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Will the COVID-19 crisis close the wage gap? 

Will the COVID-19 crisis close the wage gap? 

Internationally, there is a growing trend to reduce executive pay in response to the current COVID-19 crisis. …

Finance
What compensation can you get if you contract Corona Virus at work? 

What compensation can you get if you contract Corona Virus at work? 

On 23 March 2020, the Compensation Commissioner published, by way of Government Gazette, a ‘Notice on Compensation for Occupational-Acquired Novel Corona Virus Diseases (COVID-19).  The Notice came into effect on 23 March 2020.  …

Finance
South Africa lockdown – assistance to small businesses and employees through tax system

South Africa lockdown – assistance to small businesses and employees through tax system

On 23 March 2020, President Cyril Ramaphosa announced that South Africa would go into 21-day national lockdown, from midnight, Thursday 26 March 2020 to midnight, 16 April 2020.   …

Finance
Cost of Human Resources: Additional expenses to the company and how to handle them

Cost of Human Resources: Additional expenses to the company and how to handle them

Every company out there needs a capable HR team. Why? Well, because their performance is determined by the performance of their staff, which is directly affected by how well they are managed by HR. Sure,…

Finance
National Treasury takes a view on financial emigration – South Africa bleeding skills

National Treasury takes a view on financial emigration – South Africa bleeding skills

Not surprisingly, there has been an outflow of South Africans in recent years for various reasons, a top reason being the punitive “expat tax” regime promulgated in December 2017, and effective 1 March 2020. …

Finance
Saving for the future of your people

Saving for the future of your people

Offering a retirement fund to your employees may not be mandatory, but it positions you as a people-centric company. …

Finance
SARS reimagined: Is your payroll in danger?

SARS reimagined: Is your payroll in danger?

On 1 February 2020, the South African Revenue Service (SARS) released an exciting media statement, indicating that the revenue authority has embarked on a journey to reinvent SARS. …

Finance
#Budget2020: Loadshedding, downgrades and tax hikes!

#Budget2020: Loadshedding, downgrades and tax hikes!

On 26 February 2020, Finance Minister Tito Mboweni will deliver what may be one of the most important South African budget speeches of the past 20 years. …

Finance
Understanding your pay slip

Understanding your pay slip

SAPA often receives queries about pay slips. Many times, these queries stem from employees not understanding how their salaries and wages are structured, as well as uncertainty about salary codes. …

Finance
SARS declares war on non-compliance

SARS declares war on non-compliance

SARS Commissioner, Edward Kieswetter, has used the South African Institute of Tax Professionals’ Tax Indaba as a platform to fire a shot across the bow, letting taxpayers know that non-compliance will be met with the…