TGS South Africa News

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 […]
April 25, 2018

Here’s what You Should Know About “YES” (our Youth Employment Service) and the Opportunity for SMEs

One of the most intractable problems facing South Africa is high unemployment, particularly (and this is a global problem) among the youth. Initiatives to deal with […]
April 25, 2018

A Tank of Petrol – Where Does Your Money Go?

Are you aware that less than 40% of the petrol price is made up of actual petrol cost? Most of it goes to pay tax (Fuel […]
April 25, 2018

How Big is Your Carbon Footprint and How Can You Reduce It?

“We’re running the most dangerous experiment in history right now, which is to see how much carbon dioxide the atmosphere… can handle before there is an […]
April 25, 2018

Bitcoin is Taxable!

SARS has released a media statement on Bitcoin in which it states that people dealing in Bitcoins or other cryptocurrencies are subject to normal Income Tax […]
April 25, 2018

Your Tax Deadlines for May

Your annual EMP501 reconciliation for the period 1 March 2017 – 28 February 2018 is due for submission by 31 May 2018, together with all Employees […]
March 29, 2018

Directors: The Steinhoff Debacle Highlights Your Exposure To Personal Liability

The “new” Companies Act of 2008 promised to place greater accountability and liability burdens on directors. This was in response to directors being given greater powers […]
March 29, 2018

South Africa’s Importance To The World

“The only man I envy is the man who has not been to Africa – for he has so much to look forward to” (Richard Mullin) […]
March 29, 2018

How To Grow Your Small Business Rapidly With Digitalisation

“Digitalisation – the use of digital technologies to change a business model and provide new revenue and value-producing opportunities” (Gartner Glossary) Surveys show that small to […]
March 29, 2018

Minimum Wage Starts Soon: Make Sure You Are Ready

The new minimum wage provisions, originally due to start on 1 May but now reportedly facing delay due to the high number of submissions received from […]