CIPC Notice 15 of 2021: Solvency and Liquidity Test
REQUIREMENT TO VOLUNTARILY DISCLOSE SOLVENCY AND LIQUIDITY TEST PERFORMED IN THE ANNUALFINANCIAL STATEMENTS The CIPC Notice 15 of 2021 highlights the need to determine solvency and disclose the test for each of the following instances: …
Budget Speech 2021/2022
Business Soul Accounting | by Sheldon Conway The budget speech 2021/2022 presented by Finance Minister Tito Mboweni, was a tense affair this year with not much jest. “These are not austerity measures” was a stern …
Proposal for Phased Economic Recovery
The following phased economic recovery plan for South Africa has been implemented: Proposal for Phased Economic Recovery. From the 01 May 2020 phase 4 will be implemented. The financial and professional services sector will open. …
South African Government Relief Measures for COVID-19
By Sheldon Conway of Business Soul Accounting CC – 24 March 2020 Please read the relevant announcement regarding the relief measures. The full statement is included here: President Cyril Ramaphosa: Escalation of measures to combat Coronavirus …
Budget Speech 2018
Gigaba hardly paused for a breath during the South African Budget Speech 2018, to prevent interruptions. With the odd sip of water and random comment of “cheers”. He highlighted the challenge of our time, equal …
Budget Speech 2017
Pravin Gordhan presented the Budget Speech 2017, under challenging economic conditions both globally and locally. Some significant changes were implemented this year affecting both individuals and companies. Can an economy continue to survive on a …
Blowing in the wind
Most storms in our region begin with a hot berg wind. Some people will bring out their costumes sit back next to the pool and enjoy the heat. Others will baton down the hatches, make …
Backupbank saved the day
Have you ever worried about what you would do if your harddrive backups did not work or even worse your server got stolen? Here is a success story of how backupbank helped a client to …
Trading stock inclusion in income when applied, distributed or disposed of otherwise than in the ordinary course of trade
Have you used trading stock for personal use or changed it to use as a business asset. Have a read of this SARS interpretation note: No 65, to find out more information on how to …
Employment Tax Incentive – South Africa
Once again the draft Employment Tax Incentive Bill has been tabled. The bill proposes tax relief to the employee. This is expected to pass on to the employer by reducing the effective cost to company, …
