Prior to the enactment of the constitution, SARS had wide and far-reaching powers in terms of the Income Tax Act (ITA). The constitution resulted in significant changes to the ITA to align SARS powers with taxpayer’s rights. A taxpayer’s charter was published for the first time in 1997. The SARS Service Monitoring Office (SSMO) was…
Ford Focus ST VW Polo GTi Ford Focus ST The blue oval badge of Ford has always been synonymous with racing, but this seems to have disappeared – especially in South Africa. All this has changed as over the last few years Ford has been releasing a few powerhouse vehicles specifically within the hotly…
ACCOUNTING South Africa maintains its top position for auditing and reporting standards South Africa has maintained the number one position for its strength of auditing and reporting standards for the sixth consecutive year. Find more information on this ranking in the World Economic Forum’s Global Competitiveness Report 2014–2015. Revised Headline Earnings Circular issued Circular 2/2015…
2016 is around the corner. And what a 2015 it was. For many, 2015 will be remembered for Japan beating us in the Rugby World Cup; Bruce Jenner becoming Caitlin Jenner; VW being responsible for the biggest fraud in the motor industry ever; rhino killings sadly increasing and topping 2014 records; and ISIS’s presence getting…
Self-employed professionals face unique challenges and opportunities compared to employed individuals. There are distinct differences between their goals, and in the same way their insurance needs are also different. In this second article of a two-part series, we explore the unique insurance needs of self-employed professionals. INSURANCE NEEDS UNIQUE TO SELF-EMPLOYED PEOPLE One key insurance…
Imagine waking up twenty years from now and realising that a string of unconscious decisions has landed you with a life far removed from the one that would have made you happy. Bruce Du Bourg suggests daily reflection ‘Dim the lights, please,’ chants the rather flamboyantly dressed facilitator from the front of the classroom. There…
In this article, Uli Schäckermann analyses the concept of independence and places particular emphasis on the requirements that is it ‘in the public interest’ that the registered auditor be independent When reading, or even just reviewing, the IRBA Code of Professional Conduct for Registered Auditors (RAs), it soon becomes obvious that independence is the most…
According to University World News, while university enrolment has more than doubled since 1994, government funding per student has declined from R20 187 a year in 1994 to R16 764 in 2014. The cost of tuition has had to increase to meet that deficiency as well as the steadily rising costs they themselves face. Higher education institutions…
Starting articles is a big change, especially when it is your first real job and you don’t have anything to compare it to. Gareth Olivier gives you a few things to think about … It’s a tricky phase once you finish studying and you start articles. You’ve dedicated a good chunk of time to becoming…
South Africa’s integrated reporting journey Integrated reporting: Where to next? Volkswagen a wakeup call A quality integrated report Staying alive Embracing simplicity SOUTH AFRICA’S INTEGRATED REPORTING JOURNEY South Africa is in its fifth year of implementing Integrated Reporting <IR> and the momentum of this evolutionary, if not revolutionary, reporting framework continues to gather momentum. By…