Lesser Known Tax Incentives

In light of the 2018 budget, taxpayers can expect to pay higher taxes in a number of areas, including VAT, fuel levies, excise duties on alcohol and tobacco, and estate duty. It is therefore useful to know how you can reduce your tax burden at the end of the day so that you can plan…

How Business Rescue affects employer and employee

Business rescue has gained momentum as an alternative to liquidation since its introduction in 2011 through section 6 of The Companies Act. A principal difference between the two is that, while under the supervision of the business rescue practitioner, the company continues to trade, so that employees don’t automatically loss their jobs as they would…

Landlords Need to Prepare for Business Rescue

“Landlords should make certain that they are prepared for and consider the consequences of a business rescue before being advised that their tenant has entered the process”. That’s according to Justin Gordon, business rescue practitioner at Hobbs Sinclair. Business rescue was introduced as an alternative to liquidation via Section 6 of The Companies Act in…

Disrupting the accounting firm stereotype

Nobody likes to be pigeonholed, categorised, and over-simplified, not even accountants. We are all familiar with the ‘accountant’ generalisation: grey men in grey suits crunching numbers. Sadly, the practice of accounting has not always been given its fair due, but fortunately, thanks to a few disruptors in this industry, things are shaking up. Neill Hobbs…

Effective Working Capital Management Can Save Your Company

Most financially distressed companies all have the same thing in common; poor working capital controls and employ a reactive working capital management strategy rather than a proactive approach. Improving the companies working capital through a proactive strategy can be a quick way to get your head above water without increasing sales or cutting cost. For…

Anuva Proves 12J a Winner

Anuva Investments, one of South Africa’s first Section 12J Venture Capital Companies has announced its maiden results for the February 2016 financial year. The VCC has reported earnings of R13.7million and paid a dividend of 28% to the initial investors. These impressive results are due to the company’s acquisition of Mastercare Appliances, which was under…

The Sugar Tax Debate

The worldwide attempt to reduce obesity has been given the ‘thumbs up’ by a few forward-thinking fiscal departments in several countries, with South Africa recently joining the fight against obesity. The proposed Sugar Tax Law – which argues for a 20% tax to be imposed on carbonated, sweetened beverages overall–, has been touted as a…