Blog | Bloom & Associates Incorporated

Directors: The Potential Liabilities You Face When Issuing Shares

Bloomsa

Jan 31, 20192 min read

Directors: The Potential Liabilities You Face When Issuing Shares

In the life cycle of your company there will be times when you need to recapitalise the business. When would you need to issue shares? A...

9 views0 comments

POPIA is Now Imminent: Don’t Underestimate the Work Involved

Bloomsa

Jan 31, 20191 min read

POPIA is Now Imminent: Don’t Underestimate the Work Involved

With the release of final Regulations for the Protection of Personal Information Act (“POPIA”, often referred to as “POPI”), the Act’s...

3 views0 comments

Does “The Company” Still Have A Role To Play?

Bloomsa

Jan 31, 20192 min read

Does “The Company” Still Have A Role To Play?

Concepts the West has taken for granted are now being openly questioned, such as, is liberalism bad, is capitalism flawed, and does the...

4 views0 comments

Bloomsa

Jan 31, 20191 min read

Budget 2019: Your Tips for Tito

On 20th February the Minister of Finance, Tito Mboweni, will make his budget speech. Traditionally, the Minister asks the public what...

3 views0 comments

Bloomsa

Jan 31, 20191 min read

Your Tax Deadlines For February 2019

The second provisional tax payment for the 2018/2019 tax year is due by 28 February. If your taxable income is below R1 million your...

2 views0 comments

Interest Rates in 2019 – Which Way Will They Go and Why?

Bloomsa

Jan 8, 20193 min read

Interest Rates in 2019 – Which Way Will They Go and Why?

“Prediction is very difficult, especially if it is about the future” (Nils Bohr – Nobel Laureate) Normally the market and economic...

6 views0 comments

Deemed Accruals Can Seriously Disrupt Your Cash Flow – A Tax Lesson for Property Developers

Bloomsa

Jan 8, 20192 min read

Deemed Accruals Can Seriously Disrupt Your Cash Flow – A Tax Lesson for Property Developers

A recent Supreme Court of Appeal (SCA) judgment has confirmed a view that our courts have held for a long time – namely that when a...

2 views0 comments

What Is a Valuation Worth? The Art of Valuing Assets and Businesses

Bloomsa

Jan 8, 20192 min read

What Is a Valuation Worth? The Art of Valuing Assets and Businesses

Recently the artist Banksy put up for auction a work called “Girl with Balloon”. It was sold for GBP860,000. No sooner had it been sold...

3 views0 comments

Directors: Fighting Corruption via Your Social and Ethics Committee

Bloomsa

Jan 8, 20192 min read

Directors: Fighting Corruption via Your Social and Ethics Committee

“South Africa has lost R700 billion to corruption over the last 20 years” (Institute of Internal Auditors) The Companies Act requires a...

4 views0 comments

Be Aware Of the Changes to VAT on Electronic Services

Bloomsa

Jan 8, 20192 min read

Be Aware Of the Changes to VAT on Electronic Services

The Minister of Finance warned in his 2017 Budget speech that VAT on electronic services would be widened. Treasury has now published...

5 views0 comments

Bloomsa

Jan 8, 20191 min read

Your Tax Deadlines for January 2019

Provisional taxpayers who use eFiling need to submit their 2017/8 Income Tax Return on or before 31 January 2019. You will have noticed...

2 views0 comments

Bloomsa

Nov 28, 20182 min read

Let’s Be Realistic and Positive in 2019

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails” (William Arthur Ward) As we...

3 views0 comments

Taxpayers Note: How To Upload Supporting Documents Using eFiling

Bloomsa

Nov 28, 20181 min read

Taxpayers Note: How To Upload Supporting Documents Using eFiling

SARS have instructed that taxpayers on eFiling need to submit supporting documentation as follows: Files should be no more than 5mb each....

70 views0 comments

The Medium Term Budget Speech and the Rating Agencies – Danger in December

Bloomsa

Nov 28, 20183 min read

The Medium Term Budget Speech and the Rating Agencies – Danger in December

The new Minister of Finance didn’t have much time to prepare for the Medium Term Budget Speech (MTBS) but he carried it off well. The...

5 views0 comments

Changes Are Coming to The Companies Act – Be Ready for Them

Bloomsa

Nov 28, 20182 min read

Changes Are Coming to The Companies Act – Be Ready for Them

Cabinet has approved the most wide ranging amendments to the Companies Act (the Act) since its launch in 2011. Some of the important...

2 views0 comments

Is SARS Attacking Your Medical Tax Credit?

Bloomsa

Nov 28, 20182 min read

Is SARS Attacking Your Medical Tax Credit?

Taxpayers and tax practitioners have in recent months been surprised to find their medical claim tax credits queried by SARS. Up to this...

7 views0 comments

When Hubris Grows, Can a Market Crash Be Far Behind?

Bloomsa

Oct 31, 20182 min read

When Hubris Grows, Can a Market Crash Be Far Behind?

“Hubris … extreme or foolish pride or dangerous overconfidence” (Wikipedia) There is so much information going around that it is almost...

5 views0 comments

Lack of a Medical Certificate Not Enough When Dismissing an Employee

Bloomsa

Oct 31, 20182 min read

Lack of a Medical Certificate Not Enough When Dismissing an Employee

Recently the Labour Court ruled in favour of an employee who was dismissed for failing to produce a required medical certificate. The...

4 views0 comments

Cloud Based Accounting: Ideal For Your Small Business?

Bloomsa

Oct 31, 20182 min read

Cloud Based Accounting: Ideal For Your Small Business?

One of the advantages of the technological revolution is that advances move swiftly down the cost curve. Accounting software for small...

5 views0 comments

Is Your Problem With SARS A Systemic Issue? If So, Speak To the Tax Ombud

Bloomsa

Oct 31, 20182 min read

Is Your Problem With SARS A Systemic Issue? If So, Speak To the Tax Ombud

Many taxpayers are experiencing frustrations in their dealings with SARS. The Tax Ombud is there to assist taxpayers if they have...

8 views0 comments