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Cecil Kilpin | May 2020 Newsletter

By |2022-01-20T12:28:32+02:00May 30th, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax|

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 of an electronic signature or an advanced electronic signature. Proxy forms, annual financial statements, prospectuses and annual reports may be lawfully created, signed, retained and sent electronically Meetings of shareholders and directors respectively may be conducted entirely by electronic communication The definition of “present at a meeting” includes a “virtual presence” or representation by electronic proxy   Directors and officers are required to be cognisant of corporate legislation pertaining to their office, and [...]

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Cecil Kilpin | March 2017 Newsletter

By |2022-01-21T11:38:23+02:00February 28th, 2017|Accounting, Newsletter, Tax|

2017 Budget Speech – Highlights Finance Minister, Pravin Gordhan, began his 2017 budget speech by emphasizing the harsh reality facing South Africans:  unemployment is extremely high, economic growth is slow, and many businesses and families are under considerable stress. In an effort to address this challenging situation, the tax proposals this year are expected to raise an additional R28 billion.  The central thrust of government’s spending programmes will continue to be redistribution in support of education, health services and municipal functions in rural areas. Some of the main tax proposals outlined in the budget were as follows: A new top personal income tax rate of 45 % for those with taxable incomes above R1.5 million, combined with partial relief for bracket creep An increase in [...]

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