the risk of fraudulent practices and therefore stakeholders will often require audits to be done annually. If a business doesn’t have a choice whether to have an audit done or not, they can … Continue reading →

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ESTATE PLANNING FOR YOUNG ADULTS

Posted on February 27, 2017 by StrachanCrouse

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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