Debt management policies are written guidelines, allowances, and restrictions that guide the debt issuance practices in the business including the issuance process, management of a debt portfolio, and adherence to various laws and regulations
Author: Jono
Office Administration & Processes: Calculation of Fees
Fees in respect of professional services are based on time spent at competitive hourly rates which vary depending on the nature and complexity of the services required and range from R320 per hour for compliance services to R520 per hour for consultations, business services and value added services. Within certain circumstances, and at the sole…
Human Resources Policies
Human resource policies are the formal rules and guidelines that businesses put in place to hire, train, assess, and reward the members of their workforce. These policies, when organised and disseminated in an easily used form, can serve to preempt many misunderstandings between employees and employers about their rights and obligations in the business place.
Continued Professional Development: SAIPA CPD Requirements
SAIPA encourages and supports a culture of ongoing learning, personal and professional development and empowerment by providing opportunities for the continuous development of their members. One of these opportunities is the SAIPA CPD Events, held nationally throughout the year. Engaging in CPD activities ensures that both academic and practical qualifications do not become out-dated or…
Saving Tax when Selling Your Business and or Property
We have recently assisted a client when selling their property and a similar scenario when they sold their business / property. So, how do you ensure you are saving tax when selling your business and or property? In summary, their tax liabilities were as follows: Capital Gains Tax = 80% inclusion rate and then 28%…
What is needed to prepare a Will (A guideline only)
(PATC does not charge for the preparation of Wills if Gavin Bacon / PATC will be the executor) A.) For a basic straight forward Will: – Both full names and surnames – we’ve got this therefore ignore Your ID No’s. – we’ve got this therefore ignore Confirmation that Gavin Rennie Bacon of PATC will be…
Tax Consequences of Being Married:
In Community of Property Out of Community of Property Out of Community of Property with accrual. IN COMMUNITY OF PROPERTY: If you are married in community of property, this means that current and future assets are shared equally.
10 Steps to Becoming a Successful Entrepreneur
Succeeding as an entrepreneur takes hard work and persistence because, unfortunately, there is no business-start-up fairy who magically bestows success on small businesses and their owners. Most successful entrepreneurs follow comparable patterns and share similar basic characteristics. Hundreds of online articles and published books claim to know the secret of success in business, but for…
Personal Liability of Members / Directors to CC / Company & Other
The members of the Close Corporation are not liable for the debt of the Close Corporation unless the members have signed surety for the debt of the Close Corporation. However, there are times when the members can be held liable for the debt of the Close Corporation in their personal capacity, even if they did…
Qualifying or Non-Qualifying Report
In an audit engagement, the auditor gives his opinion on the financial information disclosed by your business. The auditor’s report is an integral element of your business’s audited financial statement. At the culmination of the audit engagement, the auditor expresses his opinion in the auditor’s report, which can be qualified or unqualified.
