Using supplier quotes when an open tender is required can lead to irregular expenditure. This guide explains the spending limits, how to spot split orders, and when exceptions are allowed.
Guide of the week
Homeowners in two Mpumalanga municipalities face additional fees for boreholes and off-grid electricity. Find out how these charges affect savings, property expenses, and clients' budgets.
The Presidency lost its clean audit after spending R1.7m on groceries without following tender rules. The Auditor-General found recurring problems with irregular government spending.
Former Bosasa COO Angelo Agrizzi has been ordered to pay R1.67bn plus interest for his involvement in the company's corruption scheme. Learn which warning signs to watch out for.
Latest news
SARS confirms that taxpayers can't use its dispute-resolution process for double-tax disputes involving Zambia, Malawi, Sierra Leone, or Grenada. Find out what options remain and how accountants can help affected clients.
SARS can charge up to R16,000 a month for outstanding tax returns. Find out how tax practitioners can stop further penalties, request remission, and correct clients' auto-assessments.
SARS will soon receive more information about overseas digital wallets, making it easier to detect undeclared income. Here's what accountants should check with their clients.
Regulator updates
Could you face criminal charges for processing suspicious payments? This guide explains when accountants can be held liable for money laundering, what the penalties are, and how to report suspected corruption.
Taxation
Free holidays, sponsored products, and brand deals can create unexpected tax bills for influencers. Learn how to spot six common tax mistakes, from undeclared income to incorrect expense claims.
When a foreign company deducts too much tax from your client's income, SARS won't credit the excess. Here's how to claim the correct rebate and help your client recover the extra tax.
South Africa’s 2026 Medium-Term Budget Policy Statement (MTBPS) signals cautious optimism, with stronger tax revenue, declining public debt, infrastructure investment and fiscal reforms. But will these commitments translate into economic growth, job creation and improved service delivery? We examine the key budget announcements, fiscal outlook and the critical shift from government spending to measurable economic results.
Ethics
Listen to an insightful discussion on the latest legal developments in South Africa's fight against corruption.
Edward James, Corporate Crime Risk Lead for Africa at Pinsent Masons, will shed light on the newly introduced ‘failure to prevent' corruption offence in South Africa.
In the wake of the Judicial Matters Amendment Act, businesses in South Africa are facing a pivotal moment in their anti-corruption efforts.
Listen to the impactful discussion on the upcoming Moore Opportunity Vacation Experience (MOVE) with Dillen Breitenbach of Accounting Warriors!
On 22 April 2024, CIBA CEO MBA Nicolaas van Wyk hosted Dillen to unpack this exciting program from Moore.
Key highlights:
The Effectiveness of Linkedin as a learning platform
Eligibility criteria for university students
Experiences from boardroom and practical sessions
Benefits of networking
Understanding Moore's entrepreneurial culture
Tips on making your MOVE application stand out
Listen to the insightful conversation with industry leader Mark Silberman, Director of Accfin Software, on Accounting Weekly's channels!
CIBA CEO, Mr. Nicolaas van Wyk, sat down with Mark to discuss:
Cutting-edge accounting software solutions
Innovations driving the future of the profession
Compliance & Risk Aversion in modern practices
Company law & secretarial best practices
List to an engaging live podcast interview with Telita Snyckers, former SARS lawyer and acclaimed author.
On 12 April 2024 , CIBA CEO MBA Nicolaas van Wyk hosted Telita Snyckers to explore the intriguing worlds of tax administration and the tobacco industry.
Key Topics:
Dirty Tobacco: Unraveling the secrets behind tobacco smuggling
Criminal Investigations: Exploring their strategic value in tax administration
Insights from Telita's groundbreaking book and extensive experience
Liste to an insightful interview with Professor Steven Firer CEO at FirerForensics
On 12 April 2024 , CIBA CEO MBA Nicolaas van Wyk hosted Professor Steven Firer where they delve into a thought-provoking discussion on the latest trends and challenges in the accounting profession.
CIBA CEO, Nicolaas van Wyk, sat down with Brian Kazungu, a seasoned professional in media, literature, and business development in an exclusive interview on 12 April 2024.
Brian shared his expertise and perspectives on literature, media trends, and modern business approaches.
With his interdisciplinary expertise and unique blend of academic knowledge and practical experience, Brian delivered a dynamic discussion that inspires and informs.
Listen to an insightful discussion on tax dispute resolution with Nico Theron, Founder of Unicus Tax Specialists SA and Chartered Tax Advisor (SA).
Dive deep into Tax Dispute Resolution Calculators and discover their potential:
Determine due dates effortlessly.
Track days lapsed with precision.
Gain access to Tax Dispute Templates for smoother proceedings.
Navigate through Tax Dispute Flowcharts to strategize your next move effectively.
Tune in to an inspiring discussion on the evolution of accounting and fintech with Mariska Fernhout, Financial Director of DataGrows.
CIBA CEO Nicolaas van Wyk hosted Mariska to explore her journey from a BCom student to co-founding a successful fintech company.
Key highlights:
The journey from BCom accounting to fintech innovation
How DataGrows is transforming practice management for accountants
The importance of staying close to clients and adapting services
Overcoming challenges in the accounting profession with technology
Insights on the South African fintech landscape
Tips for aspiring accountants on navigating career paths and seizing opportunities