For additional information related to NPOs, please read the previously published articles on our website too. This article discussed the key obligations of NPOs and the compliance requirements of NPO […]
Terminology
Construction Industry Development Board (CIDB)
Construction Industry Development Board (CIDB) Construction plays a vital role in South Africa’s economic and social development. It provides the physical infrastructure and backbone for economic activity. It is also […]
Moonlighting – employers and employees
Moonlighting is when a person earns extra money outside of working hours. Can the employee do moonlighting?Do employees have the right to have an additional job?Can the employer dismiss the […]
Types of Companies, Registration of them and financial reports and auditing
Reference documents and sites: The Companies Act, No. 71 of 2008http://www.cipc.co.za/za/ In this article, we look at the basics of companies; types, registration, financial reports and auditing applicable to South […]
Trademarks,logos,slogans, intellectual property and the registration thereof
Reference Acts, documents and websites Patents Act, 1978 (Act 57 of 1978) Register patents, maintain data, publish patent journal, administer Court of Commissioner of PatentsTrade Marks Act, 1993 (Act 194 […]
The Financial Sector Conduct Authority’s proposal to make crypto assets a financial product
Reference documents: Press Release – Draft Declaration of Crypto Assets as a Financial Product by the FSCA, dated 20 November 2020Statement in support of the Draft Declaration of Crypto Assets […]
Diesel Refund System
Reference documents/sites: Customs and Excise Act No. 91 of 1964Value-Added Tax Act, No. 89 of 1991Diesel Rebate Forms VAT101D and VAT102Dwww.sars.gov.za In this article, we will discuss the basics of […]
Submission of production, costing and trade statistics to Statistics South Africa (STATSSA)
Reference documents: Act No. 25 of 1986 Statistics Amendment Act, 1986 This article focuses on the submission of statistics and the use thereof by STATSSA. Businesses and persons may not […]
Wilful conduct (misconduct) for tax related offences – proposed amendments as per 2020 Draft Taxation Laws Amendment Bill (Draft TLAB) and the 2020 Draft Tax Administration Laws Amendment Bill (Draft TALAB)
Reference documents: Income Tax Act, 1962, as amended, paragraph 30 of Fourth ScheduleTax Administration Act, 2011, section 234(p)Section 58 of the Value Added Tax Act, 1991 The days of using […]
IFRS and IFRS 3 – Business Combinations
IFRS is short for International Financial Reporting Standards. IFRS originated in the European Union, with the intention of making business affairs and accounts accessible across the continent. IFRS is the […]