Newsletter | November 2015 Download print version
Embracing diversity
Creating a healthy
Some customers
are more equal than
Tax perspectives on


Deadlines looming

End of electronic income tax submissions at SARS branch (non-provisional)
– 27 November 2015 –

End of eFiling income tax submissions (non-provisional)
– 27 November 2015 –

End of eFiling Provisional taxpayers tax submissions
– 29 January 2016 –

Chartered Accountants SA

1st Floor
Randpark Building
20 Dover Street

PO Box 2444

Tel: +27 (0) 11 789-1011
Fax: +27 (0) 11 789-1012

Dear Reader,

We trust that you will enjoy our last newsletter for 2015. Thank you for your continued support during the year.

The Wallrich and Lloyd Viljoen South offices will be closed from
16 December 2015 and will re-open on 6 January 2016.

Please remember to contact us for all your tax, financial and budget planning needs.

We would like to take the opportunity to congratulate Tumelo Mosuwe on completing his articles at Lloyd Viljoen. We thank him for his hard work and wish him the very best in his future endeavors. We trust that he will be an asset to any employer. If you are in need of a well-trained accountant, please contact us for a reference.

On behalf of all the staff at Lloyd Viljoen and Wallrich, we wish you a happy festive season and prosperous new year. We look forward to being of service to you in 2016.

Keep in mind that we are here to assist you should you need us. Please feel free to contact us if you require further information on any of the topics covered.

Have a blessed festive season.


Rhoderic and Chrisna Roberts

Embracing diversity

Diversity is an economic and legal priority in business. It increases the bottom line, encourages innovation and steers businesses away from legal issues. Business owners, managers and employees at every level need to find ways to embrace and respect diversity in their departments and across the entire business. The quote by Malcom Forbes rings true: “Diversity: the art of thinking independently together.” Here are a few top tips about embracing diversity in the workplace.

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Creating a healthy workplace

We all know how important the work environment is in terms of productivity, creativity and job satisfaction. All businesses strive, or should strive, to achieve a healthy work environment for their employees. However, what constitutes a healthy work environment? Is it literal health, psychological health or supplying the means to get healthy? We share with you a few ideas to help you create a healthy work environment.

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Some customers are more equal than others

All customers are important. However, when it comes to making money; your best customers are always going to be the ones who buy the most from you. It is not always easy to identify which customers you should focus on. Follow these guidelines to successfully segment your customers.

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Google ChromeBook

A Chromebook is a cost-effective laptop that is both odd and brilliant, low-impact and powerful. It runs Google's Chrome OS as its operating system instead of Windows. Chromebooks are designed to be used primarily while connected to the internet, with most applications and data residing in the cloud. They are not designed to be full featured laptops, such as Windows or Apple machines.

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Tax perspectives on valuations

Accountants and business people often view valuations as something fuzzy, or where one can to a large extent decide what the value should be within some boundaries of reasonability. In commercial transactions where values are negotiated between the parties to an agreement, the value is generally kept in check by such negotiations, as each party aims to achieve the best possible outcome for himself. If no counterparty is involved and the value becomes hypothetical (for example, when the value is required for tax or accounting purposes) a perception of freedom in estimating such a value may exist. In a tax context, the recent judgment in Commissioner for the South African Revenue Service (SARS) vs Stepney Investments show that this is not the case. This article reviews the highlights of the judgment and thereafter considers certain other instances in the Income Tax Act (Act) where taxpayers are required to perform valuations.

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