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Big 4 accounting firms on defensive over Hong Kong protest support

CNN: The world’s “Big 4” accounting firms are distancing themselves from a newspaper advertisement in which people claiming to be their employees expressed support for protesters in Hong Kong. Deloitte, EY, KPMG and PwC said the advertisement, which was published in...

Tax filing season: Beware of phishing scams

“Tax season is phishing season, and cybercriminals are preying on unsuspecting taxpayers through a range of sophisticated phishing techniques that could put their personal and financial information at risk.” This according to Brian Pinnock, cybersecurity expert at...

New accounting charter on its way after professional bodies intervene

A new BEE Charter for the accounting profession is on its way after objections were raised to the CA Charter, which was an attempt to further entrench the monopoly on accounting privileges enjoyed by the SA Institute of Chartered Accountants. SA Institute of Business...

HOW UNDERSTANDING YOUR COMPANY’S PI SCORE COULD SAVE YOU MONEY

You are here: Calculating a company’s Public Interest Score (PI score) should be a two-minute exercise for any SME company. The term has however managed to intimidate and confuse many small business owners. We’d love to shed some light on the topic and summarise what...

Calling all Business Accountants in Practice

Are you interested in employing students that are work ready? SAIBA has 50 students that are currently completing their work readiness programme funded by Fasset and who will be ready to fill posts from mid September. These students have practical work experience as...

Osidon – welcome to the world’s first digital accountant

The world’s first digital accountant was born in South Africa and is about to jump the water to the UK and US. The company is called Osidon and was founded just over two and a half years ago by serial entrepreneur Hennie Ferreira and his wife, Melissa. Hennie and...

Supporting SA’s women in business

The Mastercard Index of Women Entrepreneurs report revealed that in South Africa women in early-stage entrepreneurial activity dropped by 15.7% in 2018. This essentially means that only 18.8% of business owners are female in the country, compared to 46.4% in Ghana,...

Sars addresses complaints over Payroll Taxes Statement of Account

Sars has introduced changes to the Payroll Taxes Statement of Account (SOA) in an attempt to address complaints received from employers about errors occurring on the SOA. The SOA shows the balance and detailed transactions for a tax year for Pay-As-You-Earn (PAYE),...

Notice to companies and close corporation (Notice 45 of 2019)

The Companies and Intellectual Property Commission (CIPC) has commenced with the notification process in terms of Companies Regulation 40, 2011 for companies and close corporations referred for deregistration due to non-compliance with Annual Returns. Notice 45 of...

Paul O’Sullivan takes on toxic leaders

Toxic leadership has brought Eskom and other public sector organisations to the brink of collapse. Should Eskom fail, it would be bigger than the failure of US energy company Enron nearly 20 years ago, said forensic investigator Paul O’Sullivan, speaking at a CFO...

Toxic Leaders: how to spot and deal with them

South Africa Inc is going through a crisis of confidence. Some of our largest companies have seen billions lost to what seems now to be bully CEOs. Toxic leaders can devastate any successful business and have ruined many careers.  Crime investigator Paul O’Sullivan...

SAIBA made a difference! #MandelaDay

Nicolaas van Wyk SAIBA CEO spending time with some of the kids from Tshephang care center  SAIBA is all about making a difference and we are very proud to say our members helped us make that difference this year. We identified a child care home in Tembisa that needed...

Mandela Day: Come and join SAIBA in our #ActionAgainstPoverty

SAIBA is all about making a difference and we would like you to help us make that difference. No matter how small your action, Mandela Day is about changing the world for the better, just as Nelson Mandela did every day. What are you doing to make the world a better...

The CA Charter is all but dead – next is to break Saica’s hold on universities

A week ago, we lodged our objections to the proposed Chartered Accountants (CA) Charter and the response has been huge and positive. Even CAs are quietly encouraged by our robust response to this outrageous attempt to entrench Saica’s self-assigned role as the voice...

Notice 36 of 2019

Decrease of Co-operative registration fee and amendment of constitution in terms of the amended Co-ops Act (No. 6 of 2013) Notice is hereby given that as from the 1st of July 2019 the registration fee will decrease to...

Notice 42 of 2019

Reason(s) for removal of director by the shareholders in the notice meeting Reason(s) for removal of director by the shareholders in the notice...

Why is the government promoting CAs to the detriment of the accounting profession?

By Nicolaas van Wyk, CEO of the SA Institute of Business Accountants (Saiba) The CA “profession” is now officially recognised as the voice of the accounting sector. If you’re an accountant and not a CA you should be outraged. No prizes for guessing who drafted this...

ETHICS

INTRODUCING IESBA’S NEW INNOVATIVE PRODUCT On June 26th 2019, the International Ethics Standards Board for Accountants® (IESBA®) will launch its eCode - an innovative digital product that offers professional accountants a new way to engage with the International Code...

Don’t speak ill of your employer in public – it may get you fired

Webber Wentzel reports of a recent case where three workers were fired after making disparaging remarks about their employer on public radio. The Labour Court recently upheld the CCMA’s fiding in the case (Ndzimande and Others v Didben N.O and Others (JR 1404/14)...