Monthly Archives: July 2019

Duties of an executor

The tasks outlined in the summary below fall under the duties of the executor who may be a family member, a trusted friend or a financial institution. Please note: this is a basic guide for straightforward cases. Possible complications and … Continue reading

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Choosing between IFRS and IFRS for SMEs

Over the last few years we have seen various changes being made with regards to the IFRS (International Financial Reporting Standards) accounting framework. These include new standards such as IFRS 15 (revenue), IFRS 9 (financial instruments) and IFRS 16 (leases), … Continue reading

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Income vs revenue in the sale of shares

The distinction between amounts of a capital nature as opposed to a revenue (or income) nature is essential, and over the years, few other topics have enjoyed so much attention in our tax courts. Although most taxpayers appreciate this distinction, … Continue reading

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Value-added remarks on Value-Added Tax (VAT)

VAT is an integral part of our economic society and is something that influences everyone, especially businesses in South Africa.  In this article, we will discuss a few do’s and don’ts regarding VAT. Valid tax invoices In South Africa’s current … Continue reading

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