Legislative changes have been introduced to the Value Added Tax Act 89 of 1991 to clarify the implications for both the lessee and the lessor when the lessee undertakes voluntary or compulsory improvements on leased land for no consideration. Lessee implications A deemed supply is triggered in terms of section 8(29), which deems the lessee…
DetailsIt has now become apparent, beyond any doubt, that a company planning to become or remain B-BBEE compliant must have some level of black ownership. This is not because black ownership is somehow ‘compulsory’, but simply because of how the point-scoring system works. From multiple calculated scenarios we have done, more than 95% of companies…
DetailsRead the publication in the format of your choice: Read the mobile version here Read the desktop version here Download the PDF here The definition of success is different for everyone, but for most of us it will probably be linked…
DetailsStrategies for Improving Job Margin: In the first part of our article (March ASA), we looked at the pressures on an accounting firm’s profitability. Now we will explore strategies to improve the gross margin of an accountancy business as we look further at some aspects of reducing write-downs. Take three steps to receiving client records…
DetailsGlobally, and increasingly locally, there is growing noise about the rise of artificial intelligence (AI), which has led many technology futurists to predict a utopia for humankind while others predicted, paradoxically, that millions of jobs would soon be obsolete and taken over by robots, not to mention the coming apocalypse. However, I believe these views…
DetailsThe robots are heading straight towards us and we are inviting them in to our homes, workplaces and vehicles. Not surprisingly, because they make our lives more convenient, our work more efficient, our buildings more sustainable and our roads safer. But at the same time we need to think about how we maximise the upside…
DetailsMillennials. They’ve come of age in a digital era. Exposed to the world’s woes − climate change, human rights abuses, recessions and more – their social and political consciousness says, ‘we expect more’. And, they’re pulling the rug from under us all. Millennials – people born in the 1980s or 1990s − have a whistle…
DetailsEmotional intelligence (EQ) is crucial in leaders, and the Institute for the Future found in their most recent 30-year scenario that the number one skill for leaders in future will be the skill/ability to stay healthy as our way of life and work takes its toll. But why is EQ such a differentiator? It’s actually…
DetailsIn 2017, amidst much fanfare, BMW launched the all-new 5 Series. With the new Mercedes-Benz E-Class starting to take centre stage and hardcore BMW aficionados expecting only the best from their beloved brand, the new 5 Series certainly had a lot to live up to. But has it delivered? To start with, the refreshed look…
DetailsThe retirement landscape in South Africa is characterised by two pension systems: an advanced formal pensions sector and a means-tested social security system. However, a concern raised by actuary Rob Rusconi is that of the large ‘uncovered gap’ between these two systems: those individuals who benefit from neither The biggest systemic issue, given South Africa’s…
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