Notice Accountants should be aware of Excel’s new Dynamic Array functions that enable you to work with multiple values at the same time in a formula. Dynamic Arrays and the new functions are only available Excel 365 and Excel 2021 Information and Implications The Dynamic Array functions will improve the ability to sort and find …
Notice Anyone who uses the Text to Column function in Microsoft Excel should take note of the new “Text Extract” functions. Information and Implications Accountants should be aware of the new text manipulation functions improve efficiency when working in excel worksheets. These functions include:TEXTSPLITTEXTBEFORETEXTAFTERVSTACKHSTACKTOROWTOCOLWRAROWSWRAPCOLSTAKEDROPCHOOSEROWSCHOOSECOLSEXPAND Context for the beginner When working with text, a common task …
New Excel Text and Array functions improvement on Text to Column function Read More »
Notice Following a proclamation notice on 14 January 2022, President Cyril Ramaphosa has declared 1 February 2022 as the date that the Property Practitioners Act 22 of 2019 (PPA) will come into operation. Find the proclamation notice Here: Information and Implications Accountants should consider a change in accounting policy for the recognition of revenue by property …
Reminder: Commencement of the Property Practitioners Act 22 of 2019 Read More »
Notice The Department of Employment and Labour: Limpopo Province’s Unemployment Insurance Fund (UIF) hosted a media briefing on 23 Feb 2022 to provide an update on the COVID-19 Temporary Employer-Employee Relief Scheme (Covid-19-TERS) and normal benefits paid in Limpopo during the 2021/2022 financial year. The briefing provides important principles. Read more Here. Information and Implications Employers’ …
Department of Labour Update on Covid-19-TERS and UIF provides important principles Read More »
Notice The Minister of Employment and Labour raised the annual BCEA earnings threshold to R 224,080.48 per annum with effect from 1 March 2022 Information and Implications In a gazette published on 9 February, Employment and Labour Minister, Thulas Nxesi announced that the new earnings threshold will increase to R224,080.48 per year (approximately R18,673 per …
Notice On 23 March 2022 a new document, SARS Preferential Procurement Policy, has been published. Find it Here Information and Implications The policy has been Developed to enable SARS to comply with section 217 (2) and (3) of the Constitution that makes it incumbent on organs of state to apply a system of preferential procurement and …
SARS published the new Preferential Procurement Policy on 23 March 2022 Read More »
Notice The Customs External Policy Document regarding registration, licensing and designation effective from 1 October 2021 was updated. Find the guide Here. Information and Implications The facility codes used in Box 30 on the Customs Clearance Declaration (CCD) have been updated to include the licensing of a new container depot in Cape Town. Implications if the …
Customs Registration Licensing Document was updated on 19 April 2022 Read More »
Notice On 19 April 2022 SARS issued an anti-fraud leaflet. Find it Here. Information and Implications Guidance is provided on how to protect taxpayers’ eFiling profiles, for instance: Taxpayers to activate the One-Time-Pin (OTP) security feature on their eFiling profile Taxpayers to log-off completely after accessing their eFiling profile, etc. This is important for the accountant …
Notice Employers are required to submit their Employer Reconciliation (EMP501) by 31 May 2022 Information and Implications It is advised to file the EMP501 well in advance, to allow time to resolve queries, should the South African Revenue Service (SARS) reject the EMP501 after the submission date. The effect of this is that the EMP501 …
Reminder of Employer Reconciliation Declarations due 31 May 2021 Read More »
Notice WhatsApp has launched the first stage of its new Communities roll out. The new features were rolled out to users from 5 May 2022. Information and Implications According to WhatsApp, communities will encompass a collection of separate groups. They will allow organizations like schools, local clubs, and non-profits work together more efficiently.Group chats can …
WhatsApp’s Doubling the Size of Group Chats in the App Read More »
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