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Blog: September 2018

September 2018

Daar is soveel om voor dankbaar te wees met die sluiting van die derde kwartaal. Die winter wat uiteindelik agter die rug is, die son wat elke dag warmer skyn en die fluisters van vakansieplanne wat al gehoor kan word. Ons kan net terugkyk en sien hoe geseënd ons was met die milde reën en die groot hoeveelheid werk wat ons aangepak het.

When to make use of the Small Claims Court

The Small Claims Court provides a prompt and inexpensive way to resolve minor disputes. It is meant for the ordinary man and woman on the street who cannot afford civil litigation. In particular, the Small Claims Court can benefit the destitute and indigent in South Africa to be able to access justice in a very informal, cost-effective, and user-friendly manner.

Registration of a trust as a taxpayer

The frustration experienced by taxpayers and the complexity of registering a trust as a taxpayer with the South African Revenue Service (SARS), has been widely publicised in recent years. Despite calls from industry bodies for a simplified approach (like companies and individuals), registering a trust as a taxpayer remains an overly complex process.

When should financial statements be audited, reviewed or compiled?

The Companies Act of South Africa (the Act) requires all companies to prepare financial statements within 6 months after the end of its financial year. A very popular question among business owners with regards to financial statements is whether the statements should be independently audited, reviewed or compiled. In determining the engagement type, the Act prescribes the following criteria to be applied: