archive-za.com » ZA » C » CORP.CO.ZA

Total: 420

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • SARS | CORP
    a capital gain arises when the proceeds received on the disposal of an asset is greater than the base cost of the asset The meaning of an asset for purposes of the Eighth Schedule to the Act is defined widely and includes property of whatever nature whether movable or immovable corporeal or incorporeal excluding any currency but including any coin made mainly from gold or platinum as well as a right or interest of whatever nature to or in such property The meaning of a disposal on the other hand specifically provides for the inclusion of the waiver or the renunciation of a right The renunciation of the right by the taxpayer would constitute a disposal of a capital asset and the taxpayer will be liable for CGT on the difference between the proceeds received and the base cost of the right If the taxpayer waived the right for no consideration the proceeds would be nil However in terms of paragraph 38 1 a of the Eighth Schedule where a person disposes of an asset by means of a donation or for a consideration not measurable in money or to a connected person for a consideration which does not reflect an arm s length price the proceeds will be deemed to be the market value of the asset on the date of the disposal If an asset is disposed of by means of a donation such disposal is deemed to have taken place at market value for CGT purposes and the taxpayer will be liable for CGT on the difference between the market value of the right and the base cost thereof Accordingly unless careful consideration is given to the construction of a transaction the good intentions of a taxpayer can have adverse tax consequences It should however be noted that none of the tax implications set out above will be applicable if the taxpayer makes a donation to an approved Public Benefit Organisation via Good intentions gone bad Lexology Posted in SARS Tax Tagged cgt Leave a reply SARS employees might abuse their position Posted on 25 June 2011 by admin Reply COLIN WOLFSOHN Look their whole principle of separating and making our ordinary Tax Act simpler without these administrative provisions is very good no question about it We understand where SARS is coming from in terms of cases of genuine crooks or people as we say like an Enron kind of case We are concerned on a practical basis though whether all these provisions because this Act is written in the basis where everything is perfect and we ve seen unfortunately cases in the past where you might have SARS employees who don t interpret these legislations pieces totally accurately and if I can use the wrong wording might abuse their position That kind of situation concerns us but hopefully with proper training of SARS officials that things will improve via What the new Tax Administration Bill covers Tax Moneyweb We have had instances where SARS employees have

    Original URL path: http://annualreturns.corp.co.za/category/sars/ (2015-12-05)
    Open archived version from archive

  • shelf pty | CORP
    sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business mentoring and networking Seats are limited Register now to secure your spot and receive exclusive reader rate expires 12 8 The Entrepreneurial Chicken or Egg Dilemma Entrepreneur 4 December 2015 EntrepreneurThe Entrepreneurial Chicken or Egg DilemmaEntrepreneurIt s hard to sell a product before it exists It s also hard to perfect an offering without steady cash flow So where exactly is an entrepreneur to begin We ve polled leading entrepreneurs on the art of the first sale and here s what we learned on Recent Posts Government continues to disrupt business Sole Proprietor Start a business today 7 Small Business Ideas For 2013 Company Registration

    Original URL path: http://annualreturns.corp.co.za/category/shelf-pty/ (2015-12-05)
    Open archived version from archive

  • Tax | CORP
    South African Revenue Service can hold the done personally liable and recover the outstanding donations tax from such a person CGT implications In addition to the abovementioned donations tax implications the taxpayer needs to establish whether the transaction has any CGT implications In terms of the Eighth Schedule to the Act a capital gain arises when the proceeds received on the disposal of an asset is greater than the base cost of the asset The meaning of an asset for purposes of the Eighth Schedule to the Act is defined widely and includes property of whatever nature whether movable or immovable corporeal or incorporeal excluding any currency but including any coin made mainly from gold or platinum as well as a right or interest of whatever nature to or in such property The meaning of a disposal on the other hand specifically provides for the inclusion of the waiver or the renunciation of a right The renunciation of the right by the taxpayer would constitute a disposal of a capital asset and the taxpayer will be liable for CGT on the difference between the proceeds received and the base cost of the right If the taxpayer waived the right for no consideration the proceeds would be nil However in terms of paragraph 38 1 a of the Eighth Schedule where a person disposes of an asset by means of a donation or for a consideration not measurable in money or to a connected person for a consideration which does not reflect an arm s length price the proceeds will be deemed to be the market value of the asset on the date of the disposal If an asset is disposed of by means of a donation such disposal is deemed to have taken place at market value for CGT purposes and the taxpayer will be liable for CGT on the difference between the market value of the right and the base cost thereof Accordingly unless careful consideration is given to the construction of a transaction the good intentions of a taxpayer can have adverse tax consequences It should however be noted that none of the tax implications set out above will be applicable if the taxpayer makes a donation to an approved Public Benefit Organisation via Good intentions gone bad Lexology Posted in SARS Tax Tagged cgt Leave a reply Tax free transfer of residential property Posted on 6 July 2011 by admin Reply If you own residential immovable property through a trust company or close corporation CC you should really think about transferring the property into your own name Until 31 December 2012 a trust company or CC can transfer residential property tax free to beneficiaries or members if they meet certain conditions These conditions are set out in paragraph 51A of the Eighth Schedule to the Income Tax Act 1962 One condition is that the property must be transferred to a person who ordinarily resided in the property for a certain period But on 2 June 2011 the

    Original URL path: http://annualreturns.corp.co.za/category/tax/ (2015-12-05)
    Open archived version from archive

  • Tax Returns | CORP
    cases of genuine crooks or people as we say like an Enron kind of case We are concerned on a practical basis though whether all these provisions because this Act is written in the basis where everything is perfect and we ve seen unfortunately cases in the past where you might have SARS employees who don t interpret these legislations pieces totally accurately and if I can use the wrong wording might abuse their position That kind of situation concerns us but hopefully with proper training of SARS officials that things will improve via What the new Tax Administration Bill covers Tax Moneyweb We have had instances where SARS employees have abused their position and unfairly interpreted the VAT Act to the total and unnecessary disadvantage of the taxpayer Arrogant and unprofessional behaviour like that should never have been allowed to take place It echoes the harshness and intolerance of Apartheid racism Posted in Apartheid Racism Gov Office Professional Provisional Tax Respect SARS Small Business SMME Tax Tax Returns Tagged fine listen tax deduction Leave a reply Tax filing season opens 1 July 2011 Posted on 19 June 2011 by admin Reply The South African Revenue Service SARS has announced that tax return filing season for individuals will start on Friday July 1 and will run until Friday November 25 for taxpayers who use eFiling via Tax filing season opens IOL co za For assistance with your taxes contact Accountkeeper Posted in Provisional Tax SARS Tax Tax Returns Leave a reply Content Writers If you would like to contribute articles on small business or entrepreneurship kindly email us from our Contact page above Entrepreneur News 3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach Them Entrepreneur 4 December 2015 Entrepreneur3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach ThemEntrepreneurEmerging markets can sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business

    Original URL path: http://annualreturns.corp.co.za/category/tax-returns/ (2015-12-05)
    Open archived version from archive

  • trading as | CORP
    3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach Them Entrepreneur 4 December 2015 Entrepreneur3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach ThemEntrepreneurEmerging markets can sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business mentoring and networking Seats are limited Register now to secure your spot and receive exclusive reader rate expires 12 8 The Entrepreneurial Chicken or Egg Dilemma Entrepreneur 4 December 2015 EntrepreneurThe Entrepreneurial Chicken or Egg DilemmaEntrepreneurIt s hard to sell a product before it exists It s also hard to perfect an offering without steady cash flow So where exactly is an entrepreneur to begin We ve polled leading entrepreneurs on the art of the

    Original URL path: http://annualreturns.corp.co.za/category/trading-as/ (2015-12-05)
    Open archived version from archive

  • Will | CORP
    recommend that all parties sign in full on each page It is not necessary to have an attestation clause or even to date a Will for it to be valid However it is important to date a Will because it makes it easier to determine the sequence if the testator has left behind more than one valid Will and so to ascertain whether it is the Last Will and Testament or whether the document has since been revoked or is revoking another Will The Act determines that via Is my will valid Lexology Related articles How would I change a will after the testator dies if the family agrees to different terms would this need to be done via a solicitor or can it be okay as long as we all sign something wiki answers com The Rationale behind Contesting a Will estatewillstrusts wordpress com Non Traditional Wills lawprofessors typepad com How is something given to someone that is willed to another person when the person is on death bed wiki answers com What does the word trustee mean in a will wiki answers com Importance of writing a Will mathilic wordpress com Posted in Will Tagged Attestation clause Document Document Management Joint wills and mutual wills Opposing Views Testator will Witness Leave a reply Content Writers If you would like to contribute articles on small business or entrepreneurship kindly email us from our Contact page above Entrepreneur News 3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach Them Entrepreneur 4 December 2015 Entrepreneur3 Emerging Markets Entrepreneurs Should Be Watching and How to Approach ThemEntrepreneurEmerging markets can sometimes spook entrepreneurs China s economic slowdown anemic performances in Brazil and South Africa and the deteriorating socio political situation in Turkey have prompted would be business leaders to reconsider whether 10 Promising Franchises for Ambitious Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur10 Promising Franchises for Ambitious EntrepreneursEntrepreneurThis recession proof franchise has been rapidly growing Entrepreneur has named it one of the top 20 franchises for the last five years Total Investment will range 62 9K 417 9K Credibly states that average annual sales are between 254 700 585 800 11 Aspiring Entrepreneurs Share Lessons From Cherished Books Entrepreneur 4 December 2015 Entrepreneur11 Aspiring Entrepreneurs Share Lessons From Cherished BooksEntrepreneurWe all know the Warren Buffett philosophy about reading I experienced firsthand the compounding positive effects reading has on the brain during a two year sprint where I read 197 books Since then my relentless hunger for learning has been unleashed 4 Ways Just Getting Ready to Hire an Assistant Helps Entrepreneurs Entrepreneur 4 December 2015 Entrepreneur4 Ways Just Getting Ready to Hire an Assistant Helps EntrepreneursEntrepreneurJoin us at Entrepreneur magazine s Growth Conference Dec 15 in Long Beach Calif for a day of fresh ideas business mentoring and networking Seats are limited Register now to secure your spot and receive exclusive reader rate expires 12 8 The Entrepreneurial Chicken or Egg Dilemma Entrepreneur 4 December 2015 EntrepreneurThe Entrepreneurial Chicken or Egg DilemmaEntrepreneurIt

    Original URL path: http://annualreturns.corp.co.za/category/will-2/ (2015-12-05)
    Open archived version from archive

  • Women | CORP
    by admin Reply Global population numbers are on track to reach 7 billion in 2011 just 12 years after reaching 6 billion in 1999 Virtually all of the growth is in developing countries And the growth of the world s youth population ages 15 to 24 is shifting into the poorest of those countries The new Population Reference Bureau s 2009 World Population Data Sheet offers detailed information about country regional and global population patterns In the context of CSR I find it interesting that we talk a lot about the environment and its connections with growth and we discuss at length the use and abuse of natural resources and links to climate change Yet one of the major challenges that businesses could play a role in relates to birth control and population management via A Role for Business in Population Management Use Celsias com Posted in Business Economy Jobs Women Tagged jobs opportunities population sustainability Leave a reply Department of Social Development Posted on 28 July 2011 by admin Reply Vision A caring and integrated system of social development services that facilitates human development and improves the quality of life Mission To enable the poor the vulnerable and the excluded within South African society to secure a better life for themselves in partnership with them and with all those who are committed to building a caring society Values The people we serve come first in performing our duties We will ensure equity and freedom from discrimination and harassment in the workplace and in the services provided by our department We will workin partnership with the people we serve and with other stakeholders We will use the resources entrusted to us to deliver on the Governmen s priorities in the most effient effective and innovative ways Ww will be transparent and accountable for our decisions actions and performance We will share our knowledge and expertise with other departments and broader welfare sector and learn from them In performing our duties we will uphold the Constitution of the republic of South Africa the laws governing the public service and the Code of Conduct for the Public Service via Department of Social Development Vision Mission and Values Posted in Apartheid Racism Gov Office Respect Women Tagged welfare Leave a reply Noeleen Maholwana Sangqu Posted on 26 July 2011 by admin Reply Born and raised in Umtata Noeleen is a journalist by training and has spent a number of years in news handling both Radio and TV for Radio Transkei and Radio 702 respectively Having spent a period of six years at Radio Transkei Noeleen has had the opportunity to develop in depth knowledge of journalism as well as Public Relations both in its theory and in its application In pursuit of better prospects Noeleen moved to Johannesburg in 1994 to join Radio 702 as junior reporter before landing a co hosting job She worked her way up and in the space of four years became the station s news editor From 2001

    Original URL path: http://annualreturns.corp.co.za/category/women/ (2015-12-05)
    Open archived version from archive

  • BEE | CORP
    government needs to give us all a straight answer on the BEE job creation dilemma Are they more interesting in maintaining the tenderpreneur mentality or are they interested in real economic reform If it s the former then it s business as usual I suppose However if it s the latter then the policies surrounding small business development definitely need an urgent rethink We are an emerging economy We are a nation crippled by unemployment Maybe it s time that those became the driving factors in policy with regards to business development rather than the current one which seems to be if you re not black we don t want your jobs via BEE job creation cannot coexist News24 MyNews24 Your Story Posted in Entrepreneur Jobs Labour Law Small Business SMME Tagged BEE job creation labour tax deduction Leave a reply Anglo to create 25000 jobs Posted on 23 June 2011 by admin Reply Anglo American AGL one of the world s five largest resources groups on Thursday said it was committed to creating and sustaining 25 000 jobs by 2015 This it would do through up to 1 500 new businesses Speaking at Anglo American s local procurement and enterprise development trade fair Chief Executive Cynthia Carroll said Anglo s enterprise development arm Zimele has already invested some 467 million rand in 845 local businesses which together employ about 16 000 people and generate a turnover of more than 1 8 billion rand She also said Anglo s commitment to developing new businesses supported the country s vision of creating economic opportunities for black South Africans Anglo s procurement spend with black empowered business in the past 10 years has increased from 911 million rand to 21 billion rand This makes up more than 40 of the group s total available procurement spend to historically disadvantaged South Africans Department of Mineral Resources deputy minister Godfrey Oliphant said a recent study showed that South Africa s youth would rather be entrepreneurs than be employed It could be argued that lack of employment has encouraged the youth to look for alternative means to support themselves Oliphant said He said over 70 of the youth particularly the black youth consider running their own businesses but they recognised that they needed experience He encouraged big business to get youth more involved in entrepreneurship I Net Bridge via Anglo to create 25 000 jobs IOL co za Posted in Big Business Black Business Entrepreneur Jobs Small Business SMME Tagged BEE business development job creation Leave a reply Small business owners seize the opportunity to grow Posted on 22 June 2011 by admin Reply Companies still get to pick the business owners they want to help More black business owners must seize the opportunity to grow their business and move into the private sector if they are to become serious players in the economy More than anything SA needs real entrepreneurs not more BEE fat cats via BusinessDay STEPHEN TIMM Small business Posted in Black

    Original URL path: http://annualreturns.corp.co.za/tag/bee/ (2015-12-05)
    Open archived version from archive



  •