accountinginstincts

How we helped our client achieve a 100% improvement in current ratio

Time is money. Close up of hourglass with money coins

/*! elementor – v3.7.3 – 29-08-2022 */ .elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=”.svg”]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block} At the beginning of our engagement, the client had good turnover but had major issues with expense control function and cash flow management. Through various interventions, we oversaw a 100% improvement in current ratio from 2019 FYE to date and a 50% improvement […]

Summary of Tax Tables

top view of tax forms, digital devices and blue card with 'tax' word on desk

The Section 10(1)(o)(ii) exemption for foreign employment income of tax residents effective 1 March 2020 remains at R1,25 million. Withholding tax on interest from a RSA source payable to a non-resident is imposed at a flat rate of 15%.  This may be reduced in terms of Double Tax Treaties. The estate duty abatement (exempt threshold) remains at […]