Blog

Blog

February 2020

After 2019 and all the challenges it brought, a well deserved break has given HVM the opportunity to re-group and tackle 2020 with renewed strength and energy. We hope our clients are just as well rested and as motivated as we are to make a success of 2020.

Cryptocurrencies: Everything You Need to Know

Background to Bitcoin

Bitcoin, Ether and Litecoin. These are some of the most prominent cryptocurrencies on the market today. Bitcoin is by far the best-known cryptocurrency due to the substantial increase in the price that was experienced in the past couple of years.

Growing your business and adapting to change

Growing a business takes several important characteristics that require a dedicated leader driving it at the helm. These characteristics include vision, change and people. An effective leader will also engage others in the business to embrace and adapt to change as growth continues.

Accounting tips for a successful business

Running a business has many challenges, from building clientele to employee relations. However, one of the biggest challenges a business may face is keeping abreast of important accounting practices. This is vitally important because without the proper practices in place, your entire business may be placed in jeopardy.

December 2019

We end this year with amazing memories and proud hearts. Congratulations to South Africa for winning the Rugby World Cup Championship! We also did our part supporting the Boks with our Bok-Friday jerseys and participating in the Superbru competition. Well done to Anmar who took the trophy.
 

How technology is influencing the financial world

Accounting has moved from pen and paper to the cloud, monthly payments can be done through online banking apps, and big purchases like houses and other property can be completed using cryptocurrency. For a business to be successful, it is important that is keeps up with the tech and digital world, which has shown financial and time efficiency. The added advantage is that bulky computers, heavy stacks of coffee-stained documents and long queues are a thing of the past. 

Deductible or not deductible?

On 15 November 2019, the Cape Town Tax Court handed down judgement in ITC24614. It is yet another judgement concerned with the distinction between expenses of a capital nature or revenue nature – arguably the issue over which there has been the most litigation in South African tax history.

Hoekom is belastingbeplanning belangrik?

Belastingbeplanning is noodsaaklik om te verseker dat jou welverdiende Rande, binne alle wette en regulasies van die Suid-Afrikaanse Inkomstediens en die Inkomstebelastingwet, te rek vir die nabye toekoms maar ook vir 
jou goue jare. 

Dit is ‘n gegewe dat almal iewers belasting sal betaal, ongeag hoe haarfyn jou beplanning is. 

Your payroll administration questions answered

As payroll administrators ourselves, we encounter a few frequently asked questions that employers, business owners or those responsible for payroll administration within organisations struggle with.  Below we have a detailed answer for you on these burning questions you are facing.  We hope that you find them insightful.

1.Question: At what stage is an employer required to register for PAYE and UIF with the South African Revenue Service?

Your payroll administration questions answered

As payroll administrators ourselves, we encounter a few frequently asked questions that employers, business owners or those responsible for payroll administration within organisations struggle with.  Below we have a detailed answer for you on these burning questions you are facing.  We hope that you find them insightful.

1.Question: At what stage is an employer required to register for PAYE and UIF with the South African Revenue Service?

Your payroll administration questions answered

As payroll administrators ourselves, we encounter a few frequently asked questions that employers, business owners or those responsible for payroll administration within organisations struggle with.  Below we have a detailed answer for you on these burning questions you are facing.  We hope that you find them insightful.

Question: At what stage is an employer required to register for PAYE and UIF with the South African Revenue Service?