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November 2018 NEWSLETTER
When Hubris Grows, Can a Market Crash Be Far Behind?
It’s not easy to make informed investment decisions in this Age of Information Overload, nor will it ever be possible to accurately predict the next big boom or crash in the stock markets.

But economists suggest that there may be a few pointers to help us decide when the chances of an imminent crash are increasing. 

We discuss two such potential pointers – interesting concepts that are well worth keeping an eye on. We’ll tell you how to do that yourself, and when you should think of taking professional advice on whether it might be time to start selling.
read more
 
 
Lack of a Medical Certificate Not Enough When Dismissing an Employee  
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As an employer what can you do about an employee who goes AWOL on sick leave one time too many? Is failure to produce a medical certificate grounds for dismissal?

We analyse a recent Labour Court decision in which an employee with a known medical condition, but also with a history of warnings for absenteeism, took four days off work just before Christmas. On his return he failed to submit a medical certificate as required by company policy.

The Court ordered reinstatement on the particular facts of the matter – a clear warning to employers that lack of a medical certificate is not in itself necessarily adequate grounds for dismissal.
 
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Cloud Based Accounting: Ideal For Your Small Business? 
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As a small business you want your accounting software to do the job quickly, securely and cost-effectively, making you as competitive as possible against big business.

We discuss how the technological revolution is reducing your costs, and we look at what “cloud accounting” is and how it works. It may or may not suit your particular business – you will need to take your accountant’s advice on that – but it has many potential benefits that you should seriously consider. 

Read on for the details…
 
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Is Your Problem With SARS A Systemic Issue? If So, Speak To the Tax Ombud 
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Are you struggling in your dealings with SARS? If so, you aren’t alone, and the good news is that the Tax Ombud may be able to help.

We’ll start off with a look at what types of issues the Ombud can assist taxpayers with, and at the hoops you normally have to jump through before going that route.

There are however also circumstances in which you may be able to fast-track your way to the Ombud, the most significant of these involving “systemic issues”. What are they? And what can the Ombud do about them? 

Read on for the answers…
 
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Beware the New Corporate Income Tax Penalties! And Your Tax Deadlines For November 
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There are only run-of-the-mill tax deadlines for November but companies need to take note of a new warning from SARS that it will be imposing administrative penalties from December 2018 for outstanding Corporate Income Tax (CIT) returns.  Until now, penalties have only been imposed for failure to lodge personal returns.

The penalties, says SARS, “range from R250 to R16,000 per month (see Table) that non-compliance continues, depending on a company’s assessed loss or taxable income” (our emphasis), and will apply to companies which have been issued a final demand to submit a return.
 
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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.

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