The new Corporate Law Amendment Act (CLA) came into effect on 17 December 2007, which made a number of changes to your company's responsibilities in terms of audits and financial reporting. Important for the smaller private company (and bigger) you may now also be regarded as a widely held company!
Yesterday Minister of Finance, Trevor Manual, launched the new tax season and announced some important changes for both employers and employees as far as PAYE is concerned. These include a simplified reconciliation process, changes to which employees need complete tax returns, and new software.
The concept behind the CV is simple isn’t it? It’s not like the Theory of Relativity or long division or trying to explain the offside rule in football to your girlfriend. So if it’s so simple why do CVs come in an infinite number of shapes, sizes and forms? Part of the problem is that there is no single definition of what is the definitive CV.
When you buy a business...are you paying for the value of the business or are you paying the market price?
Buying a business based on the market price is likely to lead to paying too much.
Employers register with SARS and submit their EMP201. They do not however update their details with the Department of Labour. For employers with a stable workforce this is an irregular requirement which often gets overlooked.
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