Chartered Accountant & Business Consultant - Meredith Harington
Business News Articles

SARS error to have repercussions on taxpayers?

In yet another apparent administrative blunder, we learned last week that SARS failed to update their systems to accommodate an interest increase which was gazetted on 29 April 2016.


Planning on selling shares in your company?

Many business owners who are in the process of selling shares in their private companies or members’ interest in their close corporations forget that, in addition to the normal income tax / capital gains tax implications to such sales, there is another tax which is also payable, viz. Securities Transfer Tax.

Securities Transfer Tax (STT) was introduced on 1 July 2008 and is a tax payable at a rate of 0.25% on the transfer of all shares in companies incorporated in South Africa as well as foreign companies listed on the South African stock exchange. It is also payable on the transfer of a member’s interest in a close corporation.


Virtual meetings are still meetings

We’ve all been there before. The meeting was scheduled for 11am. It had been informally confirmed via email about a week before, and you’d both gone a step further by accepting the relevant meeting request. We’d established that she would be calling me, and I would supply my Skype username. At 10:55, I was ready. Coffee steaming. Wi-Fi working. Skype open.

At 11:03 I sent a text message, “Ready when you are.”

At 11:18 I tentatively started some other writing work.

By 11:38 – I accepted that the meeting wasn't happening and I got on with my day.

Virtual meetings! Or, rather, people who don’t take them anywhere near as seriously as they do the ‘in-person’ meetings! If you’re guilty, or if you’re at the regular receiving end of people who leave you e-hanging, read this now:


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