The answer to this question is YES and NO, depending on our outlook. YES if we are looking for any kind of short-cut or loophole in attaining our B-BBEE credentials; NO if we are committed to following the rules and implementing initiatives that will meet the legislative objectives. A negative approach to empowerment holds serious…
It is common practice for a trust to acquire assets on a low or interest-free loan account from a natural person. The reason for capitalising the trust by means of a loan account is due to the fact that a newly set up trust will not have capital funding to acquire assets. The value of…
The leader within drives the leader without Don’t blame the ladder! Being a credible leader The ict key to your clients’ hearts and minds THE LEADER WITHIN DRIVES THE LEADER WITHOUT As CAs (SA), our training has provided us with several pervasive skills required to be successful business leaders without, and when we consult the…
Donald Trump was Time magazine’s Person of the Year 2016 and Google’s most-searched individual. I definitely don’t want to talk about him but I do want to learn from his victory and how it can impact your and my life, career and business in 2017. Mr Trump’s victory turned the tables for politics worldwide (for…
The world of motoring has changed drastically over the last few years and this trend does not seem to be slowing down. Never would I have said that we would move away from petrol engines to electric and even less so to a world where cars would be driver-less. I assume this is the same…
International Financial Reporting Standard (IFRS) 9, Financial Instruments, becomes effective for periods beginning on or after 1 January 2018. The impairment methodology changes it contains will affect accountants and auditors. After the global financial crisis in 2008, questions were raised on whether the use of the incurred credit loss model for impairment provisioning had contributed…
At the beginning of the New Year most people set resolutions for themselves. The most common resolution among many individuals regarding their finances often revolves around wanting to be in a better financial position than the previous year. The new year presents the perfect time to assess your finances in order to gain control and…
Recognising its immense responsibility as a profession to tackle issues that stand in the way of South Africa growing a strong and sustainable economy, SAICA launched an active citizenry initiative called Unite 4 Mzansi. The campaign is seeking the support of millions of South Africans in taking a strong stand against corruption. And that includes…
Third-party (agent) appointments issued under section 179 create untold conflict amongst taxpayers and third parties alike, pitting employer against employee and bank against client where the only winner is SARS. By Tarryn Atkinson It’s not really new and we can’t even blame it on the controversial Tax Administration Act1 (TAA). It could, however, be said…
There is a perception that selecting a large brand name software supplier is the safe choice; that there are fewer risks involved. I’m here to tell you that size does matter, but not in the way you might expect. Let’s look at a large software supplier. In most cases, large suppliers mean large costs. Not…