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Cecil Kilpin | May 2024 Newsletter

By |May 31st, 2024|Categories: Business, Environmental, Finance + Economics, Newsletter, Vat|Tags: , , , , , , , |

Median Monthly Earnings by Status in Employment, 2017 & 2022. STATS SA has released a report on monthly earnings which makes for interesting reading. Below is a summary of the highlights. In 2017, there were approximately 16,1 million employed persons for pay or profit. The number declined by 642 000 in [...]

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Cecil Kilpin | April 2024 Newsletter

By |April 18th, 2024|Categories: Accounting, Business, Environmental, Finance + Economics, Newsletter, Tax|Tags: , , , , , , , , , , , , |

Employer Annual Declarations (EMP501): 1 April to 31 May 2024. As an employer, it’s essential to stay informed about your tax obligations. The Employer Annual Declaration period is a crucial time when you need to submit accurate information to the South African Revenue Service (SARS). Let’s dive into the details: [...]

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Cecil Kilpin | February 2024 Newsletter

By |February 16th, 2024|Categories: Business, Environmental, Finance + Economics, Newsletter, Vat|Tags: , , , , , , , |

B-BBEE Affidavits: Simplifying Compliance for Exempted Micro Enterprises. Introduction Broad-Based Black Economic Empowerment (B-BBEE) compliance is crucial for businesses aiming to contribute to economic transformation and inclusivity. The Companies and Intellectual Property Commission (CIPC) plays a significant role in facilitating B-BBEE certification for eligible entities. Let’s explore the process of obtaining B-BBEE [...]

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Cecil Kilpin | January 2024 Newsletter

By |January 31st, 2024|Categories: Business, Environmental, Finance + Economics, Newsletter, Vat|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , |

Budget 2024/ 2025 Scheduled for February 2024. The minister of finance will table his budget proposals on February 28th, 2024. Some of the key predictions on the back of an election year are as follows: Interest Rates: There is speculation that the South African Reserve Bank (SARB) will [...]

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Cecil Kilpin | December 2023 Newsletter

By |December 20th, 2023|Categories: Business, Environmental, Finance + Economics, Newsletter, Vat|Tags: , , , , , , , , , , , , , |

Beneficial Ownership. CIPC (Companies and Intellectual Property Commission) is an agency that regulates the registration and compliance of companies and intellectual property. One of its functions is to keep a register of beneficial ownership (BO) for companies and close corporations. A beneficial owner is a natural person who ultimately owns [...]

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Cecil Kilpin | November 2023 Newsletter

By |November 30th, 2023|Categories: Business, Finance + Economics, Goverment, Newsletter|Tags: , , , , , , , , , , , , , , |

Medium-Term Budget Policy Statement (MTBPS) Review. The Medium-Term Budget Policy Statement (MTBPS) for 2023 was unveiled by Finance Minister Enoch Godongwana on 1  November 2023. The MTBPS, also referred to as the "mini-budget", allows government departments to apply for adjustments to their budgets, apply for rollovers, and request additional funds for unforeseeable and [...]

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Cecil Kilpin | October 2023 Newsletter

By |October 17th, 2023|Categories: Accounting, Business, Finance + Economics, Goverment, Newsletter|Tags: , , , , , , , |

Companies First Amendment Bill, 2023 And Second Amendment Bill, 2023. The Companies First Amendment and Second Amendment Bill were tabled in Parliament on the 28 August 2023, and have been published. [The initial draft of the Companies Amendment Bill was published in 2018, followed by a revised draft Bill in 2021, both of which [...]

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Cecil Kilpin | September 2023 Newsletter

By |September 19th, 2023|Categories: Business, Finance + Economics, Goverment, Newsletter|Tags: , , , , , , , , , , |

What You Need to Know About Living Wills. A living will is not the same as a last will and testament. A living will is a document that lets you express your preferences for medical care in case you become unable to communicate them yourself. A living will can help you avoid unwanted [...]

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Cecil Kilpin | July 2023 Newsletter

By |August 20th, 2023|Categories: Business, Finance + Economics, Goverment, Newsletter, Tax|Tags: , , , , , , , , , , |

New Chief Director of Tax Policy at the Ministry of Finance. Ms Yanga Mputa has been appointed as the new Chief Director of Tax Policy at the Ministry of Finance. Ms Mputa has a wealth of experience in tax administration and policy, having served as a senior manager at the South African Revenue Service [...]

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Cecil Kilpin | Legislation Changes – Beneficial Ownership

By |June 13th, 2023|Categories: Business, Environmental, Finance + Economics, Goverment, Newsletter, Tax|Tags: , , , , , , , , , |

AMENDMENTS TO THE TRUST PROPERTY CONTROL ACT. The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act (no. 22 of 2022) came into force on 1 April 2023, and amends the Trust Property Control Act [as well as the Nonprofit Organisations Act (no.71 of 1997), the Financial Intelligence Centre Act (no.38 of 2001), [...]

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