TGS South Africa News

April 24, 2017

Aggrieved Minority Shareholders: You Have Plenty of Options

The Companies Act gives directors substantial leeway to run a company and gives them considerable powers to do this. So how does it protect minority shareholders […]
April 24, 2017

SMMEs and BBBEE Firms: Government Wants To Do Business With You

The government spends over R500 billion annually on goods and services. Promises have been made for several years that government would promote small and medium-sized businesses […]
April 24, 2017

Frightening Fraud Statistics – Protect Your Business Now!

A global organisation which focuses on internal (i.e. management, owners and staff) fraud, recently released some sobering findings. Understanding them is your first step in protecting […]
April 24, 2017

Junk Status Is Now a Reality – How Will It Affect Us?

Events have moved swiftly – on 31 March the Minister of Finance and the Deputy Minister were axed. Ratings agencies Fitch and S&P downgraded South African […]
April 24, 2017

How Many Days A Year Do You Work For The Taxman?

In the last few years in particular we have been aware of tax increases. The Free Market Foundation measures how many days in a tax year […]
March 30, 2017

Your Tax Deadlines for April

There are only the usual deadlines for April but employee tax season has opened and your EMP501 is due by the end of May. Don’t delay, […]
March 30, 2017

Blockchain Technology is Coming – Could Your Business Use It?

Blockchain offers exciting possibilities of what new technology can achieve. What is blockchain? It is a transparent, secure and tamper-proof method of storing data. It can […]
March 30, 2017

It’s COIDA Time Again!

The Compensation for Occupational Injuries and Diseases Act (COIDA) is a statutory insurance policy for your employees and pays them compensation if they are killed, injured, […]
March 30, 2017

Flattery and Peer Pressure Can Help Your Business

Imagine you get an email from a charity asking you to participate in an event 60 kilometres away on Saturday. The email details how much good […]
March 30, 2017

Are You Battling to Get a Tax Refund?

Two months ago we wrote about how the Tax Ombud was now more independent of SARS and it hasn’t taken the Ombud long to flex these […]
March 30, 2017

You Will Retire, So Get Ready Now!

Benjamin Franklin once said the only certainties in life are death and taxes. To that you can add retirement (assuming the Grim Reaper doesn’t interfere earlier). […]
March 27, 2017

MERGER ANNOUNCEMENT

MERGER ANNOUNCEMENT It gives the Board of Directors of Quantum Auditors Incorporated great pleasure to advise that we have recently concluded a merger transaction with Lucro […]
February 28, 2017

You and Budget 2017: Tax Increases Are Now the Order of the Day

This budget is one of the most anticipated for many years with many questions still needing answers: How will the expected tax increases pan out? Will […]
February 28, 2017

You and Budget 2017 New Tables

For ease of reference please find below – The new tax tables for individuals and trusts other than special trusts The new tax tables for Small […]
February 28, 2017

Consumers: The Consumer Protection Ombud’s Power to Help You

In 2015 the Consumer Goods and Services (CGS) Code of Conduct took effect. It sets out minimum standards for the CGS industry to observe when dealing […]
February 28, 2017

Your Tax Deadlines for March

There are only run-of-the-mill deadlines for March. This is the season of finalising employee tax – Employee Tax IRP5 Certificates and your EMP501 Employer Reconciliation Declarations. […]
February 1, 2017

Your Tax Deadlines For February

The second provisional tax payment for the 2017 tax year is due by 28 February. Taxpayers are required to estimate their total taxable income (i.e. including […]
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 […]