Subscribe







Forward email
May and CompanyAccounting | Auditing | Tax Specialists














MAY 2016 NEWSLETTER
Special Voluntary Disclosure Programme: It’s Now Or Never!
The recent revelations of the Panama Papers confirm a growing trend – it’s getting mighty difficult to hide money from the taxman or Reserve Bank. In the current Social Media and Information age, embarrassing data just keeps slipping out.

Aligned to this the Organisation for Economic Cooperation and Development (OECD) has introduced a project whereby there will be an automatic exchange by participating countries of taxpayer information. This information will be supplied to   the local Revenue authorities and shared with other Revenue authorities
read more
 
 
Valuing Your Business: Why Do It, And How? 
ArticleImage
There are two reasons why you would value a business:
  • Either you want to sell your business or you are thinking of acquiring another business

  • Business owners should have an exit strategy. Valuing your business on a regular basis tells you how much value you are creating. It also indicates what   needs to be done to make your business more competitive and hence more valuable.  
 
read more
It’s Time To Do Your Compensation For Occupational Injuries And Diseases Act (COIDA) Return 
ArticleImage
Your COIDA return of earnings is due by 31 May. It is easy to register (if you haven’t already done so) by email and to complete the return online. COIDA contributions are not too costly and depends on the industry you are in.

Why register and do the return?

 
read more
Small Businesses – How To Access Finance  
ArticleImage
Surveys indicate that one of the major reasons for small/medium businesses (SMEs) going out of business is cash flow issues. 

SMEs are the most powerful generator of jobs in the economy and thus their financial wellbeing is extremely important.

In South Africa there is no large scale venture capital or private equity industry. Government do offer incentives but they are not well marketed and can be difficult to access. That leaves the major banks and one or two other funders. 
 
read more
Your Tax Deadlines For May 
ArticleImage
The annual employer PAYE reconciliation (EMP501) is due on 31 May. Remember this is a time consuming process so the earlier you submit the less chance of you being exposed to penalties.
 







Disclaimer

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.

© DotNews 2018.  All Rights Reserved.


  A Client Connection Service by DotNews