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August 2014 NEWSLETTER
Trustees: Your Risks, Roles And Responsibilities
Over the past generation, greater onus has been placed on people in authority such as directors and trustees.  Much attention has been placed on directors following the new Companies Act which became effective in 2011.  It is a good time to relook at trustees who are governed by the Trust Property Control Act.  
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Tax Season 2014 
"People who complain about taxes can be divided into two classes: men and women"  (Anonymous)

Tax season has opened and once again we face having to complete our tax returns.  

The changes from last year are - ....
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Employers: Take Note Of The New Remuneration Thresholds 
From 1 July 2014 the Minister of Labour amended the remuneration an employee earns to fall under certain protections (listed below) of the Basic Conditions of Employment Act (BCEA) to R205,433-30 per annum (R17,119-44 per month) - this is up from R193,805-00 per annum (R16,150-42 per month). 

This figure is before deductions like PAYE, medical aid etc – in other words the gross amount paid.
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Economics 101: Can The Economy Grow At Over 5%? And How Will It Affect Us? 
Pretty much for the last decade there has been debate over how to take the economy from a low growth to a high growth economy. In President Zuma’s first term, growth averaged 1.8% per annum. 
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Your Tax Deadlines For August 
Your first provisional tax payment for the 2015 tax year is due on 29 August.


The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your professional adviser for specific and detailed advice.

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