Accounting weekly

Law

8 Ways for Accountants to Minimize Legal Risks

The pandemic disrupted business as usual, and for accounting professionals, this has meant heightened concerns about liability insurance. How can you protect yourself in the face of shifting clientele and constantly changing tax laws?  Read the full article here.

Are ‘cannabis clubs’ legal?  

‘Cannabis clubs’ for private use are proliferating across the country as the rules around cannabis remain in a form of limbo. Read the full article here.

The regulation of South Africa’s green gold

by Shaad Vayej and André de Lange, CDH According to the Africa Cannabis Report – March 2019, compiled by international research group Prohibition Partners, Africa’s climate, affordable land and low-cost labour offer enormous opportunities in a market that could exceed $US7.1 billion by 2023. The Department of Trade and Industry and the Agricultural Research Council have projected that the …

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Transfer pricing themes for 2022: transparency, technology and controversy

From Graphene Economics The 2021 Graphene Economics report on cross-border tax in Africa explores key trends for transfer pricing professionals and revenue authorities on the continent for 2022 and beyond. Like many other aspects of life, cross-border transactions (and therefore taxation) have been affected by issues like COVID-19 supply chain disruptions and rapid digitisation. Beyond …

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Accountants, lawmakers, urge rules on crypto accounting

The widespread investment in cryptocurrency among companies calls out for lawmakers to set standards for public, private companies and nonprofits. A plea to set guidelines and standards for accountants to apply has been sent out. Read more here.

5 new notices from the CIPC

Here is a list📜 of notices from the Companies Intellectual Property Commission:1️⃣Notice 39 of 2021: Compliance with Regulation 292️⃣Notice 42 of 2021: Temporary change in submission requirements for changes to company MOI (FORM COR15.2)3️⃣Notice 43 of 2021: External Company Registration (FORM COR20.1) To read more and know what this means for you and your practice, …

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Proposed amendments to the companies act highlights the importance of independent accounting professionals

Proposed amendments to the Companies Act highlights the importance of Independent Accounting Professionals. Companies with a PIS score of less than 100 and internally compiled financial statements, and Companies with a PIS score of less than 350 and independently compiled financial statements, are exempt from new onerous reporting transparency requirements as proposed in the Bill. …

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Accountants: Heroes or Villains?

Some accountants seem to be using their skills to promote tax evasion. Is this a systemic problem or just bad apples? Read more.