THE NEW TAXATION LAW AMENDMENTS ACT & OTHER CHANGES 

The new Tax Administration Act (TAA), promulgated on 4 July 2012, was brought into effect on 1 October 2012.  Up until now, the various different tax acts had separate provisions for the administration thereof.  In the words of SARS, "the TAA is intended to simplify and provide greater coherence in South African tax administration law".

YOU WERE THE FOUNDER - NOW WHAT ARE YOU?

As the founder of a start-up, defining your job is easy:  You do everything. But what happens when your tiny start-up grows into a larger organisation?  Your job description will change as you balance leading the team with the need to transfer critical roles to others.  How you use your unique skills as a founder will determine whether you can build a truly great company.

EFT FRAUD & YOUR INTERNAL CONTROLS

Some of our clients and colleagues recently attended our client function on the subject of EFT Fraud.  By now you have had a little over a week to marinate over the topic and perhaps you are not feeling quite as confident in your controls as you did previously.  The internal controls in your business are crucial to its success and should not be taken lightly.  Give some serious thought to the areas that you feel you could be lacking in proper controls and then call or email us to setup some time to discuss the "in and outs" and ways to improve.

 

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