- Four steps SARS has to take before removing money out of your bank account
- The money in your company's bank account isn't totally under your control! SARS can demand you pay someone else's taxes. With the Tax Admin Act telling taxpayers that ignorance is no excuse, make sure you know your rights and how to prevent SARS from taking money out of your bank account.
For SARS to recover any tax debt, you have to receive an assessment. And the assessment should be correct.... ››› more
- [24 March 2017]
- Oops... You promoted the wrong guy! Now what?
- Peter has been your star employee for years. He's reached his targets and been a great benefit to your company. So you promoted him. You gave him more responsibility, and even some other employees to manage.
He seemed like the perfect choice for the promotion. But now he's just not cutting it. He's not meeting his deadlines and his overall performance has taken a radical nose dive!
You've tr... ››› more
- [10 March 2017]
- Legal advice when making business investments
- While small businesses will often have a great or innovative product, determination and a desire to succeed, there is commonly a need for start-up companies to seek external help. There are many important areas of business where a company will benefit from outside support and this is particularly true when it comes to legal issues. There are many areas where a small or emerging company requires le... ››› more
- [03 November 2016]
- 'I'm sorry; you didn't get the promotion...' An unsuccessful employee can claim up to 12 months' remuneration!
- It's normally quite simple. You decide who you want to promote. It's your prerogative. You're running the show, and you're perfectly within your rights to decide who you want, or don't want, in a position.
But did you know an employee can have a claim against you if she can prove you were unfair in not giving her the position? Or she can prove you didn't objectively consider her application?
... ››› more
- [18 August 2016]
- Can you deduct input tax on promotional gifts? Here are 2 examples to help answer that
- Generally speaking, SARS views input tax deductions for gifts and awards as entertainment, and they so won't allow it.
But there are exceptions to this, such as with promotional gifts!
That's right, SARS will allow you to claim input tax on promotional gifts in certain situations.
But be careful not to make a mistake, otherwise you could end up with unwanted penalties!
So take note of ... ››› more
- [17 March 2016]
- CASE LAW: Can an employee EXPECT a promotion?
- Arguments can easily arise between you and an employee because of you not promoting him.
This can come about when an employee has an expectation of promotion. For example, you might have invited him to apply for a more senior position, but in the end didn't appoint him, making way for someone else.
Now, when dealing with a situation like this, there seems to be confusion around an expectatio... ››› more
- [08 March 2016]
- Stick to this key principle and avoid an unfair labour practice regarding promotions
- If you have a very senior position open within your company, and you invite an employee in a slightly lower level of seniority, to apply for the post, the chances are that she's going to see the offer as a guaranteed promotion.
But if her application turns out to be unsuccessful, she could claim an unfair labour practice on your part.
But not if you follow this one very important principle..... ››› more
- [06 March 2016]
- Context counts! Here's why you are submitting your PAIA manuals by 31 December 2015
- I'm sure that many of you have heard of the Promotion of Access to Information Act (PAIA) manual deadline, namely the 31st December 2015.
Yes, it's true, ALL private businesses MUST submit legally-compliant PAIA, also known as PROATIA, manuals by this date.
But why exactly do you have to comply with this legislation?
You see, if you as an employer were to simply pass it off as just some req... ››› more
- [04 December 2015]
- The PAIA Compliance deadline is looming!
- Time is running out to order your PAIA software and ensure compliance!
31 December 2015 marks the end of the exemption period for Private Bodies in terms of the PAIA section 51 manual.
Ensure your compliance, as well as the compliance of your clients, by ordering the ProBeta PAIA manual software now. The software which runs on a Microsoft platform, helps you create PAIA compliant manuals quickl... ››› more
- [27 November 2015]
- The Promotion of Access to Information (PROATIA) Application to create a PAIA manual, is now available
- Important notice to all accounting professionals:
Save time by using this PROATIA software application to create all your clients' PAIA manuals. All businesses and natural persons who carry on a trade, are required to comply with the Promotion of Access to Information Act 2 of 2000 (PAIA), which requires all businesses, big or small, to develop and publish a PAIA manual. A PAIA manual is essentia... ››› more
- [27 November 2015]