TGS South Africa News

February 1, 2017

Submit Your Budget 2017 Tips!

Minister of Finance, Pravin Gordhan, makes his budget speech on 22 February and would like to hear your tips for the budget. To submit your suggestions […]
February 1, 2017

Tax Ombud Now Has More Powers

The Office of the Tax Ombud (“OTO”) was created in 2013 and despite initial doubts as to its role has carved a niche for itself and […]
February 1, 2017

“Just Walk Out” – Amazon Is Revolutionising Grocery Shopping.

In South Africa only about 10% of retail shopping is done online as shoppers still prefer to go to malls to do their shopping. The worst […]
February 1, 2017

Developing Your Senior Staff: Let Them Run Meetings

One underrated but important aspect of an organisation is its ability to run effective meetings. Problems are identified and strategies are put in place to chart […]
February 1, 2017

Will 2017 Be Better Than Expected?

2016 was our annus horribilis with drought, political uncertainty, low commodity prices, rising inflation and a weak currency. From such a low base, economists are arguing […]
January 6, 2017

In 2017 there’s No Place for Hedgehogs When Forecasting

“A fox knows many things, but a hedgehog one important thing” (Ancient Greek poet Archilochus)   Looking into the future is one of the most important aspects of business. We […]
January 6, 2017

There’s Plenty of Good News Out There!

“When you’re chewing on life’s gristle, Don’t grumble, give a whistle! And this’ll help things turn out for the best And always look on the bright […]
January 6, 2017

Sectional Title Owners Beware: Your Body Corporate Must Have Adequate Reserves

Recent legislation has been passed which obliges trustees of sectional title schemes to set up a reserve for repairs, maintenance and asset replacement of the common […]
January 6, 2017

Litigation Funding: An Affordable Way of Accessing Justice

In the life-span of a business, there will almost certainly be a protracted legal process. To a small or medium-sized business, this can prove ruinous as […]
January 6, 2017

Your Tax Deadlines and Notes for January

The due date for provisional taxpayers via eFiling is 31 January 2017. Don’t forget, if you are involved in a dispute with SARS, the definition of […]
November 30, 2016

Directors Don’t Like Goodbyes

“Parting is such sweet sorrow” (Shakespeare) One of the predicted negatives from the Companies Act (the Act) and the King Codes was it would be difficult […]
November 30, 2016

Beware of Trump’s Victory – Hard Economic Times Loom for SA

Donald Trump will soon be the 45th President of the United States. So far he is still threatening to implement his populist campaign promises (e.g. partially […]
November 30, 2016

Don’t Miss Your Deadline for Employment Equity Reports

Failure by “designated” employers to lodge their employment equity reports on time risks severe penalties, with first offenders risking a fine of the greater of R1,5m […]
November 30, 2016

Mandatory Audit Firm Rotation is in the News – Will it Apply to You?

There have been many articles in the financial press over mandatory audit firm rotation (MAFR). This followed an announcement by the Independent Regulatory Board for Auditors […]
November 30, 2016

Minimum Wages for Domestic Workers Increased

This year’s new minimum wages for all domestic workers are set out in the table at the end of this article. Who is covered? All domestic […]
November 30, 2016

Your Tax Deadlines For December

There are no significant tax deadlines for December.  Don’t forget, if you are involved in a dispute with SARS, the definition of business days allowed for each party to respond […]
November 7, 2016

Are We Headed for Junk Status or Only Tax Increases?

“We have to show that we will stick to our undertakings on consolidation, but on the other hand we have got to be very mindful that […]
November 7, 2016

When Your Lease isn’t a “Lease”

“In effect, [the High Court] held that the particular lease was not a lease. This may sound like a fragment of Alice in Wonderland. If that […]
November 7, 2016

Are You Struggling to Get Your Tax Refund?

There is a feeling that taxpayers are getting fed up over the amount of tax they have to pay. Add to this the adverse publicity SARS […]
November 7, 2016

The Special Voluntary Disclosure Programme Begins – What’s Changed?

We recently discussed the Special VDP which lets non-compliant taxpayers voluntarily disclose offshore assets and income in order to regularise both their tax and exchange control […]
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