Employer Annual Reconciliation

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Cecil Kilpin | March 2021 Newsletter

By |2021-05-25T11:50:47+02:00Mar 25th, 2021|Business, Finance + Economics, Goverment, Newsletter, Tax|

Asset Tokenization As emerging technologies become more accepted and established throughout society, old problems become solved and new opportunities start to arise. Blockchain has been around for over a decade and has been popularized mostly through its association with cryptocurrencies. Offering numerous benefits, new applications of blockchain are constantly being researched in the hopes of disrupting industries. One of these applications is that of tokenization – specifically, the tokenization of assets. Firstly, what is asset tokenization? Effectively, it is the taking of a physical asset and converting it into a digital medium which is represented as a token on the blockchain. Each token also contains the associated ownership rights of the asset. For example, a house worth R1 [...]

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Cecil Kilpin | April 2013 Newsletter

By |2016-10-21T09:01:24+02:00Apr 1st, 2013|Newsletter|

Tax Relief For Small Businesses: As you may be aware, in the 2013 budget speech, Minister Pravin Gordhan proposed that there would be further tax relief for small businesses, including an increase in the monetary tax thresholds applicable for small business corporations. There are specific criteria that apply for you to qualify as a small business, such as: all shareholders must be natural persons (individuals), and that the annual gross income must not exceed R20 million (up from R14 million). In addition, personal service providers are excluded and no more than 20% of gross income may come from investments or from rendering personal services. Shareholders are limited in respect of other business interests that they may hold. If your annual turnover is R1million or less, [...]

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