Small and medium practices (SMPs) face a host of challenges, which SAICA is helping to address. SAICA Small and Medium Practices (SMP) division is pursuing its 2013 objective of meeting more of our Small and Medium Practitioners out in the field, whether by attending discussion groups or visiting individual practices. The purpose of this is…
Besides crunching the numbers, SMPs can play a ‘virtual’ role as directors, advisers and business facilitators to SMEs. South African chartered accountants in small and medium practices (SMPs) who look beyond auditing alone have the opportunity to engage small and medium enterprises (SMEs) in mutually profitable relationships, say SME funders. The change in South Africa’s…
Faster turnaround makes for happier clients and employees, while reducing your costs. I was encouraged to meet so many of you last month. My thanks for your feedback and interest in these articles. Last month we looked at the importance of timeliness of service. I would like to continue along the same lines and give…
How to unlock value in privately held businesses? Pulling the levers that offer the best return for the least amount of effort or risk to capital. To begin discussion around unlocking value in any business, a recap of how we measure value is required: Value is created when a business generates free cash flows. Business…
Developing a holistic work-wellness model will benefit people and organisations. The term work/life balance is often used in the context of over-stressed employees, family problems and the retention of “Generation Y” people. Lack of work/life balance is seen as a problem both for the individual and for the organisation. In itself, the term has interesting…
Developing a holistic work-wellness model will benefit people and organisations. The term work/life balance is often used in the context of over-stressed employees, family problems and the retention of “Generation Y” people. Lack of work/life balance is seen as a problem both for the individual and for the organisation. In itself, the term has…
Global mining industry faces a confidence crisis Mining houses are working to rebuild investor confidence. Worldwide, the mining industry has outperformed the broader equity markets over the past decade, but this trend recently changed. While mining stocks fell slightly in 2012, they slipped nearly 20% in the first four months of 2013, according to a…
Clarifying how and when VAT becomes applicable to a new VAT vendor. SAICA members often request guidance relating to the Value-Added Tax (VAT) consequences once a person has been registered by SARS as a vendor. This guidance required is not related to the fact that the person now will have to levy the tax and…
Anti-avoidance versus trade stimulation. Is government biting the hand that feeds? Has the hand that feeds been cut off…? It would seem so when reading the headlines on current tax news and amendments. Tax policy has an opportunity to be instrumental in supporting economic and fiscal objectives that South Africa needs to achieve. However, the…
South Africa’s innovative carbon tax structure wins global favour. A lot has been said about the introduction of a carbon tax to the South African economy. It is difficult to maintain a clear head amidst all the noise, so one needs to go back to the fundamentals from time to time. This article takes a…