:: home :: company profile :: tax organiser :: news :: contact us :: comments :: links ::

 

News Articles

IS LEADERSHIP THE ANSWER?

Over the past few years I have been growing increasingly concerned about the amount of leadership training going on in South Africa, and the seemingly corresponding decrease in effective management. We see strike actions taking place that are so poorly handled by the “leadership”, that the results thereof are shocking and resound around the world. We see our economy declining, and we have lost our status as the “blue eyed boy” of the world. We see corruption in such a flood that it is now almost impossible to stem the flow. We see the total breakdown of law and order. We see businesses compromising on productivity and quality standards – I could go on but I think you get the picture: leadership in South Africa, whether in the private or public sector, is failing dismally.
read more »

SHOULD I OR SHOULDN’T I?
By Derek Stockley

Sometimes it seems easier to just do it yourself
Most of us would have said to ourselves: "It would have been easier if I had done it myself".

Communication is a difficult process. It is easy to forget to tell someone a key piece of information when passing on information or giving them instructions. Consequently, people may not do exactly as you expect. So is this a reason to stop trying? No - I believe it is a reason to get better at communi-cating. Both parties should learn something.

I remember an incident very early in my career. I was asked to do an accounting task. Apparently I did not do it correctly. The manager concerned redid the task, without telling me. I found out from somebody else. The manager was angry. I was angry too because I had not had the opportunity to learn. I was also upset that I had made mistakes. I did not want to do that either. It was a no-win situation. I should have asked for more guidance. The manager should have had better controls in place. We both should have learnt from the experience.
read more »


ARE YOUR STAFF TAKING NOTICE OF WHAT CUSTOMERS SAY?
By  Derek Stockley

Story One - How not to handle a complaint
We stayed in a hotel last year. From the moment we walked into the room, things started to go wrong. In themselves, each little problem did not amount to much. However, by the time it came to check out the next morning, I had decided to spend some time providing some feedback.

Although we had filled out a feedback form, I asked the receptionist to write down the list.

My first comment was about the queen sized bed, a factor in choosing this particular accommodation. The bed was fine, it just did not fit the room (obviously designed for a double bed).

My second comment was about an electronic room key. One of the two we had been given did not work.

Although I had five or six more comments to go, at this stage I noticed that the receptionist was not writing my comments down. When I quizzed him, he said he did not need to - the hotel already knew about the beds and the key was "one of those things".

At this stage, I abandoned my feedback and made the comment "that I was wasting my time".

We completed the check out process. I did not receive any form of apology from the receptionist. I left with another article topic and story for this newsletter.

The receptionist felt my comments were trivial and unimportant. To me, they were valuable feedback.

I did receive a nice letter from management about the comments on the feedback form. Although the annoyance subsided, the negative experience was still felt.
read more »
 



AMENDMENT TO EMPLOYMENT EQUITY ACT, 55 OF 1998

You will be pleased to note that the amendments to the turnover thresholds in Schedule 4 of the
Employment Equity Act became effective from 01 August 2014. All of the turnover levels were
substantially increased.
Read more »


DISCONTINUATION OF DEBIT PULL TRANSACTIONS ON eFILING

SARS has announced that starting 4 September 2014, debit pull transactions on eFiling will be phased out and discontinued. This process will take place over a month. A warning message will appear on eFiling, where a debit pull transaction is no longer available. You are encouraged to perform credit push transactions or use one of our alternative methods of payment.
Read more »

NEWS FROM SARS

  • Employers reconciliation:
    • Annual reconciliation: 1 Apr – 30 May 2014
    • Interim reconciliation: 1 Sep – 31 Oct 2014
  • Tax Season for Individuals and Trusts:
    • Submission period opens for all taxpayers:
      01 July 2014
    • 26 September 2014: Deadline for submission of postal/SARS drop box returns (Provisional and Non-provisional: Individuals and Trusts)
    • 21 November 2014: Deadline for submission of eFiling/branch returns (Non-provisional: Individuals and Trusts)
    • 30 January 2015: Deadline for submission of eFiling/branch returns (Provisional: Individuals and Trusts).

INTRODUCTION OF THE NEW DYNAMIC INCOME TAX RETURN FOR COMPANIES (ITR14)

As discussed during our previous engagements, an enhanced Income Tax Return for Companies (ITR14) will be introduced by SARS. The customised return will become effective on 4 May 2013 as part of the modernisation of Corporate Income Tax (CIT) aimed at improving efficiency and compliance.
Read more »

NOTIFICATION - AUDITOR REPORT FORM AND RELATED REQUIREMENTS

The Estate Agency Affairs Board (EAAB) has, in consultation with the Independent Regulatory Board for Auditors (IRBA), introduced a revised auditor’s report which estate agents are required to submit to the EAAB annually, within four months of an estate agent’s financial year-end, in order to be granted their license to practice. The revised auditor’s report replaces the previous auditor’s report and with effect from 1 September 2011, only, the revised report will be accepted (refer Section 32(4) of the Estate Agency Affairs Act, 112 of 1976) (hereafter referred to as “the Act”)
Read more »

CHIEF MASTERS DIRECTIVE 4 OF 2011

The Chief Master has issued a directive after having been approached by a number of role players for clarity on certain matters. The directive contains a number of guidelines to ensure a uniform approach by Masters on these matters.
read more »

REQUEST FOR CHANGE OF BANK DETAILS

The fraudulent changes to taxpayers’ bank details remain one of the biggest risks that SARS has to deal with. It is SARS’ responsibility to protect taxpayers from any fraudulent transactions on their SARS accounts emanating from within SARS.

To prevent such risks, taxpayers are therefore advised that under no circumstances will SARS request taxpayers’ bank account details over the phone or accept bank account detail changes via facsimile, post, drop-box or e-mail.
read more »

CHANGES TO THE PROVISIONAL TAX PROCESS

The South African Revenue Service (SARS) is introducing changes to the provisional tax process which will affect the way in which provisional taxpayers file their IRP6 returns.

The following changes will become effective on 28 June 2010:
read more »

SARS TO APPLY STRICT PENALTIES

In a media release dated 14 October 2009, the South African Revenue Service (SARS) announced that they will introduce a system of strict new administrative penalties against non-compliant taxpayers from 23 November 2009.

In effect, taxpayers have until 20 November 2009 this year – the final deadline of the 2009 Tax Season - to submit any outstanding returns in order to avoid being penalised under the new penalty regime.
read more »

GUIDE ON THE RETENTION OF RECORDS

Due to various legislative requirements, documents must be retained for a certain number of years, depending on the applicable legislation.

This guide has been compiled referring to specific legislation in effect at 30 June 2009 and identifying the timeframe that certain documents must be kept.

The guide does not attempt to be inclusive of all legislation, but has only referred to general legislation impacting a wide variety of entities. Users of this guide should always refer to legislation specific to their activities that might contain further requirements relating to the retention of records.

The guide refers to the relevant act, listing the documents that should be retained as well as the period of retention.
read more »

Offices at
» Randburg
» Pretoria
» Krugersdorp

The offices practice independent of each other