Chartered Accountant & Business Consultant - Meredith Harington
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Business News Articles

Complexities of loans between related parties

Loans between related parties are a common occurrence in the SME business environment. These loans arise due to various reasons, such as assets being sold on loan account; money being drawn out, trust distributions made or dividends declared on loan account; funding provided by stakeholders, or even loans arising in a similar way to a trading account. Loans that may initially seem simple in principle, could lead to some unforeseen tax and legal consequences.

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The insurance imperative

Research by the National Small Business Chamber shows that 68% of South African SMMEs are not insured. For SMMEs to succeed this has to change.

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Breaking “dominant logic” is earning people billions – by asking “why?”

The number of billionaires emerging globally from innocuous start-ups is growing into the hundreds. Almost none of them are corporate employees, and that’s telling. There is a fetish today to blame all of this on digital disruption but there is something much deeper at play here. It’s about disrupting your industry simply by focusing on the needs of the customer. It’s also about innovative thinking and not just technology.

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