Organisation Development ConsultantStarting 2021 with a positive frame has been a tall order, given the ongoing uncertainty which we continue to navigate. Locating incongruence in our working lives becomes critical to make better career decisions this year to set us on a more aligned career trajectory Paolo Giuricich CA(SA)Founder and ownerof Smarter EQ We have…
DetailsBusiness AdvisorA cornerstone of financial planning and budgeting, the financial year, has arguably come to the end of its lifespan. Today, we are hearing from CFOs that even quarterly budget cycles are not frequent enough to course correct in the face of rapid, unexpected change Kevin Phillips CA(SA)CEO of IDU Group Today, forward-thinking CFOs have…
DetailsSAICA’S BUDGET 2021 ANALYSIS AND COMMENTARY Refuelling the tank of the South African economy will have to start with rebuilding trust between government and societal partners and reaching actual consensus on the principles of how this rebuilding task will be carried out The Minister of Finance, Minister Tito Mboweni, tabled the National Budget on…
DetailsWHAT BUDGET 2021 HAS IN STORE FOR ‘THE WEALTHY’ Author | Patricia Williams, tax partner at Bowmans and SAICA Tax Administration Act committee member Finance Minister Tito Mboweni delivered his 2021 Budget Speech on Wednesday 24 February 2021. While the news for taxpayers was generally good, with more than inflationary adjustment to personal income tax…
DetailsThe Taxation Laws Amendment Act 23 of 2020 contains amendments to section 25B and paragraph 80 of the Eighth Schedule, which on the surface may appear inconsequential but do have important tax implications. These amendments came into operation on the date of promulgation, namely 20 January 2021 AMENDMENTS HAVING CGT CONSEQUENCES (SECTION 25B(1), PARAGRAPHS 80(2)…
DetailsAuditors are engaged as protectors of society and are expected to be independent of the company. Yet it is the company who appoint and remunerate the protectors. Only by changing who pays the auditor will real audit reform take place in the public interest. A 2020 report into the audit profession’s deficiencies by former London…
Details‘Who will monitor the monitors of the monitors? This is a critical question that organisations, professional bodies and regulators who have been tasked with monitoring society need to consider. I believe that external audit falls within this category and we too need to consider this question. In this article I will explain why external audit…
DetailsStanley SubramoneyFormer Deputy CEO of PwC It is imperative to recognise that it is not only the auditors who need to take accountability for the financial reporting scandals of late. It also remains the responsibility of management and those charged with governance for not doing more to protect the public interest we serve through our…
DetailsHow can auditor independence be enhanced and the audit market be deconcentrated and transformed? Victor Sekese elaborate. The recent reported global and local corporate governance failures have put a spotlight on auditors and their role in the financial reporting process. Furthermore, the revelations at the Zondo Commission have accentuated public debate on the role of…
Details3d render business concept capital gains tax crossword cubes This article is the second and final in this series examining the various reliefs and implications which can arise within capital gains groups of companies. Part 1 set out the definition of a capital gains group and how to determine which companies are part of such…
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