Newtons

Tag: business

  • Provisional TAX

    Provisional TAX What is provisional tax? Provisional tax is not a separate tax.  It is an estimate of tax for the first six months of the tax year payable in August and then an estimate of the tax payable for the year payable in February. In essence therefore paid after six months of the year…

  • Recent legislative changes relating to Trusts

    Important information relating to recent legislative changes relating to trusts There have been significant changes made to legislation that affect trusts of which all trustees should be aware of.  The majority of these came about after the recent grey-listing of South Africa by the Financial Action Task Force (FATF) and Treasury introduced measures to improve…

  • The facts on Provisional Tax

    The facts on Provisional Tax Understanding the ins and outs of taxes can seem daunting as an everyday taxpayer. It should not be a painstaking process to understand why your hard-earned money is allocated to certain taxes, and that is why we have taken it upon ourselves to explain some of the terminology and criteria.…

  • The A-Z of the POPI Act

    The Protection of Personal Information (POPI) Act came into full effect on the 1st of July 2021. If you still haven’t implemented your POPI compliance strategy, it is strongly advisable that you take quick and decisive steps to do so as non-compliance could carry hefty penalties. To ensure that you get your (POPI) act together, we’ve put together a handy…

  • 10 tips for excellent cash flow management

    Are you sitting down? Let us share a frightening statistic with you. In a report published by FinFind in November 2020, it was found that 42.7% of small businesses in South Africa were forced to shut down during the first 5 full months of the lockdown. The research data was comprised in a survey of 1489 businesses across all main sectors of the economy, and so must…

  • Why the POPI Act matters

    The right to privacy is enshrined in Section 14 of South Africa’s Constitution and we understand it to be a vital human right. It states: “Everyone has the right to privacy, which includes the right not to have – (a) their person or home searched; (b) their property searched; (c) their possessions seized; (d) the privacy of their communications…

  • Why it is important to know the value of your business

    A properly considered business valuation can be the first step in many essential business processes and activities. Although there are many examples, these might include procurement of a buy and sell policy or facilitation of a business restructuring process, for instance. Initiating negotiations during a sale of business transaction, probably remains the most common business…

  • Take care of your biggest asset

    I recently dreamt that I was at a conference and the topic was “SHOULD EMPLOYEE COSTS BE CAPITALISED AS AN ASSET OR EXPENSED?” Now that is obviously NONSENSE but let us consider it for a moment. The single biggest cost of some businesses is employee costs You cannot do all the work yourself Your quality…

  • The importance of having a good accounting system

    If your business doesn’t have an effective accounting system in place, you run the risk of making serious errors in your finances. Furthermore, a good accounting system simply makes life easier and allows you to focus more on growing your business.  It helps you evaluate the performance of your business: A good accounting system gives…

  • 5 Common small business money mistakes

    Of all the roles, a small business owner takes on, often the most challenging is managing the business’s finances. You can improve your chances for success – and your profitability – by being aware of and steering clear of these common small business money mistakes.  Insufficient Cash Insufficient cash is one of the leading causes of…

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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