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 only compiled. As a business owner, it is important to understand the requirements together with the differences in these services provided. To understand what category applies to your company, […]
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 gekompileer moet word. As ’n besigheidseienaar is dit belangrik om die vereistes te verstaan tesame met die verskille van hierdie dienste. Sien onderstaande besluitboom om te verstaan watter kategorie […]
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 an organisation. The statement was made that a culture of engagement can only be created if leaders have a greater understanding of the key factors that enhance engagement levels. […]
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 organisasie te ontwikkel. Die stelling is gemaak dat ’n kultuur van betrokkenheid slegs geskep kan word as leiers ’n groter begrip het van die sleutelfaktore wat betrokkenheidsvlakke versterk. Dit […]
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 has delivered its first positive earnings before interest, taxes, depreciation and amortisation (EBITDA) while delivering a 38% increase in operating revenue. Xero surpassed one million subscribers near the end […]
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 due to several reasons, technology presents a good place from which to start this journey, since the smart employment of technology can allow you to free up valuable time. […]
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 van Artikel 6B van die Inkomstebelastingwet. Die addisionele mediese uitgawes belastingkrediet kan deur die belastingpligtige geëis word vir kwalifiserende mediese uitgawes aangengaan vir homself asook sy afhanklikes. Volgens Artikel […]
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 seven days of the date the first employee was employed. Each employer is required to submit a Return of Earnings (“W.As 8 return” or “Workmen’s Compensation Return” as it […]
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 opportunities associated with having motivated employees. Strengths: Our mentor-mentee programme: Each first-year trainee is assigned a mentor – this mentor is usually a third-year or assistant manager. They know […]
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 Financial Reporting Standards as their financial reporting framework. The new standard does not currently affect entities utilising the International Financial Reporting Standards for Small and Medium-Sized Entities as financial […]