Category: Newtons
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The Newtons 2022/2023 Tax Guide is out
Be sure to understand the newly released tax information relating to the Budget speech seen on the 23rd of February 2022. Click here to download our guide. This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions…
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Festive Season Wishes – A message from Cedric
Year End message from Cedric 2020 year NOT SO GREAT 2021 year CHALLENGING THE LAST TWO YEARS FEEL LIKE A BLUR! If anything, the human race is resilient. When I look back over the last two years I feel a number of emotions: Sorrow Anger Joy Disbelief Optimism And not necessarily in that order It…
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Will you be receiving a VAT invoice this year?
All value-added tax (VAT) vendors that have gone through a VAT verification from the South African Revenue Service know how frustrating the delays on input VAT refunds can be when supporting documents do not meet the requirements for a valid tax invoice. Below, we revisit some of the necessary key elements to ensure proper compliance in this regard. The…
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What is a “transaction” for transfer duty purposes?
According to reports, given current low interest rates, there have been an uptick in property transactions. Therefore, it is worthwhile considering the potential impact of any transfer duty taxes to be imposed on such transactions. The Transfer Duty Act imposes a transfer duty on the value of any property acquired by any person by way…
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Year End message from Cedric
2020 vision GREAT 2020 cricket GREAT 2020 year NOT SO GREAT WHAT A YEAR THIS HAS BEEN !!! Certainly one of the strangest, longest and most difficult I have ever experienced. However looking back, we seem to forget all the bad things and focus on tomorrow. Tomorrow will be brighter and better. I often tell…
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This is the most unusual and absolutely scary time that I have ever witnessed
Dear Clients This is the most unusual and absolutely scary time that I have ever witnessed. What are the facts? Economies have been shut down worldwide We all will lose money The economy will struggle Unemployment will increase Our mental health will suffer What are probabilities? Human behavior might change Consumer behavior might change The…
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The CIPC to Intensify Compliance Enforcement
The Companies and Intellectual Property Commission (CIPC) Compliance Checklist was implemented by CIPC from 1 January 2020. Companies will be required to complete the Compliance Checklist, prior to submitting their annual returns. The Compliance Checklist is applicable to all companies, including state-owned companies, non-profit companies, private companies, personal liability companies and public companies. The checklist…
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CIPC Compliance Checklist Working Paper
The following table sets out the relevant sections that are referred to in the CIPC Compliance Checklist, and each section’s detailed requirements/explanations can be found in the Checklist.pdf document: No Co Act Section Explanation of Co Act Section Yes No N/A 1. 4 Solvency and liquidity test 2. 15 Memorandum of Incorporation, shareholder…
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Sections of the Companies Act that are in Checklist
4. Solvency and liquidity test (1) For any purpose of this Act, a company satisfies the solvency and liquidity test at a particular time if, considering all reasonably foreseeable financial circumstances of the company at that time- (a) the assets of the company, as fairly valued, equal or exceed the liabilities of the company, as…
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Clients Bowls Day and Awards Evening
[vc_row][vc_column][vc_column_text] We have recently hosted a Clients Bowls Day and Awards evening in celebration of our clients and staff. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][dfd_gallery_module_shortcode post_categories=”clientday” exclude_from_loop=”” posts_to_show=”9″ items_offset=”20″ columns_masonry=”4″ masonry_sort_panel=”” enabled_title=”” enabled_meta=”” enabled_read_more=”” enabled_share=”” enabled_comments=”” enabled_likes=”” enabled_anim_com_like=”” style=”masonry” title_position=”bottom” title_font_options=”tag:div”][dfd_spacer screen_wide_resolution=”1280″ screen_wide_spacer_size=”40″ screen_normal_resolution=”1024″ screen_tablet_resolution=”800″ screen_mobile_resolution=”480″ screen_normal_spacer_size=”40″ screen_tablet_spacer_size=”10″ screen_mobile_spacer_size=”5″][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_single_image image=”4015″ img_size=”large” alignment=”center” onclick=”img_link_large”][vc_column_text] Cedric Peterson congratulates Thelma Oertel on…