How FATF ‘greylisting’ will impact SA business
Written By Kerin Wood SA companies will need to respond quickly to mitigate the risks stemming from this development. Global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF), has placed South Africa on its so-called ‘grey’ list, adding South Africa to a group of jurisdictions under increased FATF monitoring and meaning […]
The documents required for claiming business travel expenses from SARS
Written by Anrich Marais In many cases, you may or will be required to travel to and from clients to perform your work duties. This may be per private vehicle, a company-provided vehicle, an Uber, train, or an airplane. You may wonder what documents you need to keep to claim a tax deduction for yourself […]
How to sell a business as a going concern and charge VAT at the zero rate (0%)?
If you are looking to sell your business, you can do so in three ways, namely: Selling the assets; Selling the shares; and Selling your business as a going concern. If you merely sell the assets, that would attract VAT at the applicable rate (currently 15%). If you sell the shares in the company, […]
Isn’t it time you revised your financial strategy?
So much has happened over the past few months that wrapping your head around it all can get difficult, especially if you are running a business. If you’re in a bit of a bother because of the current state of the world and the economy that doesn’t quite make sense right now, don’t feel alone: […]