The base erosion and profit shifting initiative is being designed to influence ultimately how global multinational corporates arrange their affairs from a tax planning perspective. An inevitable result is and will be changes to the way tax practitioners advise their clients. Deborah Tickle explains Globalisation and the digital age have caused the world to ‘shrink’.…
That is, clever revenue On my latest trip to the Nespresso store at the V&A, I was reminded once again of how amazing their business model is. You start off by buying the Nespresso machine, which is reasonably priced, and think that’s your big capital investment. It is the capital investment, but it’s not exactly…
Comments by auditors immediately following the global financial crisis that they had had a ‘good’ crisis – referring to the absence of pertinent audit failures – begged the question as to the relevance of the audit and, more particularly, the auditor’s report. By Linda de Beer Auditors play an important role in the financial reporting…
Smaller families, longer life expectancy, and late parenthood in life mean that the number of people ‘sandwiched’ is growing, with an estimated 2,4 million Britons juggling their responsibilities for both parents and children. Being married and affluent roughly doubles your chances of being ‘sandwiched’. The Pew Research Centre (US) estimated that in 2013 nearly half…
Contrary to popular belief, the most creative teams do not solely consist of blue sky dreamers. Groups with a variety of cognitive personality types produce higher levels of innovation, say Ella Miron-Spektor, Miriam Erez and Eitan Navah of the Technion–Israel Institute of Technology. In a study of 41 radical innovation teams of a large defence…
This article is the fourth in a series of six that explores six common mistakes that can negatively impact one’s personal financial situation. Mistake number four: not realising the importance of disability cover Disability cover is there to protect the lifestyle of an individual and his or her dependants in the event that they cannot…
Our youth are the future leaders of our generation We are all familiar with the above saying. And Alvin Toffler said: ‘For society to attempt to solve its desperate problems without the full participation of even very young people is imbecile.’ You have all taken a step to pursue a career as chartered accountants, for…
The most significant enhancement in auditor reporting in recent history, at the heart of the call from investors and other users of audited financial statements for more entity-specific and relevant information, is the reporting of key audit matters. By Ciara Reintjes The new International Standard on Auditing (ISA) 701, Communicating Key Audit Matters in the…
In January, Deputy President Cyril Ramaphosa stated that the success of any nation lies in education. He noted that skills shortages were straining economic growth, and education was the only solution to this problem. He said education enterprises relied on committed educators; that students needed to take education more seriously; and that businesses needed to…
Devoted to one family and one firm, Andrew Hannington CA(SA) says he follows the Japanese model. Read his secrets of being a solution-finder and juggling the role as CEO of Grant Thornton JHB and his big family. Lynn Grala interviews him. It’s almost two years since Andrew Hannington took the reins as CEO of Grant…