Trade finance for importers
Managing their cash flow cycle is a particular challenge for importers as the purchasing cash flow lead-time is generally longer than purchasing locally. In most cases imported goods need to be paid for before they arrive; or even before they are shipped from the...
Introduction to analysing foreign currencies
Whether you are an importer or exporter, it is crucial that you evaluate your business’s sensitivity to fluctuating exchange rates and develop a comprehensive risk management policy to fit your company’s needs. An effective foreign currency risk management strategy...
Why does your tax practitioner ask about your marital status?
I often get asked why SARS needs to know this. The Income Tax Act 58 of 1962 defines “spouse” in relation to any person as a person who is a partner of such person in a marriage or customary union recognised under the laws of South Africa or a union recognised as a...
Personal Services Provider (PSP)
What is a PSP: A personal service provider is a company or trust whereby the owner of a business renders a service in their personal capacity using the company/trust as a channel. This means that the services of the company/trust are personally rendered by any person...
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