Capital Gains Tax – when does it come into play?
The distinction between amounts received of a capital nature as opposed to a revenue (or income) nature is essential for income tax purposes. Non-capital amounts received, such as from the disposal of trading stock, are subject to tax at a higher effective rate compared to capital profits.
HVM internal news | interne nuus
Dit is in vreemde tye waarin ons die tweede kwartaal van 2020 afsluit. COVID-19 is een van die grootste uitdagings wat ieder en elk van ons al ooit ervaar het. In hierdie tye waarin die wêreld hom tans bevind probeer ons almal ons bes om positief te bly en mekaar te ondersteun
HVM AND COVID-19
We, at HVM, trust that you our valued clients are still safe and positive in this current lockdown period which have been extended to 30th April 2020. This effectively mean as it stands now that our offices will physically open on Monday, 4 May 2020.
Accounting tips for a successful business
Running a business has many challenges, from building clientele to employee relations. However, one of the biggest challenges a business may face is keeping abreast of important accounting practices. This is vitally important because without the proper practices in place...
February 2020
After 2019 and all the challenges it brought, a well deserved break has given HVM the opportunity to re-group and tackle 2020 with renewed strength and energy. We hope our clients are just as well rested and as motivated as we are to make a success of 2020.
Cryptocurrencies: Everything You Need to Know
Bitcoin, Ether and Litecoin. These are some of the most prominent cryptocurrencies on the market today. Bitcoin is by far the best-known cryptocurrency due to the substantial increase in the price that was experienced in the past couple of years.
Deductible or not deductible?
On 15 November 2019, the Cape Town Tax Court handed down judgement in ITC24614. It is yet another judgement concerned with the distinction between expenses of a capital nature or revenue nature – arguably the issue over which there has been the most litigation in South African tax history.
How technology is influencing the financial world
Accounting has moved from pen and paper to the cloud, monthly payments can be done through online banking apps, and big purchases like houses and other property can be completed using cryptocurrency. For a business to be successful...
