MJ Minter Inc on 10/01/2020

Technology And Our New Normal – The Use Of APPS

The COVID-19 pandemic has accelerated digital disruption and led to significant, long-term market uncertainty. While this pandemic has forced many businesses to reduce or suspend operations, affecting their bottom line, it has helped to accelerate the development of several emerging technologies. This is especially true for innovations that reduce human-to-human contact, automate processes, and increase productivity amid at social distancing.

  MJ Minter Inc
MJ Minter Inc on 05/01/2020

Director's Role Amidst The Covid-19 Pandemic

The director’s role has without a doubt become more onerous amidst the Covid-19 pandemic. However, the Companies Act makes provision for operating in a virtual world, which includes, inter alia:

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MJ Minter Inc on 05/01/2020

Covid -19 – Level 3 Workplace Regulations

All persons who are able to work from home must do so. However, persons will be permitted to travel to and from work and for work purposes under Alert Level 3, subject to-

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MJ Minter Inc on 05/01/2020

Covid -19 Alert Level 3 Tourism Sector Measures

The past two months of lockdown have been difficult for the tourism sector. Many businesses in the sector are fighting for survival and projections showed that almost 600 000 jobs were at risk if the sector doesn’t come into operation by September 2020. This reality led to both government and private sector working together to be both innovative and putting protocol guidelines to get the sector back into operation.

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MJ Minter Inc on 03/01/2020

Remote Working

Transitioning your office to remote working conditions can be a challenge – in this article, we've rounded up 9 steps to help you make the move as quick and easy as possible.

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MJ Minter Inc on 10/01/2019

Developing a Strategy to Grow in The Short Term

South Africa has limited growth potential in the short term. While government gets its house in order, we need to make sure that, as business owners, we have the correct strategy in place to meet the challenges that face us. Real value lies in the process of putting the plan together. The act of planning helps you think things through thoroughly, and to critically re-assess your assumptions and ideas. A good strategy needs to be short, sharp and coherent, with a strong opening paragraph illustrating where you are going and how you aim to get there.

  MJ Minter Inc
MJ Minter Inc on 09/01/2019

Special Trust

Unlike conventional trusts, which are taxed at a flat rate of tax, a special trust is taxed on the same sliding scale applicable to natural persons. For tax purposes the following types of special trusts are recognised:

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MJ Minter Inc on 09/01/2019

Who Needs to do Estate Planning?

Many may think that they are not old enough or wealthy enough to warrant doing any estate planning. However, if a person is over the age of eighteen, no matter how small their estate is, it is advisable to begin the process. Where an estate planner is “at” in life, will determine your strategic plan for your estate, and which techniques to use in order to implement in the plan. An estate planner may be single, married, divorced, or separated. You may have minor children or adult children. You may be married for a second or third time, with children from previous marriages. You may own assets with a strong growth potential.

  MJ Minter Inc
MJ Minter Inc on 09/01/2019

Prescribed Investments for Pension Funds

Much has been publicised about the potential implementation of prescribed investments and resultant impact on investment returns. This policy was previously followed by the Nationalist Party but abolished in the late 1980’s.

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MJ Minter Inc on 08/01/2019

Is Your Business Sustainable?

Since the 1980’s there has been a global movement towards sustainability and sustainable development – as countries and governments have realised that economic development at the cost of destroying the planet’s natural resources and social equity does not lead to long-lasting prosperity.

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MJ Minter Inc on 07/01/2019

Business Rescue – Directors Responsibility

In the current economic climate, more and more companies are becoming financially distressed. Directors are duty bound to constantly monitor the company’s financial position, to determine whether voluntary business rescue proceedings need to be initiated. Failure to implement business rescue proceedings could result in the director being charged with reckless trading and be exposed to personal liability. It is incumbent upon directors to ensure that they place their companies into either business rescue or liquidation, or to cease trading, when the warning signs become evident. Directors should be aware of the practicalities of business rescue, and the duties and powers of the business rescue practitioner.

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MJ Minter Inc on 06/01/2019

Companies Amendment Bill

In 2018 the Department of Trade and Industry published a Companies Amendment Bill for public comment. There are a number of proposed amendments that affect small and medium enterprises (SME’s) and we will briefly outline a few of the potential implications below:

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MJ Minter Inc on 06/01/2019

Tax Season 2019

This year taxpayers who meet ALL the following criteria need NOT submit a tax return:

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MJ Minter Inc on 05/01/2019

Navigating change

There is one truth about change: It’s going to happen. Technology, consumer demand, globalization, competition, and the economy—all of these factors contribute to the need for every business to move with the times in order to survive. Companies that want to grow, have to change to remain viable and continue growing. That’s the very nature of growth—it brings about and demands change.

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MJ Minter Inc on 05/01/2019

Global Environmental Health

Recently released, the United Nations’ global assessment of environmental health is grim: biodiversity declining at an unprecedented rate, one million species at risk of extinction, human populations in jeopardy if the trajectory is not reversed.

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MJ Minter Inc on 05/01/2019

Carbon Tax – How does it affect your business?

With the imminent introduction of Carbon Tax, it is important to know how this will affect your business. While your business may not be directly affected by the tax, your suppliers may well have to pass on additional costs incurred as a result of it. So, let’s explore who and what will be subject to the tax.

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MJ Minter Inc on 04/01/2019

SARS Browser Compatibility Guidelines

A number of clients often have difficulty accessing SARS documents on the eFiling system. This is mainly due to incompatible browsers. The SARS eFiling website is optimally viewed in Internet Explorer (IE) versions 8+ browsers.

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MJ Minter Inc on 04/01/2019

How Do Tourists Spend Their Money?

Tourism is often promoted as one of the key sectors that will drive growth in South Africa. We take a look at an extract from a Stats SA article to get an idea of what tourists spend their money on:

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MJ Minter Inc on 04/01/2019

Business Brexit Checklist – Adapted from the UK Chambers of Commerce

The UK’s impending departure from the European Union will bring change for businesses of every size and sector. The UK is one of South Africa’s largest trading partners. While some companies are already planning for the challenges and opportunities ahead, all firms – not just those directly and immediately affected – should be undertaking a Brexit 'health check', and a broader test of existing business plans.

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MJ Minter Inc on 03/01/2019

Corporate Governance and The Prescribed Officer

Corporate governance is under scrutiny like never before in South Africa. While most people believe that it is only appointed directors of a company who can be held personally liable, the Companies Act provides for a wider definition and includes Prescribed Officers.

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