A registered VAT vendor on the invoice basis that fails to make payment within 12 months after the expiry of the tax period in which the deduction was made must account for an output tax adjustment to SARS calculated on the unpaid amount. Recent amendments clarify the value of the output tax adjustment CREDITOR: IMPLICATIONS…
‘We don’t accomplish anything in this world alone; whatever happens is a result of the whole tapestry of one’s life and all the weavings of individual threads from one to another that creates something’ − Sandra Day O’Connor Over the past few years, I have seen quite a few of my ideas come to…
Speaker, Facilitator, CoachFollowing decades of research and spend on women empowerment, women still hold fewer leadership positions and earn less than their male counterparts. In keeping with the reflective theme of International Women’s Day on 8 March 2021, let us #Choosetochallenge the key to women’s success Usha Maharaj CA(SA)Passionate about women empowerment and human potential…
Blockchain SpecialistDeFi represents the infrastructure such as lending platforms and exchanges required to innovate upon the traditional financial systems. It is a broad term for various financial applications that utilise cryptocurrency or blockchain technology to solve problems that exist within the traditional financial system Monica Singer CA(SA)Blockchain Evangelistfor Consensys Decentralised finance (DeFi)refers to the shift…
Organisation Development ConsultantStarting 2021 with a positive frame has been a tall order, given the ongoing uncertainty which we continue to navigate. Locating incongruence in our working lives becomes critical to make better career decisions this year to set us on a more aligned career trajectory Paolo Giuricich CA(SA)Founder and ownerof Smarter EQ We have…
Business AdvisorA cornerstone of financial planning and budgeting, the financial year, has arguably come to the end of its lifespan. Today, we are hearing from CFOs that even quarterly budget cycles are not frequent enough to course correct in the face of rapid, unexpected change Kevin Phillips CA(SA)CEO of IDU Group Today, forward-thinking CFOs have…
2020 was about ‘circuit breakers’, ‘black swans’, the Volatility Index at new records, and every single asset class (equities, bonds, property, gold, oil) turned into a rollercoaster ride. Nothing was left unscathed. ‘Be greedy when others are fearful,’ said Walter Buffett. This was the time for active investment management! Mike Lledo CA(SA)IndependentFinancial Services Consultant Actives…
Innovators are people who start something new, who are creative and who bring excellent new ideas to life. Innovators are referred to as the ‘red people’ and accountants are ‘blue people’. Is that true or can accountants be innovators? Ronel Jooste CA(SA)Director at FinanciallyFiTLifeand author, speaker and radio talk show host People will often say…
Business Innovator and CatalystAs we usher in 2021, I am sure that many of us will be happy to know that 2020 is square in the rear-view mirror. Although we cannot drive forward while fixating on the pile-up of cars 2020 left behind us, we can certainly glance back at the 2020 calamity and recognise…
Innovator and bloggerIt’s time for a bit of tough love. The health crisis happened and will have ripple effects for months and years. But the time to start building for the future is today and we need to be planting the green shoots of recovery at home. Chief Innovation Officer: Tencent Africa This is a…