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Cecil Kilpin | December 2020 Newsletter

By |Nov 30th, 2020|Categories: Business, Finance + Economics, Goverment, Newsletter|Tags: , , , , , , , , , , , , , , |

(extract from the World economic forum’s “The Great Reset”) The COVID-19 crisis has highlighted many ways to do business more responsibly once it recedes. The cost of continuing with business as usual after COVID-19, without shifting investment from polluting fossil fuels to clean renewable energy, will only lead to further crises, according to a [...]

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Cecil Kilpin | October 2020 Newsletter

By |Oct 30th, 2020|Categories: Business, Finance + Economics, Goverment, Newsletter, Tax|Tags: , , , , , , , , |

A Social Partnership To Boost Confidence, Restart The Economy And Conduct Urgent Reforms (Extract from the Medium Term Budget Policy Statement) The economic recovery plan was developed through extensive consultations between government, business, labour and civil society. It has two broad components. A range of immediate and short-term measures will be taken to rebuild confidence, [...]

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Cecil Kilpin | September 2020 Newsletter

By |Oct 1st, 2020|Categories: Business, Finance + Economics, Goverment, Newsletter, Tax|Tags: , , , , , , , , , , , |

Economic Overview The economic effects of the coronavirus crisis have been extensive and a recovery to pre-pandemic levels will take several years. Current forecasts from the IMF show global gross domestic product (GDP) contracting by about 4.9% this year, although the general economic outlook has improved somewhat. Second quarter GDP outcomes for most economies have [...]

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Cecil Kilpin | August 2020 Newsletter

By |Aug 31st, 2020|Categories: Business, Finance + Economics, Goverment, Newsletter, Tax|Tags: , , , , , , , , |

CIPC Releases A Directors Quick Reference Guide CIPC has released a quick reference guide designed to highlight specifically, although not exclusively, critical issues of the Companies Act No. 71 of 2008 that a director should be aware of. The central message of this guide, which is divided into 10 basic markers, is that a director [...]

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Cecil Kilpin | July 2020 Newsletter

By |Jul 31st, 2020|Categories: Business, Finance + Economics, Goverment, Newsletter, Tax|Tags: , , , , , , , , , , , , , |

Donations made to the Solidarity Fund The deduction available for donations increased. To alleviate the cashflow difficulties of employees where their employers contribute to the Solidarity Fund on their behalf, Government is proposing a special relief measure by temporarily increasing the current 5% tax limit in the calculation of monthly PAYE of the employee. An [...]

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Cecil Kilpin | June 2020 Newsletter

By |Jun 29th, 2020|Categories: Business, Finance + Economics, Goverment, Newsletter, Tax|Tags: , , , , , , , , , |

The Protection of Personal Information Act 4 of 2013 (POPI) On the 17th of June, President Ramaphosa signed the final enabling legislation to finally give effect to POPI with effect from 1st July 2020. Although it comes into full force, businesses have until the end of June 2021 to comply with the ACT.     The key [...]

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Cecil Kilpin | June 2020: Supplementary Budget

By |Jun 26th, 2020|Categories: Business, Finance + Economics, Goverment, Newsletter, Tax|Tags: , , , , , , , , , , , , , , , |

Liduma lidlule!The storm shall pass! The purpose of the supplementary budget is obviously due to the historic nature of this pandemic and economic downturn. A second adjustments budget in October will be tabled together with the Medium‐Term Budget Policy Statement. The Budget Does Two Things:First, it brings an Adjustments Appropriation Bill and a Division of Revenue Amendment Bill to [...]

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Cecil Kilpin | May 2020 Newsletter

By |May 30th, 2020|Categories: Business, Finance + Economics, Goverment, Newsletter, Tax|Tags: , , , , , , , , |

DIRECTOR’S ROLE AMIDST THE COVID 19 PANDEMIC The director’s role has without a doubt become more onerous amidst the Covid-19 pandemic. However, the Companies Act makes provision for operating in a virtual world, which includes, inter alia: A signature or an initial on a document may be made by or on behalf of a person by the use [...]

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Cecil Kilpin | Further Tax Measures To Combat The Covid-19 Pandemic

By |Apr 29th, 2020|Categories: Business, Finance + Economics, Goverment, Newsletter, Tax, Vat|Tags: , , , , , , , , , , , , , , |

  In line with the President’s address to the nation on 21 April 2020, the Minister of Finance has provided more detail on the second set of measures that aim to assist individuals and businesses through the pandemic. The interventions include:     Skills Development Levy Holiday: From 1 May 2020, there will be a four-month holiday [...]

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Cecil Kilpin | April 2020 Newsletter

By |Apr 27th, 2020|Categories: Business, Finance + Economics, Goverment, Newsletter, Tax|Tags: , , , , , , , , |

*IMPORTANT: This article is based on an extract from a draft government document.   Risk-Adjusted Strategy For Economic Activity Though the national lockdown has shown early evidence on how it has successfully helped to flatten the curve and limit the spread of Covid-19, there are numerous risks if the lockdown is lifted too quickly or [...]

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