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Month: June 2018

Cancelling a contract? The Do’s and Dont’s to consider!

Every person, whether an individual or a juristic person, will find themselves in a situation where they will want to terminate a contract. The aim of this article is to set out the requirements for terminating a contract as well

SAAudit June 25, 2018 Contracts Read more

Changing banking details with SARS

In order to prevent fraud, the South African Revenue Service (“SARS”) requires confirmation of new or any changes to existing banking details and will only process any refunds due once these new details have been verified. (This often leads to

SAAudit June 25, 2018June 25, 2018 Financial Read more

When can you deregister a private company or CC?

During the registration of a company or close corporation that entity acquires a legal personality. This legal personality comes to an end when the directors and/or members decide to deregister the entity. A company or close corporation can be deregistered

SAAudit June 25, 2018July 9, 2018 Insolvency Read more

Buying out shareholders

We are often approached by clients to advise on the most tax efficient manner in which a shareholder can sell an investment in a private company. Typically, the parties involve a majority shareholder of a company that is interested in

SAAudit June 25, 2018June 25, 2018 Business planning Read more

2018 Tax Season: SARS shortens submission period

    The annual tax filing season is upon us and acting SARS Commissioner, Mark Kingon, announced that the season will open on 1 July 2018 for eFilers. SARS branches will assist taxpayers from 2 July 2018. The filing season

SAAudit June 14, 2018June 14, 2018 Tax Read more

Valid Tax Invoice Requirements for VAT Vendors

When making a purchase for your business, you should always ensure you receive a valid VAT invoice. This enables you to claim input VAT from SARS. With the change in VAT rate from 14% to 15%, VAT has come under

SAAudit June 8, 2018June 8, 2018 Tax Read more

Can someone record me without my permission?

Over the past few months, we have seen videos being posted on social media of physical altercations, poor service delivery and racial slurs, but the victims of the videos and audible recordings are usually unaware that they are being recorded.

SAAudit June 8, 2018June 8, 2018 General Read more

Is it possible to backdate an agreement?

A popular question which comes up during a consultation with a client when the drafting of commercial documents is discussed is, “what is the effective date of the transaction?” It is common practice that the effective date be expressly defined

SAAudit June 8, 2018June 8, 2018 Contracts Read more

Cryptocurrency

Cryptocurrency and blockchain has been the hot topic in the media the past year. It is a concept that few truly understand, and could change the future for everyone in a major way. But what is cryptocurrency and blockchain? Per

SAAudit June 8, 2018June 8, 2018 Financial Read more

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