Forward Thinking
Stay Informed. Raise the bar.®
Nov 30, 2021

Tax on the Receipt of Foreign Pensions

South African tax residents are taxed in South Africa on amounts received by or accrued to them from worldwide sources and includes pension benefits, irrespective of […]
Nov 16, 2021

Withholding taxes: practical considerations and best practices

Withholding taxes: practical considerations and best practices There are numerous considerations one must keep in mind when dealing with entities in foreign countries. One of these […]
Nov 5, 2021

Shareholder Relationships: Shareholder agreements, Memorandum of Incorporation and Memorandum of Understanding explained.

Shareholder Relationships: Shareholder agreements, Memorandum of Incorporation and Memorandum of Understanding explained. When starting a business, certain essential documents set the foundation and boundaries on how […]
Oct 25, 2021

The purpose, advantages and disadvantages of a usufruct

What is a usufruct? A usufruct is a limited real right given by the testator/testatrix to someone (“usufructuary”) other than the person (“heir”) to whom an […]
Oct 14, 2021

Ceasing to be a tax resident in South Africa

Consequences and obligations of individuals that cease to be a tax resident in South Africa South Africa (SA) uses a resident-based tax system, which means that […]
Sep 22, 2021

The Impact of Home Office Expenses on Capital Gains Tax

Capital gains tax: consequences on the disposal of a primary residence used partially for purposes of trade[1] In our previous article (link to Home Office Expenses) […]
Sep 20, 2021

ASL Staff News

Over the past year, our internal focus on organisational structure has been aimed at ensuring that each of the firm’s structures fully supports our clients’ needs. […]
Sep 20, 2021

ASL Personeelnuus

Oor die afgelope jaar het ons interne fokus op organisasiestruktuur ten doel gehad om te verseker dat die firma se strukture ons kliënte se behoeftes ten […]
Sep 20, 2021

Business valuations – When and why will you need one

Are you looking for investors to jump on board to propel your business in a new direction? Or are you part of a significant business restructuring […]
Sep 20, 2021

Ensuring liquidity in an estate and the importance thereof

A company needs sufficient liquidity to sustain its operations. A person needs sufficient liquidity to sustain a household. An estate needs sufficient liquidity to ensure the […]
Sep 20, 2021

Die kritieke vaardigheid van selfleierskap in ‘n moderne en vinnig veranderende werkswêreld

Die moderne werkplek is ‘n omgewing wat voortdurend verander en vereis dat werknemers en organisasies hul vaardighede konstant moet innoveer en aanpas om vorentoe te beweeg. […]
Sep 20, 2021

Establish sustainable internal behavioural change during the privacy first era

By Francois Kriel, Director at Kriel & Co Gartner estimated in 2020 that 65% of people across the world will have their personal data protected by […]
Sep 20, 2021

Blockchain and its impact on the future of assurance engagements

“The blockchain does one thing: It replaces third-party trust with mathematical proof that something happened.” Over the past few years, blockchain and the industry it represents […]
Sep 20, 2021

Deduction of home office expenses

If an employee works from home and has set aside a room to be occupied for the purpose of “trade”, e.g. employment, they may be allowed […]
Sep 20, 2021

Voorwoord

Die jaar is besig om verby te snel en ons is bykans in die laaste kwartaal van 2021. Ons wens elkeen sterkte en voorspoed toe met […]
Sep 20, 2021

Foreword

We are almost down to the last quarter of the year and 2022 is fast approaching. Good luck to everyone wrapping up their work duties before […]
Sep 17, 2021

The Utilisation of a Trust in Estate Planning

A trust is an effective and efficient vehicle to use in one’s estate planning and planning for a family’s (financial) future. National Treasury, in association with […]
Sep 5, 2021

Deduction of Home Office Expenses

Suppose an employee works from home and has set aside a room to be occupied for the “trade”, e.g. employment. In that case, they may be […]
Aug 27, 2021

When and Why you will need a Business Valuation

Are you looking for investors to jump on board to propel your business in a new direction or maybe want to sell it to take on […]
Aug 16, 2021

Ensuring Liquidity in an Estate

Ensuring Liquidity in an estate and the importance thereof A company needs sufficient liquidity to sustain its operations. A person needs sufficient liquidity to sustain a […]
Aug 3, 2021

Tax on the Receipt of a Foreign Pension

Tax on the Receipt of a Foreign Pension The South African Revenue Services (SARS) initially argued that a pension fund or annuity’s physical location determined how […]
Jul 8, 2021

Do you need a Digital Chief Financial Officer on an outsourced basis?

The Chief Financial Officer (CFO) is a strategic leader behind the financial management pillar of a company. Tasks usually  includes tracking cashflow and financial planning, as […]
Jun 29, 2021

Marriage and Tax

Marriage and Tax: Why choosing how you get married is as important as choosing your wedding ring. Once the “big” question has been asked and met […]
Jun 22, 2021

Deceased Estates and the various tax implications applicable on death

South African tax residents are certain of four things in life: taxes, loadshedding, death and more taxes. Taxes, like death, is unavoidable. It is of utmost […]
Jun 17, 2021

Foreword

“Winter, a lingering season, is a time to gather golden moments, embark upon a sentimental journey and enjoy every idle hour” – John Boswell With the […]
Jun 17, 2021

Voorwoord

“Winter, a lingering season, is a time to gather golden moments, embark upon a sentimental journey and enjoy every idle hour” – John Boswell Met die […]
Jun 17, 2021

Claiming VAT prior to registration

Are you newly registered for Value-Added Tax (“VAT”)? Did you acquire goods to set up shop before you were VAT registered and paid the VAT on […]
Jun 17, 2021

New enhancements to eFiling

The South African Revenue Service (SARS) recently updated their process on transferring tax types between different eFiling profiles (for example from yourself to a tax practitioner, […]
Jun 17, 2021

Nuwe veranderinge aan eFiling

Die Suid-Afrikaanse Inkomstediens(SAID) het onlangs hul proses rakende die oordrag van belastingtipes tussen verskillende eFiling-profiele opdateer (byvoorbeeld van uself na ‘n belastingpraktisyn, of tussen verskillende belastingpraktisyns). […]
Jun 17, 2021

The effects of languishing on employee motivation and engagement

You have asked your employees or co-workers several times how they are, and they respond with, “I’m fine. As good as I can be at this […]
Jun 17, 2021

Bestorwe boedels en hul verskeie belastingimplikasies

Suid-Afrikaanse belastinginwoners is verseker van vier dinge in die lewe: belasting, beurtkrag, die dood, en meer belasting. Belasting is onvermydelik. Dit is van uiterste belang dat […]
Jun 17, 2021

Deceased estates and the various tax implications applicable on death

South African tax residents are certain of four things in life: taxes, loadshedding, death and more taxes. Taxes, like death, is unavoidable. It is of utmost […]
Jun 17, 2021

Nuus van ASL personeel en ontwikkeling

ASL verwelkom graag ons nuwe personeel en wens die volgende persone geluk wat bestuurs- en konsultasie rolle aangeneem het by die ASL groep. Nadia Auret is […]
Jun 17, 2021

News from ASL People and development

ASL wishes to welcome new staff members and congratulate the following individuals who has commenced management and consultant roles at the ASL Group. Nadia Auret has […]
Jun 14, 2021

How to get your business funding ready

It is no secret that SME’s are the most significant contributor to economic growth and job creation in South Africa. According to the Minister in the Presidency, SME’s […]
May 28, 2021

Digital transformation in finance

As an entrepreneur, you are far too familiar with thinking ahead and identifying opportunities. Vision; this is what defines you as an entrepreneur. It is one […]
May 14, 2021

Sunset clause of VCC – what happens at the end?

  Section 12J was inserted into the Income Tax Act No. 58 of 1962 to provide a tax incentive to investors of qualifying venture capital companies […]
Apr 29, 2021

Who needs a Will and the importance thereof

To have a will? Or to not have a will? That is the question. No, not really, whether you are twenty-one or ninety-one, in your first […]
Apr 19, 2021

Is your Last Will testament to your last wishes?

Covid-19 has caused many people to confront death in a way that’s jolted them to action. The pandemic has focused most people’s attention on the possibility […]
Mar 25, 2021

Nuus van ASL personeel en ontwikkeling

Frances Burger, wat in Junie 2019 as Regskonsultant by ASL Advisory aangesluit het, is in Januarie 2021 tot Assosiaat bevorder. Sy het haar meestersgraad in Belasting […]
Mar 25, 2021

Is ‘n handgeskrewe testament geldig?

  ‘n Testament moet te alle tye voldoen aan die formaliteite van ‘n geldige testament soos omskryf in artikel 2 van die Wet op Testamente 7 […]
Mar 25, 2021

COVID-19 TERS: Waar is ons nou?

  Een van die vernaamste verligtings-maatstawwe wat gedurende 2020 beskikbaar gemaak is ten einde hulp te verleen aan werkgewers en werknemers wat deur die COVID-19 pandemie […]
Mar 25, 2021

2021 Begrotingsrede: Wat jy moet weet

Die Minister van Finansies, Tito Mboweni, het op 24 Februarie 2021 sy derde Nasionale Begrotingsrede gelewer. Dit was sy eerste jaarlikse begrotingsrede sedert die begin van […]
Mar 25, 2021

Voorwoord

“Stay committed to your decisions, but stay flexible in your approach” – Tony Robbins Dis vir ons ‘n besonderse voorreg om aan die begin van ‘n […]
Mar 24, 2021

News from ASL People and development

Frances Burger, who joined ASL Advisory in June 2019 as a Legal Consultant, was promoted to Associate in January 2021. She completed her master’s degree in […]
Mar 24, 2021

How time will affect your long-term future

  As we move into the next phase of recovery, business decision-makers should now apply even deeper and more dedicated focus to return to pre-COVID financial […]
Mar 24, 2021

Withdrawing retirement funds upon emigration

  Background Financial emigration is the process by which South African residents formalise their non-resident status for exchange control purposes. During the 2020 Budget Speech, it […]
Mar 24, 2021

2021 Budget Speech: What you need to know

Finance Minister Tito Mboweni delivered his third National Budget Speech on 24 February 2021. It was his first annual budget address since the start of the […]
Mar 24, 2021

Xero: VAT201 Report and direct link to eFiling

  Filing VAT returns have never been this easy! Xero recently launched the VAT201 Report as a better alternative for the long existing VAT Audit Report. […]
Mar 24, 2021

Foreword

“Stay committed to your decisions, but stay flexible in your approach” – Tony Robbins It is an exceptional privilege for us to publish our first newsletter […]
Feb 15, 2021

Tax considerations to move your business forward in 2021

As with all things small – such as a puppy, a baby or even your new business – at some point what once start off as […]
Feb 1, 2021

Considerations when starting a new business

Last year proved that business owners that incorporate contingency financial planning to circumnavigate any event have the best chance of thriving in a business climate laden […]
Jan 18, 2021

Displaying true grit in 2021: The checklist every small business owner should embrace this year

Angela Duckworth, psychologist and researcher, coined the term ‘grit’; it is to have passion and perseverance for long-term and meaningful goals. Aristotle believed tenacity was one […]
Jan 11, 2021

SMMEs, get behind these five trends to thrive in 2021

The year 2020 has been a year full of change for businesses. Teams are working from home more than ever before. Teachers have learned how to […]
Dec 14, 2020

Transparent and Ethical Leadership

2020 – The year in which transparent, ethical and compassionate leadership was unmuted  This year saw leadership, management and teams align like never before. It was […]
Nov 30, 2020

Leadership vs Management

The egg and chicken situation of leadership vs management Well we all know when starting out as an entrepreneur or business owner, that you are the […]
Nov 16, 2020

COVID-19 Update

To all our clients, colleagues and friends in business, Kindly note that our offices will be temporarily closed from the 9 April 2021 to 11 April […]
Nov 16, 2020

Start using your credit to help your short-term cash flow

What can you as ‘n business owner do when your business is under duress and in need of short-term liquidity?  It happens too often that businesses […]
Nov 2, 2020

Successful SMEs get paid on time

Successful SMEs get paid on time. Here’s how… We regularly hear that SMEs are the lifeline of the economy.  Retail Capital’s Chief Executive Karl Westvig couldn’t […]
Oct 19, 2020

Accessing finance options better with cloud accounting practices

Behind the silver lining of any small business, there’s a cloud Small businesses are facing unprecedented times where access to capital or funding can be more […]
Oct 5, 2020

Free up to focus strategies lets you bank on a long-term future

As we move into the next phase of recovery, business decision-makers should now apply even deeper and more dedicated focus to return to pre-COVID financial health. […]
Sep 14, 2020

Put the spring back in your budget

In just two seasons from autumn to spring, everything has changed! From where and how customers work, to how they spend their money and entertain themselves. […]
Sep 11, 2020

Spesiale aanbod: Is jou familie gewaarborg tot sekerheid?

In die warboel van die COVID-19 pandemie is die wêreld steeds in onsekerheid gehul. Dit blyk ook dat die pandemie nie binnekort tot ‘n einde gaan […]
Sep 10, 2020

Resilience during COVID-19 pandemic

As we further navigate and process the changes brought about by the uncertainty of the COVID-19 pandemic, managers and directors of businesses remain under pressure.  Not […]
Sep 10, 2020

Join the digital disruption game

Were you one of the few that have beaten digital disruption at its own game and reacted ahead of the pack? Or were you forced to […]
Sep 10, 2020

When you apply your budget right, from the start, it is the one thing you can control

Two things business owners learnt fast during 2020:  one, they cannot always be in control, two, they are certainly much more at the mercy of unexpected […]
Sep 10, 2020

Logbooks for individuals and diesel rebates in farming

Kliek hier vir AFRIKAANS Requirements for a valid logbook Individuals The 2020 tax season officially started on 1 September 2020 and individual taxpayers are required to […]
Sep 10, 2020

Logboeke vir individue en dieselrabatte vir boerderye

Click here for ENGLISH Vereistes vir ‘n geldige Logboek Individue Die 2020 belastingseisoen het amptelik op 1 September 2020 oopgemaak en daar word van individuele belastingbetalers […]
Sep 10, 2020

Maintenance of surviving spouse

The idea of freedom of testation is a core value of South African law and enjoys wide protection. The Maintenance of Surviving Spouse Act, 27 of […]
Sep 10, 2020

Impact of COVID-19 on assurance engagements

As a result of the COVID-19 pandemic and the national state of disaster that was declared in South Africa on 15 March 2020, a nationwide stay-at-home […]
Sep 10, 2020

National Treasury releases draft tax amendments

The 2020 Draft Taxation Laws Amendment Bill (TLAB) and 2020 Draft Tax Administration Laws Amendment Bill (TALAB) were published by the National Treasury and the South […]
Sep 10, 2020

Nasionale Tesourie publiseer konsep belasting wysigings

Die konsep Wysigingswet op Belastingwette van 2020 (TLAB) en die konsep Wysigingswet op Belastingadministrasie van 2020 (TALAB), was deur Nasionale Tesourie en die Suid-Afrikaanse Inkomstediens (SAID) […]
Sep 1, 2020

When you apply your budget right

When you apply your budget right, from the start, it is the one thing you can control Two things business owners learnt fast during 2020: one, […]
Aug 17, 2020

Trends in Fintech that may shore up your business capabilities and profitability

Trends in Fintech that may shore up your business capabilities and profitability The rise of the digital era has significantly changed the way businesses operate, forcing […]
Aug 3, 2020

Join the digital disruption game

ASL Advisory blog post – publication date 3 August 2020: Join the digital disruption game Were you one of the few that have beaten digital disruption […]
Jul 30, 2020

We are celebrating our 22nd Birthday

On the 1st of August, ASL will be celebrating its 22nd birthday. As we stand in the midst of unprecedented times of uncertainty and challenges in a world we […]
Jul 30, 2020

Ons vier ons 22ste bestaansjaar

Op 1 Augustus vier ASL sy 22ste bestaansjaar. Te midde van ongekende onsekerheid en uitdagings in ‘n wêreld wat nie meer is soos wat ons dit […]
Jul 20, 2020

What is your business telling you?

What is your business telling you? Amidst the clutter of information overload, breaking news headlines and scientific facts, we often find that stories can cut through […]
Jun 18, 2020

Special offer: Cash flow health check

In this quarter’s newsletter we share a wealth of information on how to deal with COVID-19, as we recognise that the pandemic has severe implications for […]
Jun 18, 2020

2020 Tax filing season due to COVID-19

On 5 May 2020, SARS Commissioner Edward Kieswetter announced key changes to the upcoming tax filing season for personal taxes, which will comprise three phases. Phase […]
Jun 18, 2020

2020 belastingindiening-seisoen weens COVID-19

Op 5 Mei 2020 het die Kommissaris van die Suid-Afrikaanse Inkomstediens (“SAID”), Edward Kieswetter, die sleutelveranderinge aan die komende seisoen vir die indiening van persoonlike belasting […]
Jun 18, 2020

COVID-19 Tax relief measures

In light of the current COVID-19 pandemic, President Cyril Ramaphosa announced certain relief measures in an attempt to provide for the wellbeing of the people of […]
Jun 18, 2020

COVID-19 Belasting verligtingmaatreёls

In die lig van die huidige COVID-19 pandemie het President Cyril Ramaphosa sekere verligtingmaatreëls aangekondig in ‘n poging om voorsiening te maak vir die welstand van […]
Jun 18, 2020

What you need to know about the anti-dividend stripping rules

There are various ways for a shareholder to exit a company and one of the most important factors is usually the tax payable upon exit. It […]
Jun 18, 2020

Wat jy moet weet oor anti-dividendstropingreëls

Daar is verskeie maniere om ‘n transaksie te struktureer wanneer jy ‘n maatskappy verlaat. Een van die belangrikste faktore is gewoonlik die belasting wat betaalbaar word […]
Jun 18, 2020

CIPC Compliance checklist – What’s new

The Companies and Intellectual Property Commission (“CIPC”) has enhanced the Compliance Checklist, which can be accessed by logging on to the CIPC E-Services platform. From the […]
Jun 18, 2020

The urgency of setting financial business priorities

The difficult economic environment, as a result of the COVID-19 outbreak, is exceptional by any standard, and it comes with extreme scope and levels of uncertainty. […]
Jun 18, 2020

Die Boedeladministrasieproses

Die administrasieproses van ‘n boedel met ‘n bruto waarde van R250 000 of meer, word uiteengesit in die Administration of Estates Act, 66 of 1965, waarvolgens […]
Jun 18, 2020

Resilience during COVID-19 pandemic

The past few months have been characterised by unprecedented levels of uncertainty and anxiety. We have all experienced a sense of collective grief, where we had […]
Jun 15, 2020

Think like the youth, embark on success

Think like the youth, embark on success It is inevitable that every business will go through tough times somewhere during its lifespan. The recent effect of […]
May 11, 2020

The urgency of setting financial business priorities

The urgency of setting financial business priorities The difficult economic environment as a result of the COVID-19 outbreak is exceptional by any standard, and it comes […]
May 4, 2020

Managing business cash flow in tough times

Ever heard of ‘a Black Swan’ event? By now it is clear that the COVID-19 health pandemic falls into this description as it is typically an […]
Apr 20, 2020

Approach your Smart Digital Strategy

Approach your Smart Digital Strategy We are living in a time where digital transformation couldn’t be more important for companies to adopt in order to stay […]
Apr 7, 2020

What’s in our app stack?

What’s in our app stack? Being able to work remotely has been a developing topic over the last few years, no doubt. But since the large-scale […]
Mar 31, 2020

Die verpligte voltooing van die CIPC se Vraelys

Click here to ENGLISH Die Companies and Intellectual Property Commission (“CIPC”) het ‘n kennisgewing (Kennisgewing 52 van 2019) in Augustus 2019 uitgestuur waarin hulle die CIPC […]
Mar 20, 2020

The compulsary completion of the CIPC Compliance Checklist

Kliek hier vir AFRIKAANS The Companies and Intellectual Property Commission (“CIPC”) issued a notice (Notice 52 of 2019) in August 2019 in which they introduced the […]
Mar 17, 2020

Personeelnuus

ASL verwelkom graag negentien nuwe personeellede wat in Februarie by ons aangesluit het, onder wie een assistent-bestuurder en sewentien leerlingrekenmeesters in die onderskeie Oudit- en Rekeningkundige […]
Mar 17, 2020

Boedellikiditeit – Wat is dit en waarom is dit belangrik?

Boedellikiditeit word gebruik as ‘n term wat aandui dat ‘n oorledene se boedel oor voldoende kontant beskik om al die verpligtinge in die boedel te kan […]
Mar 17, 2020

ASL is raising the bar on protecting client data and compliance with POPIA

Cybersecurity, privacy and the safeguarding of personal information are now more relevant to clients than ever before with the remaining provisions of the Protection of Personal […]
Mar 17, 2020

Die 2020 begrotingsrede in ’n neutedop

Click here for ENGLISH Tito Mboweni, Minister van Finansies, het op 26 Februarie 2020 sy tweede toespraak op die nasionale begroting gelewer. Belastingbetalers kan ’n bietjie […]
Mar 17, 2020

The 2020 Budget Speech in a nutshell

Kliek hier vir AFRIKAANS Finance Minister Tito Mboweni delivered his second National Budget Speech on 26 February 2020. Taxpayers can breathe a little easier as he […]
Mar 17, 2020

Xero’s getting even better – with Hubdoc

From 18 March 2020, users of the popular Xero accounting platform will be able to automate even more administrative tasks and say goodbye to manual data […]
Mar 6, 2020

Prosper beyond 2020

  Small to medium enterprises (SMEs) are currently caught in a sticky spot. Load-shedding is a national reality. The indicator dial on youth unemployment is steadily […]
Oct 29, 2019

Professionele- / Loopbaan-identiteit

Professionele identiteit kan gedefinieer word as ‘n persoon se professionele selfkonsep – ‘n stel van persoonlike eienskappe, oortuigings, waardes, motiewe en ervarings wat voortspruit uit werksaktiwiteite. […]
Oct 29, 2019

Data Analytics – a change of perspective

“What gets measured, gets managed”. This quote provides the essence of why data analytics is important. With the use of today’s technology, there is a wide […]
Oct 29, 2019

Ondersteunende dokumentasie

In die Belastingafdeling streef ons daarna om alle aansoeke en registrasies so vinnig en pynloos moontlik af te handel en in die proses die kliënt se […]
Oct 29, 2019

Turning strategic thinking into strategic action

When talking strategy, it is important to remember that it is no more than determining how the vision of the business will be achieved. Of paramount […]
Sep 27, 2019

What’s right in your business?

“There are two primary choices in life: to accept conditions as they exist, or accept the responsibility for changing them.” – Denis Waitley  What are those conditions in your […]
Sep 27, 2019

Wat is reg in jou besigheid?

“There are two primary choices in life: to accept conditions as they exist, or accept the responsibility for changing them.” – Denis Waitley Wat is daardie posisie vandag in jou besigheid? Is […]
Sep 26, 2019

FU2F – IFRS 16

The new standard on lease accounting (IFRS 16) was issued in January 2016 with major changes, of which the most significant are the following: The new […]
Sep 26, 2019

Vruggebruik – ’n Goeie idee of verbode vrugte?

Wat is vruggebruik? Vruggebruik is die reg wat aan ’n persoon gegee word om die eiendom van ’n ander te gebruik en te geniet en gevolglik […]
Sep 11, 2019

All you need to know about shareholders’ agreements

A shareholders’ agreement sets out how a private company should be operated and regulates the various shareholders’ rights and obligations. It is therefore important that a […]
Aug 29, 2019

What is a management buyout?

A management buyout (“MBO”) is a form of acquisition where a company’s existing management team acquire a large part, or all of the company, from either […]
Aug 29, 2019

ASL verjaarsdag

Op Donderdag, 01 Augustus, het ons ASL se 21ste bestaansjaar gevier met ‘n gesellige funksie by De Warenmarkt in Stellenbosch. Volgens ware ASL tradisie het almal […]
Aug 29, 2019

Finansiële emigrasie

Hierdie artikel volg op ons vorige artikel rakende belasting op buitelandse indiensnemingsinkomste (meer algemeen bekend as “expat tax”). Daar is ‘n algemene wanpersepsie dat, ten einde […]
Aug 29, 2019

Pligte van ‘n Eksekuteur

Die testateur nomineer normaalweg ‘n eksekuteur in sy testament. Alhoewel die testateur enige persoon as eksekuteur kan nomineer in sy testament, is dit die Meester van […]
Aug 29, 2019

SARS scams and fake e-mails

With the filing season officially open and many taxpayers expecting possible refunds, it is unfortunately also a great opportunity for criminals to obtain personal details of […]
Aug 20, 2019

When does the National Credit Act apply?

The objective of the National Credit Act No. 34 of 2005 (“the Act”) is, amongst other, to: promote the social and economic well-being of South African […]
Aug 13, 2019

Wanneer is die Nasionale Kredietwet van toepassing?

Die doelwit van die Nasionale Kredietwet Nr. 34 van 2005 (“die Wet”) is om: die sosiale en ekonomiese welsyn van Suid-Afrikaners te bevorder; om ‘n billike, […]
Aug 13, 2019

How do you exit your business

Preparing yourself and your business for your inevitable exit from that business, whether by choice or fate, is one of the most neglected aspects we see […]
Aug 6, 2019

Real-time data and the effect on decision making

Decision making is a core component in our daily processes and is a very important function of management. Management who are part of planning, organising and […]
Aug 6, 2019

Corporate Governance – Dividends

A dividend is the distribution of a reward from a portion of the company’s earnings and is paid to a class of its shareholders. Dividends are […]
Aug 6, 2019

Testamente en Egskeiding

Die Wet op Testamente, 7 van 1953, (verder na verwys as die Wet), bepaal die formele vereiste vir die uitvoering van ‘n geldige testament. Dit bevat […]
Aug 6, 2019

Employee News

Jacques Potgieter becomes Associate It is with great excitement that we hereby announce that Jacques Potgieter was promoted to an Associate within the ASL Group with […]
Aug 6, 2019

Personeelnuus

Jacques Potgieter word Assosiaat Dit is met groot opgewondenheid dat ons hiermee bekend maak dat Jacques Potgieter met ingang vanaf Julie 2019 bevorder is tot Assosiaat […]
Jun 3, 2019

Belasting op buitelandse indiensnemingsinkomste (“Expat tax”)

Artikel 10(1)(o)(ii) bied verligting aan belastingbetalers om nie op buitelandse indiensnemingsinkomste (“employment income”) belas te word nie aangesien die buitelandse maatskappy reeds LBS / belasting op […]
Jun 3, 2019

Tax on foreign employment income (“Expat tax”)

Section 10(1)(o)(ii) provides relief to taxpayers by not taxing foreign employment income, as the foreign company is already deducting PAYE / tax on that income. However, […]
Jun 3, 2019

Wie moet vir u kinders sorg na u dood?

Die Kinderwet, 38 van 2005 (hierna verwys as die Kinderwet) beheer die wetgewing met betrekking tot die versorging, kontak en beskerming van kinders. Die rigsnoer, in […]
Jun 3, 2019

Corporate Governance: Removal of Director vs Voluntary Resignation of Director

In terms of the Companies Act No 71 of 2008 (“the Act”), a director may be removed either by the shareholders or by the board of […]
May 31, 2019

Korporatiewe Beheer – Voorgestelde wysigings aan die maatskappywet

Die Wysigingswetsontwerp op Suid-Afrikaanse Maatskappye (“die Wetsontwerp”) is op 21 September 2018 vir publieke kommentaar gepubliseer. Wesenlike wysigings aan die bestaande Maatskappywet No 71 van 2008 […]
May 31, 2019

Can a handshake be trusted?

A verbal or gentlemen’s agreement is simple and convenient, especially when a transaction is deemed to be straightforward and uncomplicated. Although it is general practice to […]
May 31, 2019

The positive characteristics of millennials

Generation cohorts are composed of groups of individuals who were born and raised in the same period and thus share some unique characteristics and experiences from […]
May 31, 2019

Artikel 7(C) vir Jan Alleman

Die Nasionale Tesourie en die Suid-Afrikaanse Inkomstediens (SAID) het belastingwetgewing in werking gestel wat van toepassing is op lenings toegestaan aan trusts en/of maatskappye waar daar […]
May 31, 2019

How to succeed as an entrepreneur

“A person who sets up a business, taking on financial and other risks in the hope of profit”, is called an entrepreneur. Synonyms include hustler, wheeler-dealer, […]
May 31, 2019

Personeelnuus

Nuwe werknemers Op 14 Januarie 2019 het ons vir Dirk du Toit in die Rekeningkunde Departement as bestuurder verwelkom. Dirk kom oorspronklik van die Ouplaas-distrik tussen […]
May 31, 2019

Benefits of “the cloud” you probably have not yet considered

Technology has influenced a whole new vocabulary over the last few years, especially with relevance to the financial sector. How many people would have been able […]
May 31, 2019

Korporatiewe beheer-‘n refleksie

Die begin van 2019 het aangebreek en ons het dit goedgedink om ‘n kort opsomming aan u te verskaf van belangrike aspekte aangaande korporatiewe beheer wat […]
May 31, 2019

Deadlines for individuals and administrative fines

The tax season opened on 1 July 2018 and the deadlines for the current tax season were as follows: Type of taxpayer Channel Deadline All taxpayers […]
Jun 6, 2018

Voorlopige belasting: Onderskattingsboetes

In die verlede was dit algemene praktyk om die ‘basiese bedrag’ vir die indiening en betaling van die IRP6’e te gebruik. Die ‘basiese bedrag’ is die […]
Jun 6, 2018

SAID: Terugvoer omdraaitye

Een van die mees algemene navrae waarmee ons op ’n daaglikse basis te doen kry, is hoe lank dit die Suid-Afrikaanse Inkomstediens (SAID) sal neem om […]
Jun 6, 2018

Omheining van verliese (artikel 20A) vir natuurlike persone

Artikel 20A het met ingang van 1 Maart 2004 in werking getree. Hierdie artikel handel oor die omheiningsbepalings wat verhoed dat natuurlike persone hul belasbare inkomste […]
Jun 6, 2018

Salarisafdeling

Met die EMP501-rekonsiliasies vir die jaar geëindig Februarie 2018 wat teen 31 Mei 2018 ingedien moet wees by die Suid-Afrikaanse Inkomstediens (die SAID) sowel as die […]
Jun 6, 2018

Customer service – the second strategic objective of our audit department

In a previous article, we looked at the strengths and opportunities associated with employee motivation. This article will place a focus on the strengths and opportunities […]
Jun 6, 2018

Korporatiewe Beheer – Naamsveranderinge

Dit staan ʼn maatskappy of beslote korporasie vry om sy naam te verander indien verkies.  Vir maatskappye sal die naamsverandering ʼn spesiale besluit tot gevolg hê […]
Jun 6, 2018

Korporatiewe Beheer – Dividendverklarings

Dividendverklarings kan verskeie vorme aanneem, maar vir doeleindes van hierdie artikel bespreek ons die verklaring van ʼn gewone dividend. Ingevolge Artikel 46 van die Maatskappywet van […]
Jun 6, 2018

What is an MOI and what is meant by short form and long form MOI’s?

A Memorandum of Incorporation (“MOI”) can be described as the sole governing document of a company and is binding between the shareholders, directors and the company […]
Jun 4, 2018

What should you consider when investing in a business?

You have worked hard for many years, and have finally saved enough funds and mustered the courage to take the big leap that you have been […]
Jun 4, 2018

Wat moet jy oorweeg wanneer jy in ’n besigheid belê?

Jy werk al jare lank hard en het uiteindelik genoeg fondse en moed bymekaar geskraap om die groot sprong, waaroor jy só lank droom, te neem… […]
Jun 4, 2018

Audit, review and compilations – differences and Companies Act requirements

The Companies Act No. 71 of 2008 together with amendments and companies’ regulations, stipulates requirements whether a company’s financial statements should be audited, independently reviewed or […]
Jun 4, 2018

Oudit, onafhanklike oorsig en kompilasies – verskille en vereistes van die Maatskappywet

Die Maatskappywet No. 71 van 2008, tesame met wysigings en maatskappyregulasies, stipuleer vereistes wat bepaal of ’n maatskappy se finansiële state geoudit, onafhanklik nagesien of slegs […]
Jun 4, 2018

Once your employees are rowing in the right direction, make sure they have lifejackets…

In our April issue, in the article titled “Are your employees rowing in the right direction?”, we discussed the importance of shaping an engagement culture in […]
Jun 4, 2018

Maak seker dat jou werknemers reddingsbaadjies het sodra hulle in die regte rigting begin roei…

In ons April-uitgawe in die artikel getiteld  “Roei u werknemers in die regte rigting?” het ons bespreek hoe belangrik dit is om ’n betrokkenheidskultuur in ’n […]
Jun 4, 2018

The founder-led company growing as a worldwide scale business

Xero recently released the annual report covering the financial and operating performance for the year ended March 2018. After 12 years of investing in growth, Xero […]
Apr 25, 2018

Tips for automation – Implementing effort-free accounting

It is often difficult for business owners to cross the divide of working on your business, rather than working in your business. Although this is usually […]
Apr 25, 2018

Addisionele mediese korting vir ’n individu: Wanneer kan ek mediese uitgawes uit die sak betaal as ’n eis indien?

Addisioneel tot die Artikel 6A mediese belastingkrediet is daar ook krediet beskikbaar vir individue (belastingpligtiges) wat mediese uitgawes self uit die sak uit betaal in terme […]
Apr 25, 2018

Workmen’s Compensation Return | Submission by 31 May 2018

Background It is compulsory for any person / legal entity that employs staff (“the employer”) to register as an employer with the Department of Labour within […]
Apr 25, 2018

Employee Motivation

In our previous article about employee motivation, we looked at the reasons why we need motivated employees.  In this article, we’ll look at the strengths and […]
Apr 25, 2018

IFRS 15 – Revenue from Contracts with Customers

IFRS 15 recently became effective for financial periods beginning on or after 1 January 2018. IFRS 15 is only applicable to entities that have implemented International […]
Apr 25, 2018

Solvensie- en likiditeitstoetse

In Artikel 22(1)(b) van die Maatskappywet No. 71 van 2008 (“die Wet”) word maatskappye verbied om handel te dryf in omstandighede waartydens ’n maatskappy insolvent is. […]
Apr 25, 2018

Belastingskuld en afbetalingsooreenkomste

Om by iemand in die rooi te wees is vir meeste ’n onaangename ervaring, veral as die skuldeiser die Suid-Afrikaanse Inkomstediens (die SAID) is. Omstandighede lei […]
Apr 25, 2018

Benefits of “the cloud” you probably have not yet considered

Technology has influenced a whole new vocabulary over the last few years, especially with relevance to the financial sector. How many people would have been able […]
Apr 25, 2018

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 […]
Apr 25, 2018

Is dit moontlik om ‘n ooreenkoms terugwerkend van krag te maak?

’n Gewilde vraag wat opduik tydens konsultasie met ’n kliënt wanneer die opstel van handelsdokumente bespreek word, is “wat is die effektiewe datum van die transaksie?” […]
Apr 25, 2018

Under what circumstances can a private company and/or close corporation be deregistered?

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 […]
Apr 25, 2018

Onder watter omstandighede kan ’n privaatmaatskappy en/of beslote korporasie gederegistreer word?

Gedurende die registrasie van ’n maatskappy en/of ’n beslote korporasie verkry daardie entiteit regspersoonlikheid, welke regspersoonlikheid tot ’n einde kom wanneer die direkteure en/of lede die […]
Apr 25, 2018

At ASL, we believe in celebrating our successes…

Over the last six months, our trainee accountants achieved success in various examinations. With great pride, we celebrated these achievements on 11 April by raising a […]
Apr 25, 2018

By ASL glo ons om ons suksesse te vier…

Oor die afgelope ses maande het ons leerlingklerke in verskeie eksamens sukses behaal. Met groot trots het ons op 11 April hierdie prestasies gevier deur ’n […]
Apr 6, 2018

Audit efficiency – the constant strive to improve service excellence

As an Audit Department and SAICA training office, the balancing act between developing trainees to the competencies required, adhering to all regulatory requirements, remaining current and […]
Apr 6, 2018

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 […]
Apr 6, 2018

Pligte en verantwoordelikhede van direkteure ten opsigte van korporatiewe beheer van ’n maatskappy

In terme van die Maatskappywet 71 van 2008 (“die nuwe Wet”) bepaal artikel 7(b)(iii) dat een van die oogmerke van die nuwe Wet is om deursigtigheid […]
Apr 6, 2018

Jaarlikse CIPC-opgawes en die gepaardgaande vorms

In terme van Artikel 33 van die Maatskappywet No. 71 van 2008 (“die Wet”) word daar van alle maatskappye en beslote korporasies vereis om jaarlikse opgawes […]
Apr 6, 2018

Belastingafdeling: Ons missie

Gegewe die Suid-Afrikaanse Inkomstediens (die SAID) se onvoorspelbaarheid en voortdurend veranderende stelsels, vereistes en prosedures is dit deel van ons missie om deurgaans op hoogte te […]
Apr 6, 2018

Why it is important to know the value of your business

A properly considered business valuation can be the first step in many essential business processes and activities. Although there are many examples, these might include procurement […]
Apr 6, 2018

What is the effect of recent amendments to legislation regarding share buy-back agreements?

It is customary that transactions would be concluded where a company would buy-back its own securities from an exiting shareholder. The aforesaid especially held substantial benefits […]
Apr 6, 2018

Are your employees rowing in the right direction?

Imagine an organisation where employees don’t simply work for the paycheck at the end of the month, but instead are willing to invest effort in their […]
Apr 6, 2018

Roei u werknemers in die regte rigting?

Stel jou voor ’n organisasie waar werknemers nie net werk vir die salaris wat hulle aan die einde van die maand kry nie, maar eerder bereid […]
Apr 6, 2018

Employees’ tax reconciliation 2018

April to May each year is the time that employers are given to perform their employees’ tax reconciliation. During this Employer Reconciliation process, employers are required […]
Apr 6, 2018

Werknemersbelastingrekonsiliasie 2018

April tot Mei is jaarliks die tydperk wat werkgewers gegun word om hulle werknemers se belastingrekonsiliasie uit te voer. Tydens hierdie werknemersrekonsiliasieproses word daar van werkgewers […]
Apr 6, 2018

Enabling a paperless environment through Receipt Bank

Cloud accounting services and platforms have gained great traction across the world in recent years, with a growing number of businesses realising the tremendous benefits which […]
Apr 6, 2018

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. […]
Apr 6, 2018

Geldige BTW-faktuurvereistes vir BTW-ondernemers

Wanneer u iets vir u besigheid aankoop moet u verseker dat u ’n geldige belastingfaktuur ontvang. Dit stel u in staat om insetbelasting van die SAID […]
Mar 20, 2018

Toename in BTW. Neem kennis van dié idee.

In die begrotingsrede op 21 Februarie 2018, het die Minister van Finansies aangekondig dat die BTW koers vanaf 1 April 2018 van 14% na 15% gaan […]
Mar 20, 2018

Theres an increase in VAT. Remember that.

In the budget speech on 21 February 2018, the Minister of Finance announced that the VAT rate will change from 14% to 15% from 1 April […]
Mar 9, 2018

See our six steps of action to assist you to effectively move your business into the cloud

Schedule a free one-hour meeting This will be arranged with a Cloud Implementation Specialist, a Cloud Strategist, or a Cloud Manager, who will also assist in […]
Mar 9, 2018

Wanneer om my persoonlike bates en laste te verklaar

Alle Suid-Afrikaners is bewus daarvan hoe belangrik dit is om volledige en akkurate inkomstebelastingopgawes by die Suid-Afrikaanse Inkomstediens in te dien elke jaar, sowel as die […]
Mar 9, 2018

Audit department strategy – Employee motivation

As a SAICA training office, our department largely consists of trainees completing a 3-year training contract. Throughout the contract, we are responsible for providing them with […]
Mar 9, 2018

Directors trading in insolvent circumstances

Directors trading in insolvent circumstances Personal liability of directors is becoming an important issue in South Africa. The topic has been placed under the spotlight recently […]
Mar 9, 2018

Wat is die doel van die jaarlikse CIPC-opgawe?

In terme van Artikel 33 van die Maatskappywet No. 71 van 2008 (“die Wet”) word daar van alle maatskappye en beslote korporasies vereis om jaarlikse opgawes […]
Mar 9, 2018

Korporatiewe Beheer

Korporatiewe beheer is in wese die reëls en praktyke waarbinne ’n maatskappy bestuur en beheer word. Die direkteure van ’n maatskappy speel ’n kritieke rol in […]
Mar 9, 2018

The benefits of outsourcing your accounting function

Small businesses are driven by entrepreneurs, for whom the thought of technical accounting and compliance processes can often be a burdensome one. This may be due […]
Mar 8, 2018

Audit = yearly headache and unnecessary expense? Welcome to the ASL approach

For most accountants and business owners, the thought of the yearly audit or independent review is associated with stress and apprehension. In most cases, audits and […]
Mar 7, 2018

ASL neem deel aan die CANSA Relay For Life Helderberg

ASL het vir die sesde agtereenvolgende jaar deelgeneem aan die CANSA Relay For Life te Hoërskool Hottentots-Holland, Somerset-Wes, wat plaasgevind het op Saterdag 24 Februarie 2018. […]
Mar 7, 2018

ASL participates in the CANSA Relay For Life Helderberg

On Saturday 24 February 2018, ASL participated in the CANSA Relay For Life for the sixth consecutive year at Hottentots-Holland High School, Somerset West. The event […]
Mar 7, 2018

Het ’n elektroniese handtekening op ’n dokument dieselfde regsgeldigheid as ’n handgeskrewe handtekening?

Die wêreld beweeg voortdurend na meer digitalisering en organisasies implementeer toenemend elektroniese en outomatiese oplossings om papiergebaseerde prosesse te verminder. Een van die vele oplossings is […]
Mar 7, 2018

Does an electronic signature on a document have the same legal validity as a handwritten signature?

The world is constantly moving towards greater levels of digitisation, and organisations are increasingly implementing electronic and automated solutions to reduce paper-based processes. One of these […]
Mar 7, 2018

Budget Speech summary

On Wednesday, 21 February 2018, all eyes were on the Minister of Finance in Parliament, where he delivered his budget speech.  It became apparent over the […]
Mar 7, 2018

Begrotingsrede opsomming

Op Woensdag 21 Februarie 2018 was alle oë op die Minister van Finansies in die Parlement, waar hy sy begrotingsrede gelewer het. Dit het die laaste […]
Feb 5, 2018

New Employees | ASL 2018

ASL looks forward to welcoming twelve new trainees in 2018. Trainees begin their journey at ASL with a two-week induction program, which ensures that an optimal […]
Feb 2, 2018

Nuwe werknemers | ASL 2018

ASL sien daarna uit om twaalf nuwe leerlingrekenmeesters in 2018 te verwelkom. Leerling klerke begin hul reis by ASL met ’n twee week lange oriënteringsprogram wat […]
Feb 2, 2018

Is it still possible for a business to use a trading name other than its registered name?

It is not uncommon for a company to use a trading name which is not the same as the registered name of the company, as recorded […]
Feb 2, 2018

Is dit steeds moontlik vir ’n besigheid om ’n handelsnaam anders as sy geregistreerde naam te gebruik?

Dit is nie ongewoon dat ’n maatskappy ’n handelsnaam gebruik wat nie dieselfde is as sy geregistreerde naam soos dit by die Kommissie vir Maatskappye en […]
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