Blog | Bloom & Associates Incorporated

Bloomsa

Sep 30, 20193 min read

Our Economic Outlook: Good News or Bad?

“Prediction is very difficult, especially if it’s about the future” (Niels Bohr, theoretical physicist and Nobel Prize winner) After...

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Bloomsa

Sep 30, 20191 min read

Your Tax Deadlines for October 2019

Deadlines this month are – 7 October – Monthly PAYE submissions and payments 25 October – VAT manual submissions and payments 30 October...

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Bloomsa

Aug 30, 20193 min read

Be Ready For SARS Employee Audits

“Forewarned is forearmed” (Wise old saying) SARS is having trouble meeting its revenue targets and this is clearly putting enormous...

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Communicate with Candour – the “Oracle of Omaha” Speaks

Bloomsa

Aug 30, 20192 min read

Communicate with Candour – the “Oracle of Omaha” Speaks

“The CEO who misleads others in public may eventually mislead himself in private” (Warren Buffett) Companies that are sustainable in the...

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Your Shareholder Agreement versus Your Memorandum of Incorporation – There Is Only One Winner

Bloomsa

Aug 30, 20192 min read

Your Shareholder Agreement versus Your Memorandum of Incorporation – There Is Only One Winner

Shareholder agreements usually form the backbone of shareholder relationships as they govern, for example, how shareholders sell their...

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Spying On Employees Is Becoming A Big Industry

Bloomsa

Aug 30, 20192 min read

Spying On Employees Is Becoming A Big Industry

Note: As always, our employment laws being complex and the penalties for getting them wrong severe, take specific professional advice in...

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Your Tax Deadlines for September, and an Update on Tax Season 2018/19

Bloomsa

Aug 30, 20191 min read

Your Tax Deadlines for September, and an Update on Tax Season 2018/19

Your third provisional payment for the 2018/2019 tax year is due on or by 30 September 2019. This payment is voluntary, and you only need...

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Don’t Let a Death or Disablement Destroy Your Business

Bloomsa

Jul 30, 20192 min read

Don’t Let a Death or Disablement Destroy Your Business

The greatest need in many small businesses is for cash flow. Picture this scenario: Three people start a business and after a few years...

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If Artificial Intelligence Is Not That Intelligent, Should We Be Worried About Our Jobs?

Bloomsa

Jul 30, 20193 min read

If Artificial Intelligence Is Not That Intelligent, Should We Be Worried About Our Jobs?

“Real stupidity beats artificial intelligence every time” (Terry Pratchett) Artificial Intelligence (AI) is being rolled out in many...

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The Big Mac Index Says the Rand is Way Undervalued

Bloomsa

Jul 30, 20192 min read

The Big Mac Index Says the Rand is Way Undervalued

“Our results indicate that the Big Mac Index is surprisingly accurate in tracking exchange rates over the long-term, which is consistent...

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SARS: Changes to the Employer Statement of Account

Bloomsa

Jul 30, 20191 min read

SARS: Changes to the Employer Statement of Account

This form is designed so that employers can easily reconcile their payroll taxes (PAYE, UIF and SDL). These taxes have proved difficult...

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Bloomsa

Jul 30, 20191 min read

Your Tax Deadlines for August 2019

Individual provisional taxpayers need to submit their first provisional form and payment by or on 30 August. Companies with year ends in...

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How Tax Returns Will Be Easier This Year, and Should You File if You Earn Under R500,000?

Bloomsa

Jun 27, 20193 min read

How Tax Returns Will Be Easier This Year, and Should You File if You Earn Under R500,000?

“Death and taxes may be inevitable but they shouldn’t be related” (J.C. Watts Jr)” Tax season 2019 begins on 1 August (1 July for...

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Business Rescue Options: Going the Informal Route v the Companies Act Route

Bloomsa

Jun 27, 20192 min read

Business Rescue Options: Going the Informal Route v the Companies Act Route

The business rescue provisions in the Companies Act are regarded as progressive and world class and there is evidence that it has worked...

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How Many Days Did You Work For The Taxman In 2019?

Bloomsa

Jun 27, 20192 min read

How Many Days Did You Work For The Taxman In 2019?

“Tax Freedom Day is calculated by dividing general government revenue by GDP at market prices, then multiplying the result by the number...

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Youth Employment Tax Incentive Extended for Ten Years

Bloomsa

Jun 27, 20191 min read

Youth Employment Tax Incentive Extended for Ten Years

There is chronic unemployment in the country and it is especially felt by the youth where up to 50% cannot find a job. The Employment Tax...

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Bloomsa

Jun 27, 20191 min read

Your Tax Deadlines for July 2019

There are only run-of-the-mill deadlines for July – 5 July – PAYE submissions and payments 25 July – VAT manual submissions and payments...

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How You Can Detect Fraud in Your Business

Bloomsa

May 30, 20192 min read

How You Can Detect Fraud in Your Business

Few things are as devastating to a business’ reputation as internal fraud – it undermines staff morale and creates a new uncertain...

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Companies: What is an Alternate Director? A Curious Role…

Bloomsa

May 30, 20192 min read

Companies: What is an Alternate Director? A Curious Role…

“‘Alternate director’ means a person elected or appointed to serve, as the occasion requires, as a member of the board of a company in...

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Worker Burnout: Too Much Work and Unclear Goals

Bloomsa

May 30, 20192 min read

Worker Burnout: Too Much Work and Unclear Goals

“‘Burnout’, n. ‘Physical or mental collapse caused by overwork or stress’” (Oxford Dictionaries) Two issues have come to the fore in...

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