Category: Newtons
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Nicholas Newman
Nicholas Newman competed in the African and South African bi-Athlon Championships (Running and Cycling) in Potchefstroom. He ran a 5km, 20km cycle and then 2.5km run (all after each other) he completed this in a time of 1:08:06. He came second and received a silver. Nicholas is a Paralympic javelin champion and this bi-Athlon is…
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SAICA Free State Annual Dinner
SAICA Central Region presented the Queen Experience with Joseph Clark at the 2013 Free State Annual Dinner, proudly sponsored by Syspro. Joseph has become well known for his powerful interpretation of Queen’s music, making this an event not to be missed. This glamorous event held at Ilanga Estate was filled with good food, wine ,…
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Annual Practitioner’s day at UFS
Newtons participated in the Annual Practitioner’s day at the University of the Free State. This event gives Auditing and Accounting Firms exposure to students currently studying in this field and vice versa. Newtons held a competition and an Apple iPod was up for grabs. The lucky winner was Iziwe Mameza 2nd year B.Acc Student. He…
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Newtons has once again created history with Abacus Payroll Software
Newtons has once again created history by becoming the first agency in the Free State for Abacus Payroll Software. This confirms our commitment to our clients to provide them with affordable and easy to use products that will save them time and money and help them focus on what is most important to them. Six of our staff attended the…
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Who got married!
Congratulations to Marnus and Yvonne Erasmus on their wedding!
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Family Business Stories
James and Sarah have been avoiding each other like the plague for more than a week now. Sarah joined her husband James a year ago in his construction business as the accountant. They have been locked in battle since day one: About who must do what, how much time she can take off for home…
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VAT: A few important things to remember when claiming Input VAT
Input VAT is the VAT that you pay on your purchases and which you can claim back from SARS. SARS has increased their vigilance with verifying VAT returns. By following the next basic rules about input VAT you can avoid costly penalties levied on mistakes made when completing your VAT return. 1.You must hold a…
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Company car or Car allowance?
To quote Hamlet: “Company car or car allowance that is the question” (I am sure if he lived in the 21th century he would have asked it exactly like that) This question of tax on fringe benefits is a difficult one. Do I choose a company car or do I go for a travel…
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Moonwalking the Newtons Way
“It is obvious that we can no more explain a passion to a person who has never experienced it than we can explain light to the blind.” T.S. Eliot On Thursday 25 April, at 6pm, Newtons staff, together with Child Welfare Bloemfontein embarked on the first Red Socks night walk at Sewe Damme. Armed with headlights we…
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Administrative non-compliance- and understatement penalties
In his latest budget speech the minister clearly stated that Treasury is finding itself in a challenging period, with revenues lower than expected by R16,3 billion compared with estimates at the time of the 2012 budget. From the above it is clear that Treasury will use every endeavour to increase the collection of taxes including…