Entries by ADMIN

Directors’ Meeting Minutes: Why Are They So Important?

The Companies Act (the Act) gives directors the power to run and manage the company’s business. In return it places responsibilities and personal liabilities on directors who do not fulfil their fiduciary duties. What is required of directors’ meeting minutes?  Meetings of directors are to be kept and must contain at least: All resolutions passed […]

Life Made Easier (and Safer) For Non-eFilers

When SARS have requested documentation from taxpayers who do not use eFiling, the taxpayers have had to take these documents into a SARS Branch. Now SARS have launched on online form that taxpayers can complete and upload with the documentation requested by SARS. The online form can take ten documents which need to be 5MB […]

Technology, COVID-19 and How the World Will Change

In a recent seminar, the President of Microsoft, Brad Smith, gave his thoughts on what is unfolding in business due to COVID-19, plus how he saw the post-pandemic world. Fasten your seatbelts! Ransomware and hacking rose to high levels in 2019 and there is no sign this is abating. For example, private patient data is […]

How Different Will Our Landscape Be Post-Coronavirus?

Pandemics kill more people than wars – the introduction of the Black Death plague led to 14th Century Europe losing 40% of its population within two years. What will our world look like when normal life begins to return? Predicting the future can never be an exact science, but the consensus seems to be that […]

Tips for Managing your Staff Working from Home

In this brave new world of COVID-19, many people are working from home. Even after there is a cure for the virus, this trend will likely continue. Researchers at Harvard University have come up with some good ways to ensure you get maximum productivity and loyalty from your employees working remotely. Key points Both managers […]

Be Ready for a SARS Lifestyle Audit

We read about Eskom staff having to undergo lifestyle audits so that corruption can be identified and stamped out. SARS have been conducting lifestyle audits since 2007. These audits are conducted when SARS suspects that the taxpayer is not declaring all his or her income and thus is underpaying tax due. SARS have access to […]

Businesses: How to Survive the Coronavirus Panic

Globally, the COVID-19 coronavirus has spread panic amongst societies and markets. Businesses are suffering their most challenging times since the 2008 Global Financial Crisis. This is the time for urgently reviewing how events have affected your business and how you can respond to the seeming chaos. Cash is king When faced with great uncertainty, conserve […]

Is Passwordless Authentication the Next Big Step?

Consider these facts: Over 80% of hacking is password related. In the first world the average cost of fixing a successful hack is $3.9 million. The average person spends 11 hours a year changing or resetting his or her passwords. For a company with approximately 15,000 employees, the cost of this is $5.2 million per […]