How does a government increase its income without adding new taxes? After all, there are important local elections this year and reassuring the public that you REALLY will do your very utmost ‘bestest best’ NOT to pull the tax noose tighter, the Government needs more money.
The 2008 Companies Act is now fully enacted and all registered businesses in South Africa must comply with its regulations. With a possible R1 Million fine or 10 years in jail for non-compliance, understanding the Act is a must for all business owners. Continue reading “The New Companies Act – Does Your Business Still Need an Audit?”