Newsletter August 2015

B-BBEE CERTIFICATES AND SMALL BUSINESS The amended B-BBEE Codes of Good Practice became effective as from the 1 May 2015. The DTI published a Notice in the Government Gazette shortly thereafter, clarifying the dates the Codes become effective, as follows:   All B-BBEE verifications conducted using the financial year ending before 30 April 2015, can [...]

By |2017-03-30T10:39:50+02:00August 1st, 2015|Newsletter|

Newsletter April 2015

TAX FREE SAVINGS AND INVESTMENT ACCOUNTS National Treasury issued a media statement on Friday 20 February 2015 to indicate that the Minister has approved the publication of the Regulations and Notice under section 12T(8) of the Income Tax Act, 1962 that allows for the introduction of Tax Free Savings and Investment Accounts with effect from [...]

By |2017-03-30T09:25:24+02:00April 1st, 2015|Newsletter|

Newsletter March 2015

2015 BUDGET SPEECH – HIGHLIGHTS In his first National Budget speech, Finance Minister Nhlanhla Nene stated that it was a challenging budget to prepare, under difficult circumstances, including electricity supply challenges and a weaker economic environment. As stated by Minister Nene, “The 2015 Budget tax proposals aim to increase tax revenues, limit the erosion of [...]

By |2017-03-29T16:27:06+02:00March 29th, 2015|Newsletter|

Newsletter February 2015

INTERNAL CONTROLS The South African media is awash with stories of maladministration, fraud and corruption. Small businesses are the most vulnerable to fraud because they often don’t have effective internal controls. This is largely as a result of the cost of ensuring compliance with internal control systems. However, by removing opportunity and motivation for fraud [...]

By |2017-03-29T15:56:36+02:00February 1st, 2015|Newsletter|
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