TGS South Africa News

November 29, 2017

Taxpayers: Good News In The Season Of Good Cheer?

There are no important tax deadlines for December, so let’s look at some potentially great news for taxpayers. Could the “pay now, argue later” principle be […]
October 30, 2017

Climate Change: Make Sure Your Home is Correctly Insured

TV and other media have extensively covered natural disasters recently – fires in Knysna, storms and floods in Gauteng and KZN and then more fires along […]
October 30, 2017

Tax on Offshore Income – A Change in Plan

SARS recently issued a draft Tax Bill which proposed taxing South African residents the difference in taxation on offshore income earned. Thus, if 10% tax was […]
October 30, 2017

How are We Doing on the “Better Life Index”?

Since the introduction of double entry bookkeeping in the fifteenth century, it has been widely accepted that profit equates to value. This concept moved to nation […]
October 30, 2017

SMEs Beware: POPI is Finally Becoming a Reality

“Forewarned is forearmed” (wise old proverb) The Protection of Personal Information Act (POPI) has been in the public domain for several years and has been enacted […]
October 30, 2017

The Latest on the SVDP

Access to the Special Voluntary Disclosure Program (SVDP) closed at the end of August 2017 and the government netted a little over R1 billion. There were […]
October 30, 2017

Disappointing – SA Slips Down the World Competitive Index

Every year we report on the World Economic Forum’s (WEF) Global Competitiveness Index. This year South Africa slipped from 48th to 61st in the rankings. What […]
October 30, 2017

Your Tax Deadlines for November and “Watch Out, SARS is On The Warpath!”

Non-provisional taxpayers using eFiling or electronically submitting from a SARS office need to file their 2016/2017 Income Tax Returns on or by 24 November. Secondly, tax […]
September 28, 2017

Running On Empty: Is Our Downgrade To Full Junk Status Coming?

To date only our Rand denominated debt (about 10% of our total debt) has been classified as junk. On the 25th of October, the new Minister […]
September 28, 2017

You Don’t Need a Formal Enquiry to Dismiss an Employee

“Normally, the employer should conduct an investigation to determine whether there are grounds for dismissal. This does not need to be a formal enquiry. The employer […]
September 28, 2017

You Need Independent Directors, not Herd Mentality

“Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently.” (Steve Jobs […]
September 28, 2017

Payslips Are Important! A Practical Guide to Getting Them Right

Getting payslips correct for your staff carries legal responsibilities for both you and the staff member. Payslips are of course often used in the public domain, […]
September 28, 2017

3 Future ‘People’ Trends – Be Prepared

“Leadership involves finding a parade and getting in front of it” (John Naisbitt, futurist and author of ‘Megatrends’) A recent survey identified three major trends for […]
September 28, 2017

Your Tax Deadlines for October

Your Tax Deadlines for October Your EMP501 Interim Employer Reconciliation is due on 31 October. It pays to begin this early as it is a lengthy […]
August 30, 2017

Directors’ Meeting Minutes: Why Are They So Important?

The Companies Act (the Act) gives directors the power to run and manage the company’s business. In return it places responsibilities and personal liabilities on directors […]
August 30, 2017

Your Will: The Master of the High Court Wants Qualified People to Assist “Lay” Executors

Many people nominate either their spouse or children to be the executor/s of their deceased estate. When the nominated person presents him or herself to the […]
August 30, 2017

SARS’ Plans to Tax Income Earned Abroad

As the law currently stands, if a South African tax resident works abroad for 183 days or more (of which 60 days must run consecutively) in […]
August 30, 2017

The Password Guru Got It All Wrong!

How many times have we entered a website and been asked to enter a new password which is at least 8 characters long and contains 1 […]
August 30, 2017

Your Tax Deadlines for September

Provisional and non-provisional taxpayers who do their 2017 Income Tax returns manually and post them or use a SARS branch drop box need to get their […]
August 22, 2017


Co-ownership is when one or more people jointly own the same property. In essence, it is when they legally share ownership without dividing the property into […]