TGS South Africa News
January 31, 2019
“Artificial Intelligence is a tool, not a threat” (Rodney Brooks, Roboticist) There has been fear that the rise of Artificial Intelligence (AI) and robots will considerably […]
January 31, 2019
In the life cycle of your company there will be times when you need to recapitalise the business. When would you need to issue shares? A […]
January 31, 2019
With the release of final Regulations for the Protection of Personal Information Act (“POPIA”, often referred to as “POPI”), the Act’s commencement has become imminent. Once […]
January 31, 2019
Concepts the West has taken for granted are now being openly questioned, such as, is liberalism bad, is capitalism flawed, and does the company deliver what […]
January 31, 2019
On 20th February the Minister of Finance, Tito Mboweni, will make his budget speech. Traditionally, the Minister asks the public what they would like to see […]
January 31, 2019
The second provisional tax payment for the 2018/2019 tax year is due by 28 February. If your taxable income is below R1 million your estimate of taxable […]
January 8, 2019
“Prediction is very difficult, especially if it is about the future” (Nils Bohr – Nobel Laureate) Normally the market and economic commentators react favourably to interest […]
January 8, 2019
A recent Supreme Court of Appeal (SCA) judgment has confirmed a view that our courts have held for a long time – namely that when a […]
January 8, 2019
Recently the artist Banksy put up for auction a work called “Girl with Balloon”. It was sold for GBP860,000. No sooner had it been sold than […]
January 8, 2019
“South Africa has lost R700 billion to corruption over the last 20 years” (Institute of Internal Auditors) The Companies Act requires a company to set up […]
January 8, 2019
The Minister of Finance warned in his 2017 Budget speech that VAT on electronic services would be widened. Treasury has now published regulations that come into […]
January 8, 2019
Provisional taxpayers who use eFiling need to submit their 2017/8 Income Tax Return on or before 31 January 2019. You will have noticed that being registered […]
November 29, 2018
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails” (William Arthur Ward) As we wind down from a […]
November 29, 2018
SARS have instructed that taxpayers on eFiling need to submit supporting documentation as follows: Files should be no more than 5mb each. You can upload up […]
November 29, 2018
The new Minister of Finance didn’t have much time to prepare for the Medium Term Budget Speech (MTBS) but he carried it off well. The MTBS […]
November 29, 2018
Cabinet has approved the most wide ranging amendments to the Companies Act (the Act) since its launch in 2011. Some of the important issues are briefly […]
November 29, 2018
Taxpayers and tax practitioners have in recent months been surprised to find their medical claim tax credits queried by SARS. Up to this year the processing […]
October 31, 2018
“Hubris … extreme or foolish pride or dangerous overconfidence” (Wikipedia) There is so much information going around that it is almost impossible to see through […]
October 31, 2018
Recently the Labour Court ruled in favour of an employee who was dismissed for failing to produce a required medical certificate. The employee had a history […]
October 31, 2018
One of the advantages of the technological revolution is that advances move swiftly down the cost curve. Accounting software for small and medium-sized enterprises (SMEs) has […]