January 11, 2022

Welkom by 2022!

‘n Voorspoedige 2022 word vir al ons T Roos & Kie kliënte en personeel toegewens! Mag julle elkeen ‘n jaar van onvoorwaardelike liefde, nimmereindigende vrede en  tonne voorspoed en geluk geniet. Mag julle elke dag God se droom vir julle lewe uitleef. ‘n Vriendelike verwelkoming aan al ons personeel, ons vertrou julle het die feestyd geniet en lekker uitgerus. ‘n Vriendelike verwelkoming ook  aan die nuwe personeel wat by ons T Roos “familie” aangesluit het, ons weet julle gaan dit baie geniet hier en vertrou dat julle ‘n aanwins tot die praktyk sal wees. This article is a general information […]
January 11, 2022

Business-to-business agreements: The questions you need to ask

Your business success relies on your interaction with clients/customers and other businesses. Your profit is directly proportional to the behaviour of these external role-players. Dealing with individual clients/customers does come with some risk – especially if you offer a line of credit. However, your agreements with other businesses, in which greater risk and sums are applicable, you cannot afford to take a wrong step and jeopardise your own position and growth. For this reason, the way you approach your agreements with other businesses should be done with much forethought and consideration. These are some of the things to consider in your business-to-business agreements: When does the agreement start and end? It may sound […]
January 11, 2022

Why your business should place an emphasis on building relationships

Every business in the world sells something. They sell goods or services in order to address a need or desire of a consumer, and to achieve a profit in the process (at the very least only to ensure its sustainability). Before the introduction of many modern technologies (the internet specifically), focussing solely on quality goods or services in order to make profit was the common thing to do. Business owners could often hard sell their goods/services without much thought about the long-term impact it would have – especially if they had a local monopoly on the goods/services they provided. Ever since the advent of the internet and parallel advancements in global infrastructure, focussing solely on making the buck without […]
December 9, 2021

Why It’s time for your business to go green

As the risks of climate change become more intense and prevalent in today’s world, businesses are feeling the pressure to adapt and rethink their business models, making sure they align with the needs of clients, employees, as well as the environment. The Main Advantages of a Green Office Why should you invest in a greener business? Well, the benefits to implementing more sustainable practices are numerous. For instance, you will be cutting down on a ton of unnecessary costs around the office, as sustainability is aimed at energy optimisation and a conscious use of natural resources. In other words, you […]
December 9, 2021

Who qualifies for a special trust and how is it taxed?

Unlike “conventional trusts” that are taxed at a flat tax rate, a special trust is taxed on the same sliding scale applicable to natural persons. The Income Tax Act provides for two types of special trusts: a so-called type-A and type-B trust. In essence, a type-A trust is created for a person (or persons) having a disability, while a type-B trust is created on a testator’s death and can exist only while it has a minor as a beneficiary. The distinction between a type-A trust and a type-B trust is vital because a type-A trust qualifies for specific relief from […]
December 9, 2021

The ups and downs of property co-ownership

Property ownership is no small feat. It is one of the most reliable forms of investment and one of the biggest items that most people have on their financial “to-do” lists. Unfortunately, it is not always an easily achievable goal. Property ownership has always been a costly endeavour, and in recent years the age of first-time homeowners has been steadily increasing as younger professionals find their financial footing later than in previous years, making the one option that helps property buyers side-step the financial burden is co-ownership. But how beneficial is this path really? Co-ownership is when one or more […]
November 15, 2021

Preparing your budget for your dream home

Purchasing a new home is undoubtedly an exciting decision, but it is also an extremely emotional one. A home is where family traditions are brought to life and where lifelong memories are made. However, in addition to the immense pride that comes with having a place to call your own, comes the heavy costs that tend to come along with purchasing your new place, which you may not even be aware of. When purchasing property, it is important to look beyond just the purchase price – there are a number of other costs that should be included into your budget […]
November 15, 2021

The importance of an objective and experienced executor

The nomination of an executor is an important aspect of a Last Will and Testament. An executor is nominated in a Last Will and Testament and, upon death, he or she administers and distributes the estate in accordance with the testamentary wishes of the deceased. Importantly, although a person can nominate an executor, the executor is appointed by the Master of the High Court through the issuing of Letters of Executorship. The executor is responsible for, amongst other things, interpreting the Last Will and Testament, collecting information on all the assets and liabilities of the deceased, and distributing inheritances to beneficiaries in accordance with the Last Will and Testament. Although it is possible to appoint a family member as executor, it should be kept in mind that, not […]
November 15, 2021

Marriage may finally become equal for all

Being a person’s spouse could have varying tax consequences, particularly where they are married in community of property. Currently, for income tax purposes, you are deemed to be a person’s spouse in the following instances: (a)  A person who is in a marriage or customary union recognised in terms of the laws of the Republic;  (b)  A person who is in a union recognised as a marriage in accordance with the tenets of any religion; or  (c)  A person who is in a same-sex or heterosexual union which is intended to be permanent…” In May this year, Government published a Green Paper on marriage […]
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