Entries by Natascha Drechsel

IFRS 9: Financial Instruments – Restatement of Comparative Periods

The International Accounting Standards Board (IASB) have introduced a new accounting standard IFRS 9: Financial Instruments to replace IAS 39: Financial Instruments Recognition and Measurement. The standard is effective for annual periods beginning on or after 1 January 2018. The following are the principles behind the restatement of financial statements after adopting IFRS 9.
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October 2018 edition

In this Issue Get the Most Out of Your Audit While Saving Cost Importing From Amazon: You Could Be Forced to Register as an Importer Directors Beware! You Could Be Held Personally Liable For Data Breaches Surviving a Business Crisis: Consider Your Turnaround Options Will the 21st Century Really Be Africa’s Time to Flourish? Your […]

Your tax deadlines for October

The due date for non-provisional taxpayers who submit their income tax via eFiling or electronically at a SARS branch is 31 October. Time is running out and SARS is cracking down on late lodgements and failure to submit returns. The penalty amount that will be charged for late lodgement depends on your taxable income and, […]