RSM South Africa

covid-19

Another growing concern in Covid Times

5 August 2020
The “going concern” principle has been one of the fundamental concepts in the preparation of any financial statements for as long as most of us can remember.

COVID-19 TERS: Practical Considerations for Payroll

22 June 2020
COVID-19 TERS (Temporary Employee Relief Scheme) is a fund administrated by the Department of Labour (DoL) to provide relief to employers and employees in South Africa. A clearly set-out application process can be followed on the UIF website.

COVID-19 Business Interruption Insurance Services

26 May 2020
The COVID-19 pandemic has caused severe disruptions to businesses across South Africa, and worldwide. For many businesses it is likely that the impact of the pandemic will continue into the foreseeable future. 

COVID-19 and B-BBEE

20 May 2020
This article focuses on the last 3 elements on the B-BBEE Scorecard, namely Skills Development (Statement 300), Enterprise and Supplier Development (Statement 400) and Socio Economic Development (Statement 500). These 3 elements are determined at a point in time, i.e. the Measured Entity’s financial period.

Further tax measures to combat the COVID-19 pandemic

24 April 2020
In an address by President Cyril Ramaphosa on 21 April 2020, he noted that Government has recognised the significant negative repercussions that the national lockdown is having on our economy, both to businesses and to households across the country. The address also highlighted further tax measures to be implemented as additional relief measures.

COVID-19 amended tax relief measures in South Africa

22 April 2020
On 21 April 2020 President Cyril Ramaphosa announced the implementation of significant social relief and economic support measures in South Africa which are required as a result of the impact of COVID-19.

The latest coronavirus scenarios: Walking the tightrope

20 April 2020
At the beginning of March this year, I wrote an article painting three coronavirus scenarios for the world at large over the foreseeable future: “Much Ado About Nothing”, “The Camel’s Straw” and “Spain Again”.

Relief for employers through the COVID-19 Temporary Employee Relief Scheme

14 April 2020
The concept of the Temporary Employer Relief Scheme (”TERS”) was initially introduced in December 2019 to assist employers in financial distress.

Coronavirus – A global plan for a global challenge

9 April 2020
The global impact of coronavirus aligned with the fact that different countries are at different stages in responding to the pandemic will mean a new way of doing business will be with us for many months (and probably longer). Therefore, globally active middle market companies now need to set their business continuity plans for at least the rest of 2020.

How can RSM help your business during the COVID-19 pandemic?

2 April 2020
Organisations of all sizes are currently facing numerous challenges due to the COVID-19 pandemic. RSM is able to assist your business to weather the storm with the following specialist services.

Tax Measures to combat the COVID-19 pandemic

30 March 2020
Further to the fiscal package as outlined by President Cyril Ramaphosa in his speech on the Escalation of Measures to Combat COVID-19, the Minister of Finance has announced on 29 March 2020 certain exceptional tax measures to be implemented.

COVID-19 VAT exemption for essential goods on importation

30 March 2020
South African Revenue Services (“SARS”) announced on 27 March 2020 that imported goods defined as “Essential Goods” as detailed in the Regulations published in Government Gazette No 43148 specific to the COVID-19 pandemic will be exempt from Value-added Tax (“VAT”).

How business owners can help weather the fallout of COVID-19

30 March 2020
Assessments of cash flow, supply chains and labour issues are crucial

COVID19 and business interruption insurance

30 March 2020
As the COVID-19 pandemic unfolds, most business owners face serious hardship and unprecedented economic losses.

COVID-19 Relief Measures

25 March 2020
On 23 March 2020 President Cyril Ramaphosa announced that South Africa will be in an enforced nation-wide lockdown for 21 days with effect from midnight on Thursday 26 March 2020. Together with this announcement, certain economic interventions were announced by the President.

COVID-19 and Business Continuity Risk

12 March 2020
“I don’t know what I don’t know”. This phrase has never been truer than it is right now when it comes to COVID-19 and its impact on business continuity.

Coronavirus, contracts and force majeure

2 March 2020
The Coronavirus is having a significant impact on the global economy as it increasingly disrupts production, supply chains and travel. With that in mind, organisations should consider any potential legal risks and how to protect themselves against them.