Simplify Your Accounting and Payroll for a More Profitable Business
Running a business in South Africa comes with its fair share of challenges, especially when it comes to managing finances. Between complex tax regulations, payroll headaches, and the constant pressure to stay compliant, many business owners find themselves drowning in paperwork instead of focusing on growth. If you’re struggling to keep up with accounting demands […]
Banking Fraud and Estate Administration – The Case That Put Banks on Notice
In a landmark judgment delivered by the Western Cape High Court recently, the court made it clear that banks cannot escape liability when they pay estate funds to the wrong person, even when that person presented themselves as the lawfully appointed executor of a deceased estate. The case of Turner NO v Standard Bank of […]
What’s In a Name?
The differences between an allowance, an advance, and a reimbursement are critical when it comes to tax. What’s the difference between an allowance, an advance, and a reimbursement? To many people, these are different terms for the same thing, but to SARS, the category that a payment falls into is critical when it comes to […]