Tax & Management

Explore our Tax and Management Guide with expert tips on financial planning, tax strategies, record-keeping, and farm business management.

Online shopping is the future

There is more to embracing ‘new technology’ than using GPS mapping, drones and robot tractors. Online shopping has become crucially important to building a viable business.
Peter O’Halloran - Tax advice

Understanding the contra fiscum rule

This common law rule is applied where the interpretation of a particular tax statute is ambiguous.

Crucial for a manager, and a useful life skill for everyone

My parents’ relative lack of financial literacy was passed on to me, and had a negative effect on me. Make sure that you and your family don’t make the same mistake.

Unlocking the mysteries of accounting lingo

There are only 80 words you need to know to be able to converse intelligently with your accountant. Learn them.
Peter O’Halloran - Tax advice

SARS is a creditor like any other

The taxman has to wait his turn in the creditors’ queue after a liquidation.

The difficulties posed by a minimum wage

The National Minimum Wage panel has stressed the pros of a minimum wage. Now for the cons.

Confusing credits and creditors

Accountants don’t need ‘agricultural literacy’ to be successful, but no farmer ever made it without being financially literate.
Peter O’Halloran - Tax advice

Tax: who are the good guys and who are the bad?

The Organisation for Economic Cooperation and Development (OECD) was formed in 1961, ostensibly to promote economic and social well-being. It is made up of members of developed countries and is highly influential.

Are we really better off without control?

Farmers frequently complain that they are exploited and ‘things were much better’ in the old days. Are they right?
Peter O’Halloran - Tax advice

The diesel rebate: what does the law actually say?

Are farmers entitled to claim the diesel rebate when they or their contractors fill up vehicles at the market?

Accrual and depreciation demystified

These two fundamental accounting concepts can be difficult to conceptualise. But if they are understood as ‘non-cash items’, they make far more sense.

Getting to grips with Accounting 101

Luca Paciola uncovered the secrets of double-entry bookkeeping in 1495. Four centuries later, the penny finally dropped for me!
Peter O’Halloran - Tax advice

8 ways to avoid paying tax

Although government has closed some of the loopholes, there are a number of creative, legal ways for South African businesses to avoid paying tax.

Why farmers can look forward to a positive 2017

Despite weak growth and bad political decisions, it seems as if the current outlook for agriculture is more positive.

Meet the father of modern bookkeeping, Luca Pacioli

In this article, our quest for financial literacy takes us to Venice in Italy and a very clever monk - Luca Pacioli.

Weaker international outlook expected

Slow global economic growth will result in depressed demand, especially in developed economies.
Peter O’Halloran - Tax advice

Clarity on VAT and foreign companies

A recent Supreme Court of Appeal judgement relating to VAT and foreign tour operators will be of interest to wildlife farmers and safari lodges.

Financial literacy – what you need to know

Business performance is measured with accounting scorecards. If you don’t understand them, give up all hope of ever becoming a great manager.
Peter O’Halloran - Tax advice

Challenging a disallowed assessed loss

An interesting ruling involving assessed losses was recently released by the Western Cape Division of the Tax Court.
farm land

So ARC has a vision for 2050? How about one for...

Long-range strategic workshops have become fashionable in government. Commercial farmers simply want the government to play its proper role today!
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