Is it not time to think about relocating your professional offices? Situated directly opposite the newly rebuilt Blue Route Mall, the Blue Route Professional Hub offers adjacent access to shops, restaurants, Post Office and banks, in an environment far removed from the frenetic pressure of the city. The project comprises a two-storey office block with […]
I was drafting an opinion recently on the enforceability of Restraints of Trade in employment contracts and was reminded that instead of focusing on geographic and time restraints to prevent employees from working for the competition, employers should be focusing on protecting their confidential information. The reality is that restraint of trade agreements in South […]
For most entrepreneurs, the business you have created has been the thing that has consumed most of your energy, ideas and being for as long as you can remember. It is also the creation that has built your wealth (and corresponding lifestyle) to date. It would therefore be a real shame if that business were not to […]
Are your VAT invoices compliant? From March 2014, SARS requires that the address of the recipient and supplier be reflected on a VAT invoice where the supply exceeds R5 000. A business may elect to reflect either the physical or postal address of the enterprise or both. Have you correctly accounted for VAT when reimbursing employees? […]
We all want to ensure that those we care about are taken care of once we pass on, and not create unnecessary complications. Why then do so many South Africans either have no will or have wills that are invalid? It is critical that a valid will is drafted and executed during your lifetime to […]
With the debate currently raging around the proposed amendments to the Employment Equity Act, which looks to enforce racial representation across geographical areas, it is perhaps a good time to think about what we are looking for in terms of skills and the type of candidate your business is looking to attract. I often hear […]
Wow! Another first and “out of the box” idea comes to you courtesy of Meredith Harington. After successfully operating mhONLINE Accounting and mhONLINE Advisory for some time we now introduce to you mhONLINE Tax, our latest innovative idea to save you time and inconvenience in completing your annual tax returns. mhONLINE Tax enables the user to: […]
Homeowners Associations (HOA) are currently not exempt from VAT and are required to charge VAT on their levies if they are over the R1million limit (or if they have voluntarily registered). This is going to change with effect from 1 April as SARS is now of the view that the supply of services by an […]
Have you ever walked through a mall or down the street and been confronted with a new product that is exactly the same as yours and you had that “oh no, not another one” feeling? So how do you outmanoeuvre your competitors? Critically you need to: get to know them, how they operate and what […]
South Africans with property in the UK will in future be liable for capital gains tax there once they sell their property, following an announcement last month that the tax will be introduced in the UK from April next year. The South African economy is likely to lose revenue because of the step, as the […]
Process your accounting records – anywhere, any time. mhONLINE allows you to process all of your accounting records in a simple, secure and efficient way over the internet. The service is available 24/7 and is accessible from any internet capable device – worldwide. If you are not sure where to turn to with your questions and […]
At present taxpayers aged under 65 years are on a hybrid system with regard to the income tax treatment of their medical expenses. While contributions to medical aids are subject to credit relief, medical expenses in excess of 7.5 % of taxable income are claimed as a deduction. On the other hand, taxpayers aged 65 […]