TGS South Africa News

January 6, 2017

Sectional Title Owners Beware: Your Body Corporate Must Have Adequate Reserves

Recent legislation has been passed which obliges trustees of sectional title schemes to set up a reserve for repairs, maintenance and asset replacement of the common […]
January 6, 2017

Litigation Funding: An Affordable Way of Accessing Justice

In the life-span of a business, there will almost certainly be a protracted legal process. To a small or medium-sized business, this can prove ruinous as […]
January 6, 2017

Your Tax Deadlines and Notes for January

The due date for provisional taxpayers via eFiling is 31 January 2017. Don’t forget, if you are involved in a dispute with SARS, the definition of […]
November 30, 2016

Directors Don’t Like Goodbyes

“Parting is such sweet sorrow” (Shakespeare) One of the predicted negatives from the Companies Act (the Act) and the King Codes was it would be difficult […]
November 30, 2016

Beware of Trump’s Victory – Hard Economic Times Loom for SA

Donald Trump will soon be the 45th President of the United States. So far he is still threatening to implement his populist campaign promises (e.g. partially […]
November 30, 2016

Don’t Miss Your Deadline for Employment Equity Reports

Failure by “designated” employers to lodge their employment equity reports on time risks severe penalties, with first offenders risking a fine of the greater of R1,5m […]
November 30, 2016

Mandatory Audit Firm Rotation is in the News – Will it Apply to You?

There have been many articles in the financial press over mandatory audit firm rotation (MAFR). This followed an announcement by the Independent Regulatory Board for Auditors […]
November 30, 2016

Minimum Wages for Domestic Workers Increased

This year’s new minimum wages for all domestic workers are set out in the table at the end of this article. Who is covered? All domestic […]
November 30, 2016

Your Tax Deadlines For December

There are no significant tax deadlines for December.  Don’t forget, if you are involved in a dispute with SARS, the definition of business days allowed for each party to respond […]
November 7, 2016

Are We Headed for Junk Status or Only Tax Increases?

“We have to show that we will stick to our undertakings on consolidation, but on the other hand we have got to be very mindful that […]
November 7, 2016

When Your Lease isn’t a “Lease”

“In effect, [the High Court] held that the particular lease was not a lease. This may sound like a fragment of Alice in Wonderland. If that […]
November 7, 2016

Are You Struggling to Get Your Tax Refund?

There is a feeling that taxpayers are getting fed up over the amount of tax they have to pay. Add to this the adverse publicity SARS […]
November 7, 2016

The Special Voluntary Disclosure Programme Begins – What’s Changed?

We recently discussed the Special VDP which lets non-compliant taxpayers voluntarily disclose offshore assets and income in order to regularise both their tax and exchange control […]
November 7, 2016

Inflation’s Different Effects on Different Income Groups

Each month Statistics SA releases the inflation figure (CPI). Currently it is 5.9% which is a considerable improvement on February’s 7%. What is interesting is the […]
September 29, 2016

Are You Ready for the Upturn?

For the past few years, economic data has been negative. It pays to remember that the economy goes in cycles and there will be a return […]
September 29, 2016

The Updated Credit Provider Registration Threshold – Are You Still Exempt?   

“Aye, there’s the rub” (Hamlet) If you are a credit provider and required to register as such in terms of the NCA (National Credit Act), not […]
September 29, 2016

Staff Dismissals:  Beware, There’s No Honour Amongst Thieves and No Short Cuts

“A plague upon it when thieves cannot be true one to another!” (Falstaff, in Henry IV Part I) We know how time consuming dismissing staff can […]
September 29, 2016

Will The Mooted Minimum Wage Be Good For The Economy and For You?

For several years there has been considerable pressure put on government to institute a national minimum wage. The Deputy President has been heading a panel on […]
September 29, 2016

Tax Time – October Updates

The New Tax Compliance Certificate Process Made Easy SARS has recently introduced a new Tax Compliance Status (TCS) process which will enable you to see at […]