TGS South Africa News

February 27, 2019

How to Improve Risk Management in Your Business

Risk management has become increasingly popular in the past twenty years. It is also a corner stone of good governance. Despite this increased focus, businesses are […]
February 27, 2019

VAT Taxpayers: New Relief on Correcting Tax Invoices

There has been an anomaly in VAT law which new legislation has now largely resolved. The problem with the old position It has always been simple […]
February 27, 2019

SARS Warns Taxpayers: “Use Only Registered Tax Practitioners”

There are no major tax deadlines for March but SARS is again warning taxpayers to – Only use registered Tax Practitioners, Ask for the practitioner’s registration […]
January 31, 2019

AI and the Changing Face of Jobs: Good News If We React Now

“Artificial Intelligence is a tool, not a threat” (Rodney Brooks, Roboticist) There has been fear that the rise of Artificial Intelligence (AI) and robots will considerably […]
January 31, 2019

Directors: The Potential Liabilities You Face When Issuing Shares

In the life cycle of your company there will be times when you need to recapitalise the business.  When would you need to issue shares? A […]
January 31, 2019

POPIA is Now Imminent: Don’t Underestimate the Work Involved

With the release of final Regulations for the Protection of Personal Information Act (“POPIA”, often referred to as “POPI”), the Act’s commencement has become imminent. Once […]
January 31, 2019

Does “The Company” Still Have A Role To Play?

Concepts the West has taken for granted are now being openly questioned, such as, is liberalism bad, is capitalism flawed, and does the company deliver what […]
January 31, 2019

Budget 2019: Your Tips for Tito

On 20th February the Minister of Finance, Tito Mboweni, will make his budget speech. Traditionally, the Minister asks the public what they would like to see […]
January 31, 2019

Your Tax Deadlines For February 2019

The second provisional tax payment for the 2018/2019 tax year is due by 28 February. If your taxable income is below R1 million your estimate of taxable […]
January 8, 2019

Interest Rates in 2019 – Which Way Will They Go and Why?

“Prediction is very difficult, especially if it is about the future” (Nils Bohr – Nobel Laureate) Normally the market and economic commentators react favourably to interest […]
January 8, 2019

Deemed Accruals Can Seriously Disrupt Your Cash Flow – A Tax Lesson for Property Developers

A recent Supreme Court of Appeal (SCA) judgment has confirmed a view that our courts have held for a long time – namely that when a […]
January 8, 2019

The Art of Valuing Assets and Businesses

Recently the artist Banksy put up for auction a work called “Girl with Balloon”. It was sold for GBP860,000. No sooner had it been sold than […]
January 8, 2019

Directors: Fighting Corruption via Your Social and Ethics Committee

“South Africa has lost R700 billion to corruption over the last 20 years” (Institute of Internal Auditors) The Companies Act requires a company to set up […]
January 8, 2019

Be Aware Of the Changes to VAT on Electronic Services

The Minister of Finance warned in his 2017 Budget speech that VAT on electronic services would be widened. Treasury has now published regulations that come into […]
January 8, 2019

Your Tax Deadlines for January 2019

Provisional taxpayers who use eFiling need to submit their 2017/8 Income Tax Return on or before 31 January 2019. You will have noticed that being registered […]
November 29, 2018

Let’s Be Realistic and Positive in 2019

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails” (William Arthur Ward) As we wind down from a […]
November 29, 2018

Taxpayers Note: How To Upload Supporting Documents Using eFiling

SARS have instructed that taxpayers on eFiling need to submit supporting documentation as follows: Files should be no more than 5mb each. You can upload up […]
November 29, 2018

The Medium Term Budget Speech and the Rating Agencies – Danger in December

The new Minister of Finance didn’t have much time to prepare for the Medium Term Budget Speech (MTBS) but he carried it off well. The MTBS […]
November 29, 2018

Changes Are Coming to The Companies Act – Be Ready for Them

Cabinet has approved the most wide ranging amendments to the Companies Act (the Act) since its launch in 2011. Some of the important issues are briefly […]
November 29, 2018

Is SARS Attacking Your Medical Tax Credit?

Taxpayers and tax practitioners have in recent months been surprised to find their medical claim tax credits queried by SARS. Up to this year the processing […]
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