Newtons

Category: Newtons

  • VAT 201 RETURNS : “BUSINESS AS USUAL”

    Following the implementation of the new Tax Administration Act (TAA) on 1 October, there was widespread concern that VAT 201 returns submitted via eFiling could no longer be submitted on the last business day of the applicable month as was previously the case.  The fear was that returns would in future have to be lodged…

  • BUSINESS 101: IF YOUR HEAD ISN’T IN THE CLOUDS, YOUR IT PLATFORM SOON WILL BE!

    Cloud computing has grown rapidly overseas and is beginning to take off in South Africa. This is technology which puts small and medium businesses (SMEs) on the same IT footing as the larger corporates and multi-nationals. Normally entities with large amounts of cash available have been able to get a technological advantage over SMEs –…

  • ANNUAL DUTY AND ANNUAL RETURNS: ANOTHER BURDEN?

    We live in an age of increasing compliance, which carries with it both a cost and the consequences of non-compliance. Why annual returns? All companies and close corporations (CCs) are obliged to file an annual return with the Companies and Intellectual Property Commission (CIPC). The CIPC is the statutory body via which, among other functions,…

  • AS SARS ENFORCES COMPLIANCE WITH NEW POWERS, WHERE DOES THAT LEAVE YOU, THE TAXPAYER?

    SARS is aggressively pursuing improved revenue collections from taxpayers. Key to this is a campaign to get taxpayers to comply with all tax laws. SARS has expanded its powers considerably and a High Court judge has called some of these powers “draconian”. The main provisions of the new Tax Administration Act (TAA) are effective from…

  • TIME IS RUNNING OUT IF YOUR RESIDENCE IS IN A TRUST, A COMPANY OR A CLOSE CORPORATION (CC).

    Did you purchase your residence in one of the above entities? Now do you find yourself wondering how you can extricate yourself from this without incurring transfer duty, capital gains tax (CGT), and dividends tax (DT)? The government has given you an opportunity to unwind this situation by transferring the residence into your name (or…

  • CORRUPTION: THE SCOURGE THAT CAN AFFECT YOUR BUSINESS

      Anecdotal stories plus growing media focus point to corruption being on the rise. Have you considered what this can do to your business? A fourteen country survey of companies by Price Waterhouse Coopers pointed to growing fear of corruption. What the survey said  63% of companies have experienced some form of corruption 55% say…

  • FINANCE 101: HOW SERIOUSLY DO YOU TAKE YOUR PRICING?

      Pricing is one of the fundamental drivers of a business. It is worth shining a light on how it works within a business as any improvements in pricing go straight to the profitability line or as accountants say, they go straight to the bottom line. The issues  There is plenty to look at in…

  • IS YOUR BUSINESS ELIGIBLE FOR SMALL BUSINESS CORPORATIONS (SBCs) OR MICRO BUSINESSES (MBs) TAX BENEFITS?

      Section 12 E of the Income Tax Act offers relief to SBCs – plant and machinery is written off in the year of purchase, other assets (such as furniture and equipment) are written off in three years and SBCs only pay tax of R24,580 on their first R300,000 of taxable income. MBs pay tax…

  • THE STORY BEHIND THE RED SOCKS

                      Two young friends decided to explore the World. When it came time for one of them to return home, they decided they needed something to represent their friendship, the memories they had made and their shared passion for adventures to come. They remembered a story that…

  • Finance 101: Your business plan – a key ingredient to success

    Business plans can be an invaluable tool in understanding and controlling your business. What is a business plan and who should do it? It is a thorough formal analysis of your business model. A business plan includes, among other things, the type of business you run or plan to run, what type of products or…

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IC Marais

Professional experience:

IC Marais is a certified CA (SA) with public sector and private sector technical knowledge based on 5 years’ Public Sector accounting, auditing and financial management experience and 5 years audit, tax and accounting experience. Detailed knowledge of private and public sector accounting and auditing standards (GRAP, IPSAS, IFRS, IAS, ISA) and public sector financial legislation (MFMA, etc.)

He enjoys the outdoors, hunting and fishing.

ic@newtons-sa.co.za

SCHALK GOUWS

Professional experience:

In 1995, Schalk started as a trainee at Warner and Newton (which became Moores Rowland in 1997 and then Mazars Moores Rowland in 2007) in Bloemfontein. In 1998, Schalk was appointed as manager at Moores Rowland, where he became a partner in 2003. Schalk received his Postgraduate Certificate in Advanced Taxation in 2006 and in 2009 he received his Certificate in the Administration of Estates.

schalk@newtons-sa.co.za

CEDRIC PETERSON

Professional experience:

Cedric started as a trainee at Warner and Newton (which became Moores Rowland in 1997 and Mazars Moores Rowland in 2007), Bloemfontein, in 1986. After completion of his articles, he joined the Special Investigations Division of the Department of Finance (SA Revenue Services) as a senior inspector from 1990 to 1991.

cedric@newtons-sa.co.za

LUCHA GREYLING

Professional experience:

Lucha started her career as a tax inspector at the Inland Revenue Department of New Zealand. After this she worked in commerce in Canada, Mexico and the United States.

On her return to South Africa, she completed her CA training contract with us and has been with Newtons ever since. She became a Partner in 2012.

Apart from her CA(SA) qualification she also holds a postgraduate certificate in Advanced Taxation (2005) and has the overall responsibility for training as our Training Officer.

lucha@newtons-sa.co.za