Is a handwritten will valid?
A valid will must always comply with the formalities defined in section 2 of the Wills Act 7 of 1953. The formalities include, amongst others: The will must be in writing, either handwritten or typed. The testator/testatrix and the witnesses must sign the will on each page. The witnesses of the will must both […]
Sars’ Process To Declare That You Have Ceased To Be A Tax Resident In South Africa
In terms of section 23 of the Tax Administration Act No. 28 of 2011 (“TAA”), taxpayers must inform SARS within 21 days of any changes in their registered details, which also includes their tax residency status. As South Africa operates under a residence-based tax system, failing to do so will allow SARS to tax individuals […]
When Must Reportable Arrangements Be Reported To SARS?
In terms of sections 34 to 39 of the Tax Administration Act No. 28 of 2011 (“TAA”), when certain transactions are entered into, the details of such transactions must be disclosed to SARS and are known as “reportable arrangements”. Reportable arrangements must be reported to SARS within 45 business days after the date on which […]
Wills And Divorce
The topic of divorce is a sensitive one and, given the emotional impact a divorce has on all parties involved, it is often seen as a topic to be avoided at all costs. However, avoiding the challenging topic at all costs may have a significant (monetary) cost should one of the parties to the divorce […]
ASL Staff News
ASL welcomes the following new staff members who joined the firm over the past couple of months in various departments. Willrene Nero, from Porterville, joined ASL in April 2022 as accountant in the Business Solutions Division. She completed her degree in BCom Financial Accounting through UNISA in 2021. Furthermore, in May 2022, Nadine Stander joined […]
ASL Personeelnuus
ASL verwelkom die volgende nuwe personeellede wat die afgelope paar maande in verskeie departemente by die firma aangesluit het. Willrene Nero, van Porterville, het in April 2022 by ASL as rekenmeester aangesluit in die besigheidsoplossingsafdeling. Sy het in 2021 haar graad in BCom Finansiële Rekeningkunde deur UNISA voltooi. Verder het Nadine Stander in Mei 2022 […]
Die belangrikheid van internetbankkontroles
Ons ondervind gereeld by ons kliënte, en veral by kleiner organisasies, dat bestuur van mening is dat dit nie koste-effektief of nodig is om omvattende kontroles in plek te hê nie. Dit is egter gewoonlik in daardie situasies waar bestuur ‘n groot mate van vertroue op die boekhouer of rekenmeester plaas, waar bedrog geneig is […]
The importance of internet banking controls
We often find that our clients, especially smaller firms, are of the opinion that establishing security controls is not cost-effective. Yet, it is often in these very situations, where management places all of their trust in a bookkeeper, that fraud flourishes. After all, it is human nature to trust those with whom we have established […]
Outsourcing the financial management function of your business
Do you need a Digital CFO on an outsourced basis? A Chief Financial Officer (CFO) is the strategic leader behind the financial management pillar of a company and is the highest-level finance position in a company, responsible for the financial planning, risk management, recordkeeping, reporting and data analysis. It is no secret that there has […]
Relational intelligence | Post-pandemic trends
Stemming from the paradigm shift associated with the global changes over the past two years, expectations around employment and client relationships have shifted. No longer are relationships built on time and availability, but rather the quality of engagements, which has become imperative to building longstanding, trustworthy relationships. Esther Perel, a psychotherapist specialising in relationships, indicates […]