TGS South Africa News

August 31, 2018

Corporate Governance in a Time of Complexity and Crisis

Events have moved swiftly in recent years. One of the largest South African conglomerates, Steinhoff, has virtually collapsed amidst allegations of dubious structures and transactions. Some […]
August 31, 2018

Travelling Abroad – Do You Have To Declare Your Personal Possessions On Re-Entry?

There is some confusion over whether to declare your laptops, golf clubs, iPads and other such valuables that you travel out of the country with. The […]
August 31, 2018

Your Tax Deadlines For September

The third provisional payment for the 2017/2018 tax year is due on or by 28 September 2018. This payment is voluntary and you only need to […]
July 31, 2018

The New Travel Allowances: How Do They Affect You and Are They Working?

For the new tax year changes were made to how we are reimbursed for business travelling expenses.   Why did SARS make changes and to which […]
July 31, 2018

SARS’ New Service Charter – A Positive Step

New management at SARS is trying to rebuild the institution as the world class organisation it once was. Amongst the outcomes it hopes to achieve in […]
July 31, 2018

Box Clever With Cash When You Retire

“The question isn’t at what age I want to retire, it’s at what income.” George Foreman   There are many things to consider when you retire. […]
July 31, 2018

Good Staff Relationships Are Just As Important As Pay

There are strikes seemingly now all the time and usually the dispute is over wage increases and benefits. On the other side of the coin, when […]
July 31, 2018

Your Tax Deadlines for August and SARS’ World Map of International Tax Agreements

If you are an individual provisional taxpayer your first 2019 provisional payment is due on 31 August. P.S. If South Africa’s various double taxation agreements, information […]
June 28, 2018

Your 2018 Tax Season Deadline: Brought Forward By Three Weeks?

“The best way to teach your kids about taxes is by eating 30 percent of their ice cream” (Bill Murray) The 2018 tax season for individuals […]
June 28, 2018

Will Cash Disappear From Society?

“Forewarned is forearmed” (Wise old proverb) In the last decade we have witnessed the slow death of the cheque.  Today we have Bitcoin, payment apps and […]
June 28, 2018

Have You Been Hacked? Check Now!

In May this year data the ViewFines website was hacked, exposing a database containing the passwords, cell phone numbers, email addresses and I.D.s of 934,000 South […]
June 28, 2018

Small and Medium-Sized Businesses: How to Stay Healthy and Profitable

Today getting an SME going is incredibly difficult as they face enormous red tape (FICA, getting loans, VAT registration and so on) and have difficulty getting […]
June 28, 2018

Your Tax Deadlines for July, and Keep Your Car Allowance Logbook Up To Date!

There are no major deadlines this month. Just a reminder for those on a car allowance to keep comprehensive logbooks as per SARS requirements of all […]
May 31, 2018

Lessons for Your Business: How Does the World’s Most Successful Company Keep Growing?

Amazon is now regarded as the best company in the world – its market capitalisation is approaching R800 billion and its founder Jeff Bezos is the […]
May 31, 2018

When Do We Stop Working for SARS This Year?

It has become a global phenomenon measuring Tax Freedom Day, the day up to which you work to pay your taxes – only after Tax Freedom […]
May 31, 2018

Risk Management for Your SME

“All courses of action are risky, so prudence is not in avoiding danger (it’s impossible), but in calculating risk and acting decisively” (Niccolo Machiavelli) We are […]
May 31, 2018

The European Union has Implemented GDPR – It May Affect You

The EU’s General Data Protection Regulation (GDPR) became enforceable on the 25th of May. It is regarded as the world’s most comprehensive legislation protecting private data. […]
May 31, 2018

Companies: “XBRL” is Coming Soon. What is it and Are You Affected?

The Companies and Intellectual Property Commission (CIPC) will from 1 July 2018 require that all Annual Financial Statements (AFS) submitted to the CIPC be in Extensible […]
May 31, 2018

Your Tax Deadlines for June, and Beware SARS Scams

There are only run-of-the-mill deadlines this month. It is worth getting your filing and workpapers ready for your 2018 tax return as filing season opens in […]
April 25, 2018

Practical Tips on Cash Flow

“Never take your eyes off cash flow because it’s the life-blood of business” (Richard Branson) The Companies Act is underpinned by the assumption of liquidity and […]
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