In many of my past articles, I’ve discussed the importance of saving. Last month (‘New Year’s Resolutions’) I referred to saving and paying off debt simultaneously. Sometimes it’s the same thing; sometimes it isn’t. If you’re paying off debt, I think the important thing is isolating what debt you’re paying off. I’m perplexed every time…
DetailsThe Taxation Laws Amendment Act 23 of 2015, which was promulgated on 8 January 2016, kicks off the long-awaited retirement reform process – but are you ready? The aim of this first fledgling step towards broad reform is to harmonise the tax deductibility of contributions to all types of retirement funds, as well as provide…
DetailsThe Amended Codes require that you address all five of the scorecard elements to achieve one of the eight B-BBEE status levels. Unless significant qualifying contributions were made prior to your 28 February 2016 financial year-end, it is possible that you will be found non-compliant when your 2016 financial year is measured under the Amended…
DetailsThe root of the word ‘credibility’ is credo, which is Latin for ‘I believe’. Credibility is the feeling of trust and respect that you inspire in others. As a young professional, building your credibility is a key pillar towards building your brand, your career, and your values. It takes time to build it, but it…
DetailsAs a speaker, regardless what you are speaking about, you are a messenger of change. This is because you need to convince your audience why they need to listen to you and adopt your viewpoint. To do this effectively, you need to craft your speech in a way that answers four questions that people in…
DetailsAuditors have for many years been required to read other information included in documents containing the audited financial statements. So what will change in future under International Standard on Auditing (ISA) 720 (Revised), The Auditor’s Responsibilities Relating to Other Information? By Leon Kies ‘Lack of consistency can bring on a lack of interest.’ Now that’s…
DetailsEditor’s letter Socrates is one of the few individuals who has so shaped the cultural and intellectual development of the world that without him, history would have been very different. He is considered one of the founders of Western philosophy, and legend has it that he was once pronounced the wisest man alive by the…
DetailsThe term ‘supply’ is widely defined in the Value-Added Tax Act 81 of 1991 (VAT Act) to include performance under a rental agreement. The rental of commercial property such as office space and factories is subject to VAT where the rental income exceeds the R1 million threshold. VAT registration is then compulsory, and the landlord…
DetailsACCOUNTING INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs) Have you considered the impact of the new Leases Standard? IFRS 16, Leases, has been published and will replace the existing Leases Standard and related Interpretations. IFRS 16 will require all leases to be reported on a lessee’s statement of financial position as a right of use asset and…
DetailsAccording to the 2015 Businesswomen’s Association of South Africa (Bwasa) Women in Leadership Census, females make up 25% or more of the director or executive managerial positions in 34 of the 293 JSE-listed companies surveyed. More South African women are taking up leadership roles and may be the main breadwinners for their families. With 8…
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