123-Admin

February 14, 2019

Merger announcement

The Executive Teams of 1.2.3. Consulting, Brincon, Wolfe-Coote and Xstream Accounting are delighted to announce the merger of our firms. The merger is an exciting growth […]
January 23, 2019

THE PUBLIC AUDIT AMENDMENT ACT: GROUNDBREAKING FOR SOUTH AFRICA IF PROPERLY IMPLEMENTED

Introduction On 21 November 2018, the 2017/2018 consolidated national and provincial audit outcomes report was released, which indicated a discouraging fourth consecutive year of regressive compliance […]
January 23, 2019

CIT RETURNS AND PENALTIES

In general, all registered companies must submit corporate income tax (“CIT”) returns within 12 months of the end of the company’s financial year-end. This is applicable […]
January 23, 2019

SIMULATION

In addition to specific anti-avoidance provisions and the general anti-avoidance provisions (GAAR) in the Income Tax Act,[1] the South African Revenue Service can apply another established […]