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September 2022

The Accounting Profession – A Heritage Under Siege?

A question that frequents discussions among professionals nowadays, however, is whether the accountancy profession will, once more, be able to successfully navigate its survival route through the more recent onslaughts against it? Anton van Wyk shines a search-light on the profession which, of necessity, constantly evolves. Competency, ethics, and accountability are paramount in order to engender trust in the future.

SARS Decommissions the IT14SD Supplementary Declaration

In October 2011, the Supplementary Declaration (IT14SD) form was introduced by the South African Revenue Service (“SARS”) as a method to increase the analysis of company’s income tax, Value-Added tax (“VAT”), Pay-As-You-Earn (“PAYE”) and Customs information to ensure that they receive what they are legally due. Dau-Ming Ho elaborates further.