TGS South Africa News
June 28, 2018
“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
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
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
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
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
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
“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 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
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
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
“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
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
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
“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
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 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
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
“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
“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
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 […]