A well-known attorney recently said he is constantly surprised by the number of shareholder disputes that could be quickly resolved if there was a shareholder agreement. The importance of shareholder agreements Human nature is fickle and a few years after starting a company on a handshake, things...
For ease of reference please find below - The new tax tables for individuals and trusts (with notes). The new tax tables for Small Business Corporations. ...
“What people really want is fairness. They want people paying their fair share of taxes” (Barack Obama) In the Medium Term Budget Speech (MTBS) last October, Finance Minister Gigaba laid out some frightening numbers – tax revenue was not rising as predicted and expenditure was inexorably...
The second provisional tax payment for the 2018 tax year is due by or on 28 February. Taxpayers are required to estimate their total taxable income (including any capital gains) for the tax year. Percentage based penalties of twenty percent will apply where your estimate is...
The Minister of Finance makes his Budget Speech on 21 February and would like to hear your tips for the Budget. To submit your suggestions go to “Budget Tips” on the National Treasury website. Our 2018 Budget is one of the most important since 1994 and...
The cost of tax compliance has recently been in the spotlight as SARS’ revenues have fallen and pressure is mounting on taxpayers to spend even more time on tax compliance. Reducing these costs will have beneficial effects on the economy: As costs of compliance fall...
George, the CEO of a company, was driving with his Finance Director, James, to a meeting. George had learned of a recent Tax Court case around stock values and was curious to know more. “James what does this stock case mean?” George asked. “Firstly, stock valuation has...
"Join the slow e-mail movement! Read your mail just twice each day. Recapture your life’s time and relearn to dream." (Dan Russell, IBM Researcher) We live in times of immediate responses and instant gratification. A survey done on emails showed that people check their emails up...