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Cecil Kilpin | June 2022 Newsletter

By |2022-06-10T11:47:27+02:00Jun 9th, 2022|Business, Environmental, Finance + Economics, Goverment, Newsletter, Tax|

Environmental, Social and Governance (ESG) versus Friedman Doctrine and the SME The Friedman doctrine is a theory advanced by economist Milton Friedman which holds that the social responsibility of a business is to increase its profits. This approach views shareholders as the economic engine of the organization and the only group to which the firm is socially responsible. decide such matters for them. The Friedman doctrine has been very influential in the corporate world. The World Economic Forum, on the other hand is a staunch supporter of ESG which in its simplest form promotes that a corporation exists for benefit of all stakeholders. Stakeholders is a broad term, but from a corporation’s perspective this would include inter alia [...]

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Cecil Kilpin | February 2021 Newsletter

By |2022-01-20T11:33:18+02:00Mar 1st, 2021|Business, Finance + Economics, Goverment, Newsletter, Tax|

Tax Guide for 2021 / 2022 Click the PDF icon or the button below to view & download our latest Tax Guide. Any of the five partners can be contacted regarding your specific tax requirements. In addition we have tax consultants and tax compliance officers specifically equipped to deal with tax matters. Download Tax Guide Ensuring an Affordable Public-Service Wage Bill The sustainability of the public finances will depend heavily on government’s ability to reduce growth in the public-service wage bill. Compensation accounted for about 34 per cent of consolidated spending in 2019/20. Between 2006/07 and 2019/20, compensation was one of the fastest-growing spending items, increasing faster than GDP growth. As outlined in previous editions [...]

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Cecil Kilpin | February 2020 Newsletter

By |2022-01-20T13:11:50+02:00Feb 27th, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax|

Tax Guide 2020/ 2021: We have recently released our Tax Guide for 2020/ 21 - Download it here. Download 2020 Budget Review “The Aloe Ferox survives and thrives when times are tough. It actually prefers less water. It wins even when it seems the odds are against it. “ Tito Mboweni In a surprise move Minister Mboweni made no dramatic tax proposals to balance the books. In fact a number of proposals will actually reduce personal income tax, and, in the longer term, corporate taxes could be reduced. The budget highlights are as follows: Personal Income Tax: Relief through an above inflation increase in the brackets and rebates Medical Tax Credits: Increase in medical credits Foreign Remuneration Exemption: Exemption will be limited to R1.25m from [...]

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Cecil Kilpin | February 2017 Newsletter

By |2022-01-21T11:43:57+02:00Feb 14th, 2017|Business, Newsletter, Tax|

National Budget Day, 22nd February 2017 The Treasury recently confirmed that Finance Minister Pravin Gordhan will present South Africa’s National Budget to Parliament on Wednesday, 22nd February 2017. South Africa’s slower economy last year resulted in tax revenues falling well short of expectations, and this shortfall must now be dealt with.  To ‘balance the books’, government spending will have to be cut even more, and taxes will have to be raised. In October 2016, it was proposed in the medium-term budget policy statement (MTBPS) that a further R26-billion in reductions to the public expenditure ceiling would have to be implemented over the next two years.  New tax measures amounting to R13-billion in the 2017-2018 financial year were proposed. Combined with the higher taxes announced in [...]

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