To be clogged, to be ignored, to be disregarded or to be utilised? Herman Viviers takes a closer look at the tax treatment of capital losses as a result of debt relief between connected persons There are many circumstances under which different types of taxpayers could be classified as connected persons for income tax purposes.…
“Empowering consumers to make informed decisions will be the key to success for the life insurance industry in the future.” The latest Sigma study by reinsurer Swiss-Re revealed that clients do not want to be sold to. Research found that, instead, empowering consumers to make informed decisions will be the key to success for the…
“Be less hard on yourself and cut down on your expectations.” I read a great article by Marc Colin and want to give you my take on it as it is something that I live by, am passionate about and know will add value to your life and business if you commit to make it…
“To reach a port we must sail, sometimes with the wind, and sometimes against it. But we must not drift or lie at anchor.” Oliver Wendell Holmes, Sr As leaders, we are often challenged with various cognitive biases. For many, a cognitive bias describes the common human tendency to rely too heavily on the first…
Rodgers Mavhiki uses a few simple but practical examples to illustrate current challenges and explore ways of potentially improving hedge effectiveness Economic hedges are common practice, yet you often hear people saying that the fair value movements are not making sense. Most banks and treasuries of big corporates take hedges on exposures to fixed interest…
Does a “clean audit” mean everything is fine? Alexi Colyvas has this to say In recent years there has been a drive for entities to accurately report on performance against predetermined objectives. In the public sector, this has always been a requirement of the Public Finance Management Act (PFMA) and Municipal Finance Management Act (MFMA)…
Interest on unliquidated debts Interest often has a material effect on the amount owed by a debtor. This is also true in the case of unliquidated debts such as damages of which the amount is only ascertainable after an investigation. In a claim for an unliquidated debt, a debtor was traditionally not held liable for…
Jeanine Poggiolini analyses the results of the ASB’s recent post-implementation of GRAP 16 Investment property and GRAP 17 Property, plant and equipment and finds that there was positive support for the standards – but challenges remain Both users and preparers of accounting standards who were consulted during the recent review of asset-related standards supported the…
They say the roughest roads often lead to the top. In the profiles of twelve Top 35-under-35 finalists below, successful young CAs(SA) prove that there is much truth in this statement and that circumstances are not definers of destiny but rather that you can choose to overcome adversity and be extraordinary. Not accepting failure as…
Ewald van Heerden discusses the differences between the Companies Act and the Close Corporations Act and weighs up the pros and cons of conversion Subsequent to the effective date of the Companies Act 71 of 2008 (the Act) and the resultant changes to the Close Corporations Act 69 of 1984 (the CC Act) the differences…