Latest news

What can you do about employees who didn't show up to work because of today's taxi strike?

It's a jungle in Jo'burg this morning. Not only is the heavy raining causing havoc on the roads, but thousands of workers are stranded due to today's National Taxi Alliance (NTA) strike. And that's bad news for your business. Here's what you need to know about how to handle employees who couldn't [read more...]

How to avoid a Miss SA type nepotism scandal in your workplace

There's a fresh scandal surrounding the Miss South Africa pageant. A few weeks back, news reports indicated that the general public wasn't happy with the choice of judges for the pageant. Now there's a rumours of t. And it's put the spotlight back on nepotism in the workplace. [read more...]

Strikes: What does 'issue in dispute' mean?

News reports this morning indicate that government intends to meet with the Association of Mineworkers and Construction Union (Amcu) today in a last ditch attempt to halt a mass strike in the mining sector. The looming strike, which is expected to have a devastating impact on the economy, has [read more...]

capital gains tax

  • Can you reel off the amount of immovable property your company owns without 'um'ing and 'ah'ing about it? Probably not. Government was in a similar situation before implementing a fixed asset register. Now that it's doing so, the State estimates its property is valued at around R300 billion. Here's why you need to implement a fixed asset register in your business, too......
  • [09 May 2013]
  • Is your business ready for SARS' new information filing requirements?
  • If you're nervous about the state of your business' tax affairs, best you check everything's in order. Because SARS has just acquired new powers to find out whether taxpayers are lying about their finances. This will make it easier for SARS to check your business' tax compliance than before. But it also means your business may have new filings to submit...... ››› more
  • [08 May 2013]
  • All you need to know about CGT if you're selling your business property
  • If you're selling your business property, you're probably not looking forward to working out your capital gains tax or CGT calculations. Especially if you've looked to Australian news sites for guidance recently, as recent CGT rulings have resulted in it being called 'the capital gains maze'. Luckily, it's a bit simpler in South Africa - just remember to exclude the base cost of the property from your CGT calculations...... ››› more
  • [07 May 2013]
  • Here's what you need to know about CGT before you sell your company's Krugerrand collection to free up some cash!
  • Buying gold coins as an investment is a great profit making-move. Many businesses are realising this, with the smallest American Eagle coins proving so popular in recent times that the US Mint has run out of stock! If your company's invested in a collection of Krugerrands that you intend to sell for a profit at a later stage, best you beef up on capital gains tax rules, because CGT applies any time you dispose of capital assets like Krugerrand coins!... ››› more
  • [30 April 2013]
  • How to reorganise your business and save your company from triggering immediate capital gains tax
  • Tired of paying thousands to SARS every year? Well I've got some good news for you. I have one way you can reorganise your business without triggering immediate capital gains tax bill. Let's have a look how...... ››› more
  • [29 April 2013]
  • Do you know when CGT applies to your home office?
  • Kenyans are in uproar as capital gains tax or CGT is about to be reintroduced in the country. Luckily, selling your one and only home won't be subject to CGT in the country as more people across the globe are working from home. Here in South Africa, if you work from home you're entitled to claim home office deductions from SARS - but did you know that CGT also applies if you then sell the home you work from?... ››› more
  • [26 April 2013]
  • Don't miss out on this great CGT saving if you sell your business to retire this tax year!
  • These days, it's easy to start up more than one business, or to acquire more than 10% of the shares in a business. If the business is based in Australia, you'll be paying over more CGT soon as a non-resident. But locally, SARS lets you make a huge CGT saving if you operate lots of small businesses! Here's how...... ››› more
  • [18 April 2013]
  • The truth about death and taxes - CGT still applies AFTER you die!
  • Irish entrepreneurs are hoping their voices are heard as they ask for the capital gains tax or CGT that applies to them to be halved from 33% to 16.5%. This comes after the CGT rate was upped from 30% to 33% in the country last December. In South Africa, businesses of all sizes are also doing all they can to pay less CGT - but you're in it for the long run - you'll still effectively be paying CGT after death. Luckily, four types of capital assets aren't affected by CGT when they're donated on death...... ››› more
  • [11 April 2013]
  • Start making this business tax-saving in just three weeks' time!
  • A new regulatory framework is coming into effect for the tax advisory industry this year, to hold tax practitioners accountable for the advice they give to taxpayers. That's great news, but businesses often struggle through their tax problems on their own - especially when it comes to capital gains tax. Luckily, there's one smart business investment you can make that'll result in your business paying less tax in the long run...... ››› more
  • [09 April 2013]
  • Do you know when NOT to pay Capital Gains Tax?
  • Kenyan property owners are 'set for another round of pain starting in the next financial year if the taxman heeds advice from the Parliamentary Budget Office,' warns The Star in Kenya. Why? Well, the latter has recommended that the Kenya Revenue Authority considers levying tax on income gained from appreciated property values. That's normal in South Africa where Capital Gains Tax (CGT) has been applicable to property sales for years. It's also applicable on investments, the sale of your company, a holiday home and much more. But, what most people don't realise is there are actually instances where you DON'T have to pay CGT. Let's look at them...... ››› more
  • [08 April 2013]




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