September 8, 2021

Must employees disclose their vaccination status?

While employers cannot force their employees to be vaccinated, there are various grounds for dismissing employees who object, provided that the employer has conducted a thorough risk assessment to determine the need for vaccination. […]
September 8, 2021

Types of cyberattacks that can jeopardise personal information

Since the POPI Act was introduced, many businesses have taken the time and effort to implement a POPI strategy that complies with the Act’s basic requirements. But for […]
September 8, 2021

Balancing your business’s losses and taxes

In line with the 2020 Budget Announcement, Government proposes to broaden the corporate income tax base by restricting the offset of the balance of assessed losses […]
September 8, 2021

Anomalies in fringe benefits regarding retirement funds addressed

With effect from 1 March 2016, and in terms of paragraph 2(l) of the Seventh Schedule to the Income Tax Act, all employer contributions to a retirement fund on […]
August 24, 2021

Gross vs net profit: Why numbers are deceiving

In the world of business, your earnings can make a large difference between getting investors to invest in your business and being completely overlooked. Many business […]
August 24, 2021

Consider your home office this tax season

Tax practitioners have been inundated with queries from clients on the possible relief offered by the South African Revenue Service (“SARS”) on the possibility of deducting […]
August 24, 2021

New legislation for marriages on the way

Being a person’s spouse could have varying tax consequences, particularly where they are married in community of property. Currently, for income tax purposes, you are deemed […]
August 24, 2021

Barter transactions: What is the tax cost of my asset?

Barter transactions are commonplace in today’s commercial environment. Parties exchange goods or services without a cash transaction underpinning it. The question is, “What happens when I sell the asset […]
July 21, 2021

Are your tax practices paying dividends?

Although there are several exclusions to the general rule, South Africa applies a withholding tax on dividends declared by companies at a rate of 20%. It […]
July 21, 2021

Even if an employee steals, you can’t simply dismiss them

Every now and then a new news story is published of an employee who steals a great sum of money from the company they work for. Most […]
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