While profit and cash may be the ultimate heroes of the small business world, there is a component of the bottom line which may be just as informative. This component is called revenue, which can give the user of financial statements actionable information about performance that profit or cash flow from operating activities alone does not reflect.
EXEMPTION FROM INCOME TAX: FOREIGN EMPLOYMENT INCOME
Are you a South African tax resident earning foreign employment income? Then this article will give you some clarity on the section 10(1)(o)(ii) exemption and claiming of your foreign tax credit under section 6quat(1A) read with section 6quat(1B)(a).
U EKSEKUTEUR EN SEKURITEIT AAN DIE MEESTER
Die persoon wat aansoek doen om as Eksekuteur van ‘n boedel aangestel te word, moet sekuriteit aan die Meester lewer vir die behoorlike uitvoering van sy/haar pligte.
PERSONEELNUUS
Ons is trots op ons kollegas wat so goed presteer. Ons kon ons Direkteure tydens Basedag bederf. Ons het ‘n kollega gegroet. In November sien ons uit na ‘n spanbou geleentheid wat in klein groepies gehou gaan word.
THE INFORMATION A TAX INVOICE MUST CONTAIN BEFORE A VAT INPUT TAX DEDUCTION MAY BE CLAIMED
Registered VAT vendors still frequently claim VAT input tax deductions without being in possession of a valid tax invoice. This exposes the VAT vendor to various tax related risks.
NEWS YOU CAN USE – SARS
With SARS there is never a dull moment and always something interesting to take note of… the new, the good, the bad and the ugly.
MEESTERSKANTOOR, WATTER MEESTERSKANTOOR?
Tans word daar geweldige probleme met Meesterskantore met die uitreiking van Eksekuteursbriewe, registrasie van nuwe Trusts en wysiging van Trustees op Trusts ondervind.
Personeel
Tydens September het ons FHBC se 21ste bestaansjaar gevier. Ons kon ook saam met ‘n Rekeningkundige klerk feesvier omdat sy haar graad behaal het. Van ons Direkteure neem met ywer deel aan verskeie bergfietsresiese. Basedag is om die draai.
NEW PAIA REGULATIONS PUBLISHED – INFORMATION OFFICERS TAKE NOTE!
New Regulations were published for the Promotion of Access to Information Act 2 of 2000 (PAIA), and it affects POPIA (Protection of Personal Information, Act 4 of 2013) and it places additional duties and responsibilities on the Information Officer. Information Officers must take cognisance of the new changes.
TAX EXEMPTION BURSARIES
Employees and their relatives who were awarded scholarships and bursaries benefited from a tax exemption since 2006 but this programme became the subject of controversy in 2020.