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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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....
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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