Smart Approaches to Trading Stock Valuation
GAAP / IFRS determines the accounting treatment, with tax largely following suit. Valuing your trading stock, also known as inventory, is a critical aspect of financial accounting and business management—not to mention tax compliance. Accurate valuation of inventory ensures that a company’s financial statements present a true and fair view of its financial position, directly […]
How Market Dislocation Benefits Active Investors
This isn’t just another market cycle; it’s a structural shake-up. I think it’s safe to say that there’s no modern precedent for the current level of global disruption. The pace of change, from retaliatory tariffs to shifting alliances and conflicting official statements, has been unrelenting. Market volatility has returned, coming in sustained waves across asset […]
Section 12J Investments: The Numbers Don’t Lie…
No hype, just solid numbers outlining the impact of the tax breaks on your investment returns when using a Section 12J vehicle. Jerry Maguire (portrayed by Tom Cruise) will go down in film history for his memorable quote when he shouted, “Show me the money!” However, while I’m unlikely to achieve anywhere near a similar […]
The Impact of Recent Companies Act Amendments on Audit and Review Requirements for Close Corporations
Under the amended legislative framework, members of a close corporation are now required to prepare annual financial statements (AFS) within six months after the financial year-end. This timeline was shortened from the previous nine-month period due to the incorporation of relevant provisions from the Companies Act into the Close Corporations Act 69 of 1984. Section […]
Common Tactics Fraudsters Use in Insurance
Insurance fraud costs the global economy billions annually, and South Africa has not been immune to this issue. In fact, in 2024 alone, South Africa’s insurance industry lost an estimated R8 billion due to fraudulent claims, according to the South African Insurance Crime Bureau (SAICB). Understanding the red flags associated with insurance fraud, and staying […]
