Covid-19: A Time of Need
Birthed out of the Covid-19 Pandemic, the purpose of this site is to share posts that provide practical information to businesses in dealing with the crisis together with periodic reflections. This is not a commercial site, but instead is intended as a supportive resource the contents of which may be freely shared with appropriate acknowledgement.
COVID-19: Temporary Employer-Employee relief Scheme (TERS) – A Limited Extension
By Peter Cottrell CA(SA) We hope that you are keeping safe and well. As the move to lockdown level 2 brings further easing of restrictions, we are acutely aware of the challenges that are encountered at each level of society. There is still a long road ahead, but we are hugely encouraged by the resilience we have…
COVID-19: Sundry Tax Developments
By Peter Cottrell CA(SA) This communication will outline recent developments in the Covid-19 tax relief measures and will provide a further update on the South African Revenue Service (SARS) auto assessment system, while noting a caution regarding the abuse of electronic communication by scammers. Recent Developments On 31 July 2020 National Treasury announced an extension…
COVID-19: Update of Guaranteed Loan Scheme
By Peter Cottrell CA(SA) In April 2020 a Guaranteed Loan Scheme was announced, representing a partnership between major banks, National Treasury and the South African Reserve Bank. The scheme was intended to address economic impacts of the Covid-19 pandemic, particularly to provide liquidity to businesses that are in distress. Concerns have been expressed over accessibility to the…
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