3 Apr 2012

Legal

 

Look forward to taxing times

For those of you who don't believe it's possible to get blood out of a stone, your friendly taxman has a plan...

Not only has SARS proudly announced that tax collection has increased, but to cheer us all up, the government department we all love is going to tighten its tax collection laws. Apparently the aim is to target wealthy individuals who SARS reckons are costing the country millions of rands every year through tax evasion.

Still on the finance front, Amy Johnson shows you four ways to keep up with payroll and tax law so you don't fall foul of the above-mentioned.

About your mobile phone... Fred Mitchell writes that while the only thing men will boast about as having the smallest has revolutionised the way we work and communicate, it has also become a new avenue for cybercriminals to relieve you of your cash before the taxman does. So beware...viruses are now also infecting mobile devices.

On a much happier note, for those few remaining with money to spare after a round of price increases, our tame motoring editor, Henrie Geyser, has just the vehicle to which you can attach your e-tag. It's the new Mercedes B-Class, which Henrie gives an A for being cute, cool, and connected - rather like Henrie himself, then.

Rod Baker, general manager: content

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Editorial news

Legal


Bill would hinder fight against graft
According to the Cape Argus, during public hearings that started in Parliament, civil society, legal and media bodies argued that if the Protection of State Information Bill is passed in its present form, the fight against corruption will become insurmountable, whistleblowers and journalists would face unjust jail sentences, and the poor will have less chance of access to the services to which they are entitled. Read more >>

Commercial Law


Four ways to keep up with payroll and tax law
[Amy Johnson] For any business with multiple employees, payroll management is an aspect that requires scrupulous attention to detail. No other business function has as adverse an impact on employee job satisfaction and overall business expense as the incorrect handling of payroll. This is why many businesses choose to make use of sophisticated payroll software solutions or to outsource their payroll management entirely. Read more >>

SAMRO announces changes in executive team
The Southern African Music Rights Organisation (SAMRO) has announced a number of key appointments to boost its strategic repositioning as a copyright asset management and services organisation. Read more >>

Labour Law


Busa 'unable to endorse' labour law amendments
Business Unity South Africa (Busa) said in a statement that it supports the need to protect vulnerable workers but is unable to endorse the labour amendment bills being placed before Parliament, given the extensive areas of disagreement and their impact on job creation, business and the economy. Read more >>

Amendment to act will require balloting by unions
The proposed amendment of section 64 of the Labour Relations Act (LRA), re-introduces the requirement of a union to conduct a ballot before commencing with a strike. Balloting requirements were contained in the repealed Labour Relations Act, 28 of 1956, but these requirements were not retained in the Labour Relations Act, No 66 of 1995 (the current LRA). Read more >>

Granting minority trade unions majority rights
[Johan Botes and Lara Thomas] The proposed amendments to s21 of the Labour Relations Act, No 66 of 1995 (LRA) bring about two fundamental changes in determining whether or not a registered trade union is "a representative trade union", which materially affects the granting of the rights contained in s12 to s16 of the LRA. Read more >>

Non-compliance leads to wage strike
The minimum wage model being applied to clothing and textile workers is out of step with the realities of the industry and Business Day reports that this is the main reason why few of the companies are complying with its requirements. Read more >>

Law Practice


Mid-sized SA law firms well-positioned for growth
Mid-sized law firms are well positioned to grow in South Africa's current, cost-sensitive business environment because their lower overhead costs and less complex structures allow them to offer the same high-quality, specialist legal services as larger firms, but at reduced fees. Read more >>

Students awarded advanced certificate in ADR
The Advanced Certificate in Alternative Dispute Resolution (ADR) was recently awarded to 34 students at an awards ceremony which took place at the Arbitration Foundation of Southern Africa (AFSA) in Sandton. Of the 34 students who received this sought after certificate, 13 passed cum laude. The top achiever was advocate Roelien van der Walt from the Pretoria Bar. Read more >>


International
MTN sued for US$4bn over Iran contract
Turkish cellphone operator Turkcell has filed a US$4.2bn (R32.45bn) lawsuit in a US court against MTN over alleged corruption in a deal in Iran, the companies said yesterday. Read more >>

Chapter 11 bankruptcy: How it works
This article refers to Chapter 11 bankruptcy in the US, but the information and guidance it contains can be applied in any country, anywhere... Bankruptcy is bankruptcy - the trick is to avoid it in the first place, or, if you cannot, then take those actions that will ameliorate its affects as far as possible; hence, this article... Read more >>

More International...


Government
SARS to tighten tax collection laws
The South African Revenue Service has vowed to enhance its tax collection laws in a renewed bid to target wealthy individuals who are said to be costing the country millions of rands every year through tax evasion. Read more >>

Crackdown on illegal liquor sales
Western Cape will clamp down on illegal liquor sales, says finance, economic development and tourism MEC Alan Winde. Read more >>

More Government news...


Travel
Motorists warned ahead of Easter break
Transport Minister Sibusiso Ndebele has once again called on road users to exercise extra caution on the country's roads, as traffic volumes are expected to increase from today ahead of the Easter holidays. Read more >>

More Travel news...


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