Tag: reconciliation
Building public trust through tax reporting
More South African companies need to focus on building public trust by enhancing tax transparency reporting to unlock greater value. Today, businesses face unprecedented scrutiny from the public and stakeholders, creating pressure on leaders to remain accountable and foster trust.
Addressing merger law gaps – improving regulatory clarity
South Africa can promote future investment and encourage corporate growth by addressing discrepancies in laws governing mergers and amalgamations. Section 44 of the Income Tax Act governs merger and amalgamation transactions from a tax perspective. It provides tax rollover relief if certain requirements are met.
Talent competition in financial services – skills over roles
Conversations about the war for talent in financial services have persisted for many years. Competition to attract skilled individuals has always been intense, with high demand for talented professionals. This competition has intensified recently as hiring activity accelerates to meet today's significant challenges.
Lease audits unlock compliance challenges and savings benefits
The lease stands as the cornerstone of occupier-landlord relationships in commercial real estate. Yet beneath the surface of these meticulously drafted documents lies a complex web of financial obligations and legal stipulations that can easily become tangled. The more leases an organisation has, the higher the risk of costly trip-ups.
AI can’t take the farmer out of farming
Agriculture in Africa is being transformed by artificial intelligence (AI), but there is still one element it cannot replace. Despite dramatic technological advances in the sector in recent decades, the role of the farmer remains indispensable. This was a message delivered, surprisingly, at a recent conference in Europe, by a world leader in the field – from Eswatini.
SME payroll pitfalls – mistakes companies should avoid
Paying employees sounds straightforward, but it is not unusual for Small and Medium Enterprises (SMEs) to make mistakes in managing their payroll. These errors can have serious consequences, ranging from damaging employee morale to fraud losses, and tax penalties for late or incorrect tax payments and submissions.
Virtual wheeling 101
Eskom has run a successful pilot of virtual wheeling, which will enable companies with multiple offtake sites to connect to generators using the Eskom or municipal grids. Electricity wheeling mechanisms play a key role in facilitating the optimal integration of renewable energy resources into the grid.
BOOR REVIEW | Bridge
In infinite parallel universes, there’s a version of you who already has everything you’ve ever wanted. But 24-year-old drop-out Bridge is paralysed, by all the other lives she could have lived, the choices she could have made, and now, whoever she’s supposed to be in the wake of her mother’s premature death. They always had a complicated relationship.
BOOK REVIEW | Collaboration in Development
The book provides a synthesis of the model that was used to launch the National Education Collaboration Trust (NECT) – a multi-stakeholder collaboration model and the role of enabling instruments like social capital, national heritage, and networking in operationalising partnerships between public and private sector role players – with the aim to drive education improvement.
How cloud accounting can help SMEs
If a business suddenly had no access to its business documents and financial records, the consequences would be severely felt. And if the company suffered a cyberattack, it could be devastating. These are just two reasons why cloud computing has become so important, and why moving to online accounting can genuinely help small- to medium-sized enterprises (SMEs).
