RSM South Africa
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15 February 2019

Section 24C - Allowance in respect of future expenditure

The tax court recently ruled in the case of ABC (Pty) Ltd v The Commissioner for SARS on the application of section 24C of the Income Tax Act (ITA). The section allows a deduction for future expenditure in relation to any year of assessment by the...
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1 February 2019

Shareholder vs Stakeholder approach

How corporations should be maximising long-term sustainability
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1 February 2019

Advice to new first year trainee accountants

The beginning of February each year brings with it new adventures and challenges for so many hopeful CA(SA) candidates.

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22 January 2019

Changes to the Donations Tax threshold

In the 2018 budget speech, the Finance Minister proposed a significant number of changes to address the revenue shortfall that the fiscus was facing. One of these proposals was to increase donations tax from 20% to 25% for any donations made by a...
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22 January 2019

IFRS News in Brief - Issue 88

INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) LATEST DECISIONS SUMMARY The following is a summarised update of the main discussions and tentative decisions taken by the IASB at its meeting on 11, 12 and 13 December 2018.  
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11 January 2019

Financial metrics in the business world

keeping an eye on kpi’s Monitoring sustainability and the condition of a company’s business model plays a key role in the overall performance and success of an organisation. If these are given the required attention, it would enable easy...
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10 January 2019

How NOT to get yourself a salary increase

I, like most HR professionals, have a natural interest in human behaviour and observing awkward conversations is like an ice-cream on a hot summer day - amusing but doesn’t usually last very long. I am often asked by friends, family and sometimes...
IFRS News in Brief
7 January 2019

IFRS News in Brief - Issue 87

PUBLICATIONS AND ANNOUNCEMENTS The IASB issued the seventeenth edition of the ‘Investor Update’ on 27 November 2018. The issue provides investors with information that helps them keep up to date with changes in the world of IFRS and how those...
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18 December 2018

New regulations imposing VAT on electronic services in South Africa

On the 24th of October 2018, the National Treasury published new regulations for the purpose of “electronic services” as defined in Section 1 of the Value Added Tax Act (VAT) Act of 1991 but specifically relating to the supply of electronic services...

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