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Practical Guidelines for Trustees of Family Trusts
A family trust is a popular and effective estate planning tool, enabling individuals to protect their assets, provide for their families, and ensure smooth succession

Write-off or Compromise of Tax Debt: Understanding Sections 192 to 207 of the Tax Administration Act
Tax debt can be a significant burden for individuals and businesses alike, often leading to financial distress. Fortunately, under sections 192 to 207 of the

Asset Refinance – Beacon Of Optimisation
Refinancing emerges to become a beacon of financial optimisation and scaling growth. Refinancing of existing debts or the refinance of an asset, whether paid off

South African Inheritance: A Guide to Offshore Beneficiaries
Inheriting assets from a South African estate when the beneficiary resides overseas can involve various legal, tax, and regulatory considerations. These processes are governed by

Business Rescue in 2024 – A Crucial Opportunity for Accountants to Lead Corporate Recovery
In recent years, business rescue has become a critical lifeline for financially distressed companies in South Africa. Introduced by the Companies Act 71 of 2008,

The Brand Messaging Checklist
Effective brand messaging is essential for communicating your business’s value and connecting with your audience. Here’s a checklist to ensure your brand messaging resonates and

How to handle the probation period as an employer
Probation is dealt with in terms of the Code of Good Practice – Dismissal, contained in Schedule 8 to the Labour Relations Act. This document

Managing USD/ZAR Volatility Amidst Global Political Uncertainty
In the face of political and economic uncertainty, such as the recent attempted assassination of Donald Trump and Joe Biden’s withdrawal from the presidential race,

Key considerations for the acceptance and continuation of client relationships in auditing
In the ever-evolving world of auditing, maintaining integrity and upholding the highest standards is as important as ever. The foundation of a successful audit engagement

The Advantages of Commercial Finance for Small Businesses in South Africa
In South Africa, small businesses form the backbone of the economy, driving innovation, employment, and economic growth. However, one of the significant challenges they face

6 Reasons Why Branding is Important in Marketing
What is Branding? Branding is creating a unique identity for a product, service, or company. It involves shaping how customers perceive and connect with a

Navigating the Tax Implications for Personal Service ProvidersNavigating the Tax Implications for Personal Service Providers
The tax landscape in South Africa can be complex. The term ‘Personal Service Provider’ refers to a specific category of taxpayer defined by the South

Servitude Valuations
The definition of Market Value implies that it is the most probable price it will sell for. Not the highest or lowest possible price. Servitude

Rights of beneficiaries in discretionary trusts
Introduction Discretionary trusts in South Africa are popular estate planning tools, allowing individuals to manage and protect their assets for the benefit of their loved

Input VAT and motor cars
Input VAT and motor cars A vendor is generally not entitled to deduct input tax on the acquisition of a motor car, irrespective of whether

Protecting Professionals: The Vital Role of Professional Liability Insurance
In today’s increasingly litigious world, professionals across various industries face a growing number of lawsuits and legal claims. As a result, the importance of having

Business Rescue in South Africa Proving its Worth: An Analysis
Introduction In recent years, business rescue has emerged as a crucial mechanism in South Africa to salvage struggling companies and mitigate the adverse impact of

Why Your Company Desperately Needs a New Look (Before It’s Too Late!)
Picture this: your company’s logo and branding are stuck in the past like a pair of bell-bottom jeans. You know it’s time for a makeover,

Settlement agreement on Employment Equity
On 28 June 2023, the South African government and the Solidarity Trade Union signed a settlement agreement on employment equity. Employment and Labour Minister, Mr

What are the recent trends in auditing?
Artificial intelligence (AI) is transforming every industry and organisation. The rising use of AI and automation is one of the most significant trends that will

The accuracy of municipal valuations
Municipal Valuations are not accepted as accurate by SARS (potential tax purposes), and it is not accepted as accurate by the SA courts in litigation

Testamentary Trusts – what you should know
A trust may be established in various ways. The two most common ones are either through a contract (between living persons) or by way of

Solar Panel Tax Incentive
Solar Panel Tax Incentive for Individuals The objective of the newly announced solar panel tax incentive for individuals announced by the Minster of Finance in

Commercial Finance as a Growth Partner
When we hear the word debt we shiver, and rightly so. The current economic climate is such, that more and more consumers and businesses find

Business Rescue
Do you want to become a Business Rescue Practitioner? Given the economic environment that South Africa finds itself in post-COVID-19 coupled with the many woes

Brand Strategy
Brand strategy is an important aspect of any business. Brand strategy is an important aspect of any business or organisation. It involves defining the core

Who is taxed when a trust distributes gain to beneficiaries?
In a recent supreme court of appeal judgement, CSARS vs The Thistle Trust, an interesting question was considered. Who is taxed when a trust distributes

Interesting new court judgement regarding the accrual system
In the “old” days before 1984, couples intending to get married could only choose between two marital regimes in terms of legislation. These were in

Why is it important to brand?
Now is an excellent time for South African products to enter global markets, according to Prof Melville Saayman, director of Tourism Research in Economic Environs

Bad Debt: Income Tax and VAT benefits
Section 11(i) permits a deduction from a taxpayer’s income of the amount of any debt due to the taxpayer which has during the year of