Newsletter | January 2016 Download print version
Index
Risk management
Implementing a BYOD Policy
Hashtags – Getting more exposure on social media
Engaging employees through listening
TAX NEWS
The end of section 6quin rebates
Prescription: The dangers of playing for time

Financial
management

Deadlines looming

Annual tax returns for provisional individual and trust tax payers
- 29 January 2016 -

Provisional tax returns
- 29 February 2016 -

2015 Year-end companies annual tax returns
- 29 February 2016 -

Chartered Accountants SA

1st Floor
Randpark Building
20 Dover Street
Randburg

PO Box 2444
Randburg
2125

Tel: +27 (0) 11 789-1011
Fax: +27 (0) 11 789-1012
Mail: info@wallrich.co.za
Web: www.wallrich.co.za

Dear Reader,

Happy new year! May 2016 bring you health and prosperity.

Welcome to our first newsletter for 2016. We trust that you will enjoy the content we compiled especially for you.

Take note of the deadlines for tax returns and remember to contact the Wallrich office to assist you with all you tax and finance related needs. We look forward to being of service to you in 2016.

Please feel free to contact us if you require further information on any of the topics covered.

Regards,

Rhoderic and Chrisna Roberts
Partners

Risk management

Regardless of the type of company that you manage or own, business risk is inherent. It is therefore imperative that it is identified and managed correctly. The best business managers see the risks and take precautions, and they also consider the relationship between risk and reward.

Businesses take risks all the time; for example launching a new product, entering a new market, or hiring a new team. Without a certain degree of risk, a business will stagnate and might be overtaken by its competitors.

When it comes to risk management, you should be clear on what your objectives are…

Read More

Implementing a BYOD Policy

Bring Your Own Device or ‘BYOD’ is a relatively recent trend that allows employees and employers to access company data and email through personal devices such as mobile phones, laptops and tablets. BYOD is frequently used by businesses as a way to increase work efficiency, reduce business cost and to increase enterprise mobility. However, if you want to utilise BYOD in your business you should have an appropriate policy in place.

What happens without a BYOD policy?

Read More

Hashtags – Getting more exposure on social media

Hashtags were first created by an early Twitter user as a way to keep up with new abbreviations and trending phrases. While they were originally implemented into the Twitter platform, hashtags can now be used across a wide variety of social media sites. The proliferation of hashtags is truly incredible. What began on Twitter has now spread to Facebook, Google+, Instagram, Google search, and almost everywhere in between.

In short, a hashtag is a word or phrase that is preceded by a number sign, in the form of #keyword. Hashtags are commonly a single word, something like #marketing, but sometimes they can be comprised of an entire phrase, like KitKat's #HaveABreak.

When you're using hashtags in your content, you're identifying the most important and popular keywords to highlight. Users are able to search through social media, both on individual platforms and on third-party websites which scan many different news streams, and find you or your message by the hashtags you've associated with it.

Read More

Engaging employees through listening

Engaging your employees is very important if you want to keep them on board. The traditional reward for good performance is a pay raise and while most employees would welcome this, managers need to give that little bit extra to particularly strong employees. Pay raises might boost performance for a period of time, but they don’t tend to generate sustained levels of engagement from your team.

Sometimes managers think that, because they aren’t hearing much from their employees, everything is fine. However, this generally
isn’t the case

Read More

TAX NEWS

The end of section 6quin rebates

The Taxation Laws Amendment Bill and the Tax Administration Laws Amendment Bill will soon be promulgated to become legislation that will impact taxpayers in 2016. One of the most important amendments contained in these documents is the deletion of the section 6quin rebate regime. This article provides an overview of this amendment and explores the impact of its deletion.

Read More

Prescription: The dangers of playing for time

An integral part of the administrative process to collect taxes, involves taxpayers being audited and the verification of information by the revenue authorities to ensure the accuracy of the assessed tax and the correct application of the laws in determining this tax. Taxpayers however require certainty and finality in respect of their tax affairs at some point. This finality is provided in the form of the prescription periods set out in section 99 of the Tax Administration Act (TAA). This article considers the provisions that currently provide taxpayers with such finality and also changes to these provisions for 2016.

Read More

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