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New B-BBEE codes unveiled! Find out what this means for your business...
Trade and Industry Minister Rob Davies has unveiled the new Broad-Based Black Economic Empowerment (B-BBEE) codes of good practice. Davies announced the new codes yesterday at the B-BBEE summit in Midrand. Reports suggest the codes will be published in the Government Gazette on October 11. Read on [read more...]Department of Trade and Industry set to announce new B-BBEE codes...
The Department of Trade and Industry, together with the Black Economic Empowerment advisory council, will announce new Broad-Based Black Economic Empowerment (B-BBEE) codes of good practice at a summit on 3 and 4 October, Fin24 reports. Read on to find out how this announcement could affect your [read more...]Industrial Action Report finds SA recorded the highest number of strikes last year
A 2012 Industrial Action Report tabled by the Department of Labour (DoL) has showed a significant increase in the number of strikes last year, compared to the previous four years, EyeWitnessNews reports. According to the report, there were 99 strikes recorded last year alone. Here are the key [read more...]by FSP Business, 21 October 2013 |
'Deductions and allowances – simple words with simple meanings. But, tax legislation has managed to give these simple words the most complex meaning and even greater consequences,' warns the Accounting & Tax Club.
To help you unravel the mystery, find out which two methods of advertising are not deductible.
Revealed: Two methods of advertising are not deductible
#1: Television and radio: According to the Practical Tax Loose Leaf Service, the production costs of an advertisement that'll you'll screen over a long period is of a capital nature and isn't deductible.
On the other hand, the costs may be deductible where the nature of the product only a few screenings made over a short period. In any event, the actual screening costs of such advertisements are deductible.
#2: Permanent structures: Advertising structures that create an enduring benefit or are of a permanent nature may be regarded as being of a capital nature.
For example, a lighting system in a display window that is of a permanent nature, permanent adverts on billboards as well as the erection of a model or a 'dummy' house for the display of goods at the show grounds. This model must be of a permanent nature.
Well there you have it. These two methods of advertising are not deductible. So make sure you comply with tax law.
Can a member who is currently on the provident fund withdraw from the fund and stop paying, even though he's not leaving the company? If his contract of employment doesn't state that an employee must belong to the ... [see the answer]