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QUALITY IS KEY SAYS MOORE STEPHENS INTERNATIONAL CHAIRMAN, RICHARD MOORE.

The Chairman of Moore Stephens International, Richard Moore, has encouraged partners and staff to make the most of tremendous opportunities over the next few years. 
 
Mr. Moore was warmly welcomed when he joined 68 Partners at the 11th MSSA Partners Conference in Clarens, where he offered some valuable insights into the network and industry.

TIM SHALLCROSS HEADS SOUTH FOR GLOBAL CONFERENCE

Business development manager, Tim Shallcross, is heading to South Africa to address Moore Stephens Africa network partners attending their annual partners’ conference on 7 November 2014 in Clarens, Eastern Free State.
 
Tim ShallcrossThe conference brings together 200 attendees including 60 partners from 15 African countries.

7 DEADLY SINS – WHY BUSINESSES FAIL

The recent spate of corporate failures in South Africa should be a stark remind to all of us to have another close look at our own businesses. Why do some businesses succeed when others fail? Is it just a matter of luck? Unfortunately the reality is that there are common mistakes that kill many businesses before they ever get off the ground.

GOING CONCERN

going concern is a business that functions without the threat of liquidation for the foreseeable future, usually regarded as at least within 12 months. It implies for the business the basic declaration of intention to keep running its activities at least for the next year, which is a basic assumption to prepare financial statements considering the conceptual framework of the IFRS. Hence, the declaration of going concern means that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operations.

EMPLOYMENT EQUITY REPORT DEADLINE LOOMING

The deadline for the Employment Equity Reports to be submitted to the Department of Labour is approaching fast.

All reports that are manually submitted (by hand or post) needed to be in by 1 October 2014. The deadline for online submissions via the Employment Equity Online Reporting System is 15 January 2015.

AN EVENTFUL QUARTER AT A GLANCE

The last quarter was characterised by weakness in South African equity markets, after the All Share Index failed to hold onto the all-time highs reached in the previous quarter; weakness in both commodity and foreign exchange markets with the South African Rand testing levels not seen since January this year; and weakness in the credit markets with the knock-on effects of the micro-lender African Bank (ABIL) being placed under curatorship in August was felt across the market.

TIGHTENING UP ON TAX IN AFRICA

With many African governments tightening up on their labour, tax and immigration policies, companies employing expatriates increasingly need to up their game.
 
“The days of staff being paid offshore to avoid in-country tax and social security responsibilities are fast drawing to an end. Companies and staff currently involved in these under-the-radar activities should be concerned,” says David White, CEO of Moore Stephens DRG Outsourcing SA Pty Ltd.

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