Blog | Bloom & Associates Incorporated

Small Business Owners: Don’t Overlook Your New Compliance Requirements!

Bloomsa

May 30, 20192 min read

Small Business Owners: Don’t Overlook Your New Compliance Requirements!

Small business has limited resources and optimising these resources is a balancing act. Part of this balancing act includes the role of...

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Your Tax Deadlines for July 2019 and Good News for Taxpayers

Bloomsa

May 30, 20192 min read

Your Tax Deadlines for July 2019 and Good News for Taxpayers

Firstly, there are no major deadlines in June but tax season opens in July, so make sure you have all your documentation ready for your...

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Small Businesses: Make The Most of Your Tax Breaks!

Bloomsa

Apr 30, 20193 min read

Small Businesses: Make The Most of Your Tax Breaks!

“There are two systems of taxation in our country: one for the informed and one for the uninformed.” (U.S. Judge Learned Hand) Whether...

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Quick Wins to Get Our Economy Going Again

Bloomsa

Apr 30, 20192 min read

Quick Wins to Get Our Economy Going Again

“I approach every problem with optimism” (Nelson Mandela) The mood of optimism that pervaded a year ago is rapidly fading – the Business...

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Employers – Need Reducing Staff Conflict With Employee Rights?

Bloomsa

Apr 30, 20192 min read

Employers – Need Reducing Staff Conflict With Employee Rights?

The Companies Act gives directors wide powers to manage the organisation – the Act states “The business and affairs of a company must be...

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Tax and Solar Energy Plants: Your Business Can Deduct the Costs Upfront

Bloomsa

Apr 30, 20191 min read

Tax and Solar Energy Plants: Your Business Can Deduct the Costs Upfront

“If only there was some kind of an infinite power source that was free to use all day every day…” (Anon) In a recent binding ruling, SARS...

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SARS – Important Update on VAT for E-Services from Foreign Suppliers

Bloomsa

Apr 30, 20192 min read

SARS – Important Update on VAT for E-Services from Foreign Suppliers

This has been causing waves since SARS stated its intentions of making electronic services subject to VAT last year. Now the final...

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Your Tax and Other Deadlines for May 2019

Bloomsa

Apr 30, 20191 min read

Your Tax and Other Deadlines for May 2019

Your Employer Annual Reconciliation Declaration (EMP501) for the period 1 March 2018 to 28 February 2019 is due on or before 31 May. This...

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Expat Tax: How Will The Changes Affect You?

Bloomsa

Mar 27, 20193 min read

Expat Tax: How Will The Changes Affect You?

“A fine is a tax for doing wrong. A tax is a fine for doing well.” (Ecard humour) (Note: If you aren’t yourself an expatriate, please...

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Companies: Don’t Inadvertently Encourage Unethical Behaviour

Bloomsa

Mar 27, 20193 min read

Companies: Don’t Inadvertently Encourage Unethical Behaviour

“So much of what we call management consists in making it difficult for people to work” (Peter Drucker) In a recent interview of a...

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The CIPC Is Taking On Wrongdoing by Directors – A R4.3bn Example

Bloomsa

Mar 27, 20192 min read

The CIPC Is Taking On Wrongdoing by Directors – A R4.3bn Example

The Companies and Intellectual Property Commission (CIPC) has often been viewed as just an administrator and recorder of decisions made...

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Sugar Tax: Good for the Taxman, Bad for the Sugar Industry

Bloomsa

Mar 27, 20192 min read

Sugar Tax: Good for the Taxman, Bad for the Sugar Industry

“If governments tax products like sugary drinks, they can reduce suffering and save lives. They can also cut healthcare costs and...

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Bloomsa

Mar 27, 20191 min read

What Our New Tax Statistics Tell Us

There are only run-of-the-mill tax deadlines in April, but some interesting information emerged from the recently-released 2018 edition...

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Bloomsa

Feb 27, 20192 min read

What does Budget 2019 mean for you?

The following proposed tax changes were announced Income tax rates are left unchanged. The primary rebate was marginally increased but...

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Your Selection of Budget 2019 Tax Calculators

Bloomsa

Feb 27, 20191 min read

Your Selection of Budget 2019 Tax Calculators

“People who complain about taxes can be divided into two classes: men and women” (Anon) How long will you work for the taxman today?...

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Bloomsa

Feb 27, 20194 min read

Budget 2019: Credibility Restored?

“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them...

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How to Improve Risk Management in Your Business

Bloomsa

Feb 27, 20192 min read

How to Improve Risk Management in Your Business

Risk management has become increasingly popular in the past twenty years. It is also a corner stone of good governance. Despite this...

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VAT Taxpayers: New Relief on Correcting Tax Invoices

Bloomsa

Feb 27, 20192 min read

VAT Taxpayers: New Relief on Correcting Tax Invoices

There has been an anomaly in VAT law which new legislation has now largely resolved. The problem with the old position It has always been...

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SARS Warns Taxpayers: “Use Only Registered Tax Practitioners”

Bloomsa

Feb 27, 20191 min read

SARS Warns Taxpayers: “Use Only Registered Tax Practitioners”

There are no major tax deadlines for March but SARS is again warning taxpayers to – Only use registered Tax Practitioners, Ask for the...

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AI and the Changing Face of Jobs: Good News If We React Now

Bloomsa

Jan 31, 20192 min read

AI and the Changing Face of Jobs: Good News If We React Now

“Artificial Intelligence is a tool, not a threat” (Rodney Brooks, Roboticist) There has been fear that the rise of Artificial...

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