TAX TABLES 2017/18
TAX TABLES 2017/18
Section 7C and Trusts
An important amendment to the Income Tax Act pertains to interest free or low interest loans to Trusts. Section 7C. If a connected person, or a company at the instance …
NEWS FROM THE HOUSE
Here we are, at the start of a new year. From all of us at Sync Accounting we wish you the best for 2017. May your dreams & wishes come …
New thresholds and B-BBEE Status Levels for EMEs and QSEs
The Amended Codes of Good Practice have been issued under section 9 of the B-BBEE Act (Act No 53 of 2003, as amended) per Notice 1019, Gazette No 36928 of …
Employment Tax Incentive Scheme
Information obtained from SARS.gov.za website Why is there an Employment Tax Incentive? Millions of young South Africans are currently unable to participate in economic activity, and as a result suffer disproportionately …
South African Gaap to be withdrawn
The Companies Act, 2008 (“the Companies Act”), has brought about changes to the standardsetting process that has required the continued existence of South African Statements of Generally Accepted Accounting …
DIVIDEND TAX vs STC
THE NEW DIVIDEND TAX – DOES IT MAKE A DIFFERENCE FOR YOU AND ME? Yes, indeed it does! On April 1 STC will change to Dividends Tax (DT). Although the …
2012 Budget
SAICA 2012 Budget Speech Summary
PAIA – Deadline of 31 Dec 2011 postponed
A Government notice was published on 30 December 2011 extending the deadline for the submission of manuals for 4 years to 31 December 2015. This is applicable to all private …
DIRECTORS: DUTIES, RESPONSIBILITIES & LIABILITIES
I have put together a document to guide directors regarding the new Company Act’s impact on director’s duties & responsibilities. Page one of the document is a summary and …