There are many reasons why a consumer may default in his payments to a credit provider. Notwithstanding these reasons, the credit provider must follow certain procedures to enforce the agreement. The first step, is for the credit provider to deliver to the consumer a written notice...
With summer officially upon us, one can’t help but to wake up earlier than normal and start the day with a smile on your face. As 2018 draws to a close everyone is working themselves to the bone, trying to tie up any loose ends before venturing off to their much-deserved vacation or staycation if you will.
The Companies Act of South Africa (the Act) requires all companies to prepare financial statements within 6 months after the end of its financial year. A very popular question among business owners with regards to financial statements is whether the statements...
The frustration experienced by taxpayers and the complexity of registering a trust as a taxpayer with the South African Revenue Service (SARS), has been widely publicised in recent years. Despite calls from industry bodies for a simplified approach...
The Small Claims Court provides a prompt and inexpensive way to resolve minor disputes. It is meant for the ordinary man and woman on the street who cannot afford civil litigation. In particular, the Small Claims Court can benefit the destitute and indigent in South Africa to be able to access...
Daar is soveel om voor dankbaar te wees met die sluiting van die derde kwartaal. Die winter wat uiteindelik agter die rug is, die son wat elke dag warmer skyn en die fluisters van vakansieplanne wat al gehoor kan word. Ons kan net terugkyk en sien hoe geseënd ons was met die milde reën...
On 21 February 2018, Finance Minister Malusi Gigaba delivered the maiden budget speech. Following President Ramaphosa’s State of the Nation Address theme of hope and renewal, Gigaba placed key emphasis on the risks that have been a centre of concern for the South African economy.
You have worked hard for many years, and have finally saved enough funds and mustered the courage to take the big leap that you have been dreaming about for such a long time… you are going to invest in your own business.
The annual tax filing season is upon us and acting SARS Commissioner, Mark Kingon, announced that the season will open on 1 July 2018 for eFilers. SARS branches will assist taxpayers from 2 July 2018. The filing season will then end on 31 October.
Entities that conduct their activities in a non-profit manner may apply in certain circumstances to the Commissioner for the South African Revenue Service (“the Commissioner”) to be approved as a public benefit organisation (“PBO”)...