THE SHOW MUST GO ON!!!

Written by Roelf Barnard on . Posted in Blog

From a business perspective our country and the world is facing trying economic times. Covid-19 is certainly one of those unexpected events that very few people are ready for.

 

We are facing a pandemic that’s unfortunately going to have a very severe impact on the economy and what we know as a norm currently.

 

We wish all our clients and businesses well in these trying times and we wish to encourage everybody to keep productive where at all possible.

 

We have set our offices up in a manner to enable us to still operate from home and wish to advise that the normal compliance procedures for businesses have not been suspended.  All PAYE, UIF, income tax and all other tax liabilities needs to be kept up to date.

 

In light of this all our essential staff is operating from home and has full access to our servers and documentation needed. They will be available on their normal email addresses and on Skype. Should you have difficulty to get hold of any staff member you can contact any one of the partners. Roelf on 082 782 1753 or Maryna 072 142 9791

 

It seems like the internet is experiencing some pressures resulting from abnormal loads on the system. We will address this and work around it as much as possible.  We do request our clients to keep up to date and send the required information to us asap as undue delays will not make it possible for us to comply at the end of April.

 

We will be posting relevant information as we get it.  The procedures to access some of the relief set out by government and other role players is at this stage not clear. As we receive the specific directives from our institutes and from SARS and all other relevant parties, we will post these documents on our website and also post it on our Facebook pages.

 

Please be ensured that we as a company are still committed to servicing our clients and will do so in the best way possible in the circumstances.

 

 

Good Luck and stay save.

Tax Season 2017

Written by Maryna Gilfillan on . Posted in Blog

 

TAX! TAX! TAX! – It’s that time of the year again!

 

Please take note that your personal tax for the year ended 28 February 2017 is due.

Taxation is probably the biggest single expense on an individual’s monthly budget. We are proud to be of assistance in the planning and minimizing of your tax burden.

Just remember the quicker we receive all your relevant documents, the quicker we can file your Income Tax return!

The following supporting documents is required for the year ended 28 February 2017:

 

  • IRP5 / IT3(a)

  • Medical aid certificate and medical expenses not covered by your medical aid

  • RA Contribution Certificate

  • If you received a travel allowance - a detailed logbook is required

  • Investment income (Interest received)

  • If you are a director of a company or a member of a close corporation or you traded in your personal capacity - we require a private asset and liability schedule

  • Rental income - if you received rental income, a detailed income and expense sheet is required

To ensure that all personal tax returns is submitted to SARS before the due date of 24 November 2017, please note that we require all documents by latest 31 October 2017.

Feel free to contact us at any time, should you have any queries or questions regarding your tax affairs

 

 

Eskom Load Shedding

Written by Roelf Barnard on . Posted in Blog

As we draw close to the end of the first month of 2015 we have now learnt that the threats of early December 2014 was not empty threads. Load shedding is a reality and will certainly have a significant impact on businesses in 2015. But what went wrong and what can we learn from this.

Let’s go back to the beginning before 1994, the start of our democracy.  At that stage power was stable, but a vast majority of the country’s residents were not able to access this power. The new democratic government embarked on a process to give previously disadvantaged people access to electricity. What they failed to take into account is if they have capacity to supply everyone with electricity. They did not keep track of what the increase in demand will be. Almost like travelling to Cairo and failing to plan where you will fill up with fuel.

The second fatal error that was made is to not take notice of the warnings that we will run out of electricity when they were warned. I must blame this on ministers and decision makers that was appointed for political reasons instead of appointing them because of their skills.

Thirdly we must look at the impact of Black Economic Empowerment. This has various aspects. I will start with the initial impact where the employment of skilled white personnel was halted and unskilled black personnel was appointed that had absolutely no experience. Here I must also share a personal experience: When I started my carreer part of that career was, firstly to obtain your degree and then go and gain experience by doing articles. I started at a medium sized audit firm with a lot of confidence and I must say also a lot of arrogance. I had my degree. I thought I knew everything and are just going to cruise through my articles. I was given my first simple task to do a cashbook, one of the most basic principles in the profession. I was quick to realise, boetie you know nothing, humble yourself, open your ears and mind and learn from your peers. The point is that any graduate in any industry needs the practical experience. These need black entrants in the market was advanced way too quickly without gaining the experience. With the whites that had the knowledge not being able to get promoted they went their own way and Eskom lost the skills. A fatal error.

With the lack of the necessary skills they had to employ outside consultants and service providers. This obviously were not free from corruption and favouritism to friends and comrades, which resulted in inferior work and excessive pricing.

Lack of privatisation was another mistake. Thiswould easily have assisted in finding a suitable solution for this problem, but the political will is simply not there to get this done. There can be many reasons for this, but one can only imagine how many inefficient companies and corrupt operators will be out of work.

So a couple of simple principles that we can take with us and implement in your business:

  • Plan for what might lie ahead. If you see constant growth in your business, plan for this in all aspects. This will include skilled personnel, greater operating capacity, whether this may involve machinery or larger premises or bigger imports of stock.
  • Do not contract with companies that does not have a proven track record.
  • Do not be scared to subcontract if you are not able to meet demands, but maintain your core function. This means that you can subcontract certain aspects of your business that will compliment your product spread.
  • Ensure adequate finances to meet your expected growth.

Awsome 10 Year Celebration

Written by Roelf Barnard on . Posted in Blog

Well it came and has no gone. We had an awesome celebration with our clients on Friday 6 June 2014. Thank you to all of those who attended. To those that did not make it: YOU LOST OUT!!! But life happens and the cold weather did not help. At least we had nice fires to keep us warm.

We wish all of you good luck with your business and really look forward to our journey for the next 10 years with you.

 

 

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Our staff is available during business hours: (011) 462 3890

  • Monday-Friday: 7:30am to 4:30pm
  • Saturday & Sunday: closed