Section 29 of the Estate Agency Affairs Act (EAAA), Number 112 of 1976, states that every estate agent shall keep such accounting records as are necessary to fairly reflect and explain the state of affairs of all monies received or expended, including monies deposited to a trust account or interest-bearing account. It is further requiredRead more about Estate agents: Audit requirements[…]
Many business owners operate franchise businesses that allow them to build their success by making use of the franchisor’s intellectual property, established business processes and image. Based on the increasing number of franchise arrangements and the contribution of these arrangements towards economic activity in South Africa, SARS has recently released a Draft Guide on theRead more about The Tax implications of a franchise arrangement: Franchise perspective[…]
If you have never planned your estate, perhaps now is a good time to consider it. This will be to everyone’s benefit, as there are often hidden costs which come into effect at the time of passing, that are not taken into account when you plan your estate and inheritance. These expenses include the following:Read more about Have you ever done your Estate Planning?[…]
An audit can protect business stakeholders from the risk of fraudulent practices and therefore stakeholders will often require audits to be done annually. If a business doesn’t have a choice whether to have an audit done or not, they can still control the expense to a certain extent by planning for the audit and supportingRead more about How to save on audit fees: Financial audit preparation checklist[…]