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Bestudeer die volgende stappe om te verseker dat jou besigheidstrategie gedurig ontwikkel om groei te stimuleer. Stap Een: Kultiveer kreatiwiteit
Elke besigheid moet iets nuuts skep om in die wedloop te bly. Kultiveer kreatiwiteit in jou maatskappy. Bring diverse werknemers met diverse idees bymekaar en moedig hulle aan om ‘n dinkskrum te hou oor huidige tendense en ontwikkelinge, met inagneming van die behoeftes van die verbruikers. Daag hulle uit met nuwe projekte wat hul denke sal stimuleer tot briljante, innoverende nuwe idees. Stap Twee: Optimaliseer samewerking
Sodra jy stappe geneem het om jou maatskappy meer kreatief en innoverend te maak, moet jy uit jou gemaksone tree en hierdie nuwe idees beproef. Moenie dat besware en negatiewe opmerkings jou van stryk bring nie – ‘n dapper hart is van kritieke belang as jy jou besigheid wil laat groei. Weet wat die aanvaarbare vlak van verlies sal wees as dit misluk, rol jou moue op en doen dit eenvoudig. Stap Vier: Aanvaar mislukking
Nie alles wat jy probeer, gaan suksesvol wees nie. Moet dit nooit van jouself, jou werknemers of jou maatskappy verwag nie. Hanteer die mislukkings as leerervarings en dissekteer dit om vas te stel waar jy kan verbeter. Om risiko’s te neem, is om soms te misluk, maar jy wil tog nie net oorleef nie – jy wil floreer! Verwag van jouself en jou werknemers om na ‘n mislukking op te staan, weer te probeer en vorentoe te kyk. Verbeter wat jy kan, probeer iets nuuts en hou aan – jou volgende inisiatief mag dalk jou groot deurbraak wees! Stap Vyf: Prioretiseer vir sukses
This entry was posted in Business, Company and tagged onderneming, risiko's, samewerking, sukses on June 17, 2014 by Shrek2014.	Implications of estate duty
Allowable deductions: the possible deductions that are allowed when calculating estate duty. Property includes all property, or any right to property, including immovable or movable, corporeal or incorporeal – registered in the deceased’s name at the time of his/her death. It also includes certain types of annuities, and options to purchase land or shares, goodwill, and intellectual property. Deemed property
E. Property that the deceased was competent to dispose of immediately prior to his/her death (Section 3(3)(d) of the Estate Duty Act), like donating an asset to a trust, may be included as deemed property. Deductions
Section 4(q) deductions will not be granted where the bequest is to a trust established by the deceased for the benefit of the surviving spouse, if the trustee(s) has/have discretion to allocate such property or any income out of it to any person other than the surviving spouse (a discretionary trust). Where the trustee(s) has/have no discretion as regards both the income and capital of the trust, the Section 4(q) deduction may be granted (a vested trust). Portable R3.5 million deduction between spouses
The Act allows for the R3.5 million deduction from estate duty to roll over from the deceased to a surviving spouse so that the surviving spouse can use a R7 million deduction amount on his/her death. The portability of the deduction will only apply when the entire value of the estate of the first dying spouse is left to the surviving spouse. Life assurance for estate duty
This entry was posted in Estate and tagged Deemed property, estate duty on June 17, 2014 by Shrek2014.	Performance measurement
Companies measure their performance using different methods and criteria. The most common way is to identify key business activities and measure them using specific performance metrics (measures), and then analyse the results.
1. Key Activity Performance Metrics
Sales percentage of customer visits
Phone calls that generate sales
Percentage increase in sales over previous period or year
Percentage of customers retained for the period
2. Balance as the key to a strong performance measurement system
An effective tool to assess performance is the Key Performance Indicator (KPI). A Key Performance Indicator is a measure reflecting how a company is doing in a specific aspect of its performance. A KPI is one representation of a critical success factor (CSF) – a key activity needed to achieve a given strategic objective. A KPI is therefore a quantifiable measure of how well you are performing an activity that is critical to the success of your business. For example, a strategic objective for the company could be to increase customer satisfaction, and one CSF relating thereto would be to “reduce staff turnover” (customers prefer to deal with the same salesperson). A KPI would measure how well you are performing the task of reducing staff turnover. What to do?
Step 1: Decide what to measure and define your objectives. A comprehensive business plan would assist you to identify your strategies and overall objectives. You are then in a more favourable position to define your Critical Success Factors (CSFs) and the performance metrics.
A strong performance management system offers many benefits. It enables managers to define and track performance on metrics for every strategic objective set by their division or company. In addition, it highlights how performance in one part of the company affects performance in another. Using our customer satisfaction example – an improvement in order delivery time would result in an improvement in customer service. The logistics staff (delivery of the order) and the customer service staff would then both be working towards achieving the same overall goal of the company, namely improved customer satisfaction.
By grasping these inter-relationships, companies can make more informed decisions such as increasing a budget, adding new staff, or introducing more efficient processes to improve performance instead of guessing which factors need to be addressed.
This entry was posted in Company and tagged measurement, Performance Metrics, system on June 17, 2014 by Shrek2014.	What is the cost of my estate duty?
This entry was posted in Estate and tagged cost of estate duty on May 21, 2014 by Shrek2014.	U testament en buitelandse bates
Elke land het sy eie wetgewing met betrekking tot die vererwing en ondertekening van testamente. Dit is dus moontlik dat u Suid-Afrikaanse testament nie aan al die vereistes voldoen van die land waar die buitelandse bates geleë is nie. Dit mag die gevolg hê dat u buitelandse bates nie in terme van u laaste testament vererf sal kan word nie.
Dit is dus uiters belangrik dat as u buitelandse bates het, u meer as een testament behoort te hê; een vir u Suid-Afrikaanse bates, asook ‘n testament(e) wat u buitelandse bates aanspreek volgens die wette van die land waar die bates geleë is. Dit is daarom absoluut noodsaaklik om tyd te bestee aan deeglike boedelbeplanning, veral as u bates in Suid-Afrika sowel as in die buiteland het.
Die uiteindelike doel is om u boedel so te beplan dat u u doelwitte sal kan bereik in die hantering en verdeling van u bates en laste. Hierdie doelwitte behoort voorsiening te maak vir die bestuur van u boedel gedurende u leeftyd, maar ook daarna.
‘n Verdere gevolg van die toenemende blootstelling aan internasionale beleggings is dat Suid-Afrikaners ook outomaties blootgestel word aan buitelandse fidusiêre dienste, insluitend testamente vir hulle buitelandse bates.
Of dit werklik nodig is om ‘n afsonderlike buitelandse testament op te stel of een wêreldwye testament, hang hoofsaaklik van die volgende af:
waar u buitelandse bates geleë is;
die aard van die bates en in watter produkte die buitelandse bates belê is; en
wie die administrasie van u buitelandse bates/beleggings behartig.
Indien u Suid-Afrikaanse testament in Afrikaans opgestel is, sal dit moontlik nodig wees om dit te vertaal en te seël voordat u dit na die oorsese eksekuteur/agent stuur. Dit kan ‘n tydrowende proses wees wat ook kostes tot gevolg sal hê.
‘n Afsonderlike buitelandse testament het ook verskeie ander voordele: die buitelandse boedel word in lyn en gelyktydig met u Suid-Afrikaanse bates geadministreer; ‘n eksekuteur/agent wat bekend is met die vereiste prosedures in die betrokke land waar die bates geleë is, kan u tyd en geld bespaar; en ‘n professionele testament-opsteller binne die jurisdiksie van die betrokke land kan u raad gee met betrekking tot die moontlike gevare rakende belastingaanspreeklikheid en erfopvolging ten opsigte van bates buite Suid-Afrika.
Alhoewel dit dus raadsaam is om ‘n verdere testament ten opsigte van buitelandse bates op te stel, sou ons voorstel dat indien daar enige sprake van buitelandse bates is, u Suid-Afrikaanse testament in Engels opgestel behoort te word en dat die testament nie pertinent verwys na die feit dat die dokument slegs van toepassing is op u Suid-Afrikaanse bates nie.
This entry was posted in Testament and tagged buitelandse bates, testament on May 21, 2014 by Shrek2014.	Implikasies van boedelbelasting
Boedelbelasting word, kragtens die Wet op Boedelbelasting, gehef op die belasbare waarde van die boedel.
Die algemene reël is dat indien die belastingbetaler gewoonlik in Suid-Afrika woonagtig is ten tye van sy/haar dood, al die bates (insluitend eiendom geag eiendom te wees), waar ook al geleë, ingesluit sal word in die bruto waarde van die boedel vir die bepaling van die boedelbelasting daarop betaalbaar.
Om die gevolge van boedelbelasting te minimaliseer moet mens die berekening daarvan verstaan. Die volgende is van toepassing in die bepaling van jou aanspreeklikheid:
i) Sluit opbrengste in van binnelandse versekeringspolisse [betaalbaar in Suid-Afrika in die Suid-Afrikaanse geldeenheid (ZAR)], uitgeneem op die lewe van die oorledene, ongeag wie die eienaar (begunstigde) is.
ii) Die opbrengs van so ‘n polis is onderhewig aan boedelbelasting. Dit kan egter verminder word met die bedrag van die premies, plus rente teen 6% per jaar, in die mate wat die premies deur ‘n derde persoon (die begunstigde) wat geregtig is op die opbrengs van die polis, betaal is. Premies betaal deur die oorledene is nie vir boedelbelastingdoeleindes aftrekbaar van die opbrengs nie.
B. Voordele betaalbaar deur pensioen- en ander fondse deur of as gevolg van die dood van die oorledene
Betalings deur sodanige fondse (pensioen-, aftree-annuïteit-, voorsorgfondse) bestaan ​​gewoonlik uit twee komponente – ‘n enkelbedrag by die dood en ‘n annuïteit daarna. Die enkelbedragkomponent was vroeër onderhewig aan boedelbelasting maar vanaf 1 Januarie 2009 word geen bedrag wat ontvang is van so ‘n fonds, ingesluit by die boedel van die oorledene vir boedelbelastingdoeleindes nie.
C. Skenkings ten tye van dood
D. Eise kragtens die Wet op Huweliksgoedere (aanwaseise)
‘n Aanwas eis wat die boedel van ‘n oorledene teen die langslewende gade het, is eiendom geag eiendom te wees in die oorledene se boedel.
E. Eiendom wat die oorledene by magte was om te vervreem onmiddellik voor sy dood (Artikel 3(3)(d) van die Wet op Boedelbelasting), soos byvoorbeeld om ‘n bate aan ‘n trust te skenk, kan beskou word geagte eiendom te wees.
1. Die koste van die begrafnis, grafsteen en sterfbeduitgawes.
2. Skulde wat op datum van afsterwe verskuldig is aan persone wat primêr woonagtig is in Suid-Afrika.
3. Die mate waarin hierdie skulde vereffen moet word uit eiendom ingesluit in die boedel. Dit sluit in die oorledene se inkomstebelasting betaalbaar (ook kapitaalwinsbelasting) tot en met datum van afsterwe.
4. Buitelandse bates en regte
5. Skulde en laste verskuldig aan nie-inwoners
6. Bemakings aan sekere openbare weldaadorganisasies
7. Eiendom bemaak aan langslewende gade [Artikel 4(q)]
Artikel 4 (q)-aftrekkings sal nie toegestaan ​​word waar die eiendom wat geërf is onderhewig is aan ‘n erflatingsprys nie.
Artikel 4 (q)-aftrekkings sal nie toegestaan word waar die bemaking is aan ‘n trust wat tot die voordeel van die langslewende gade geskep is, indien die trustee(s) ‘n diskresie het om sodanige eiendom of enige inkomste daaruit aan enige ander persoon buiten die langslewende gade te allokeer nie (‘n diskresionêre trust). Waar die trustee(s) geen diskresie met betrekking tot beide die inkomste en kapitaal van die trust het nie, kan die Artikel 4 (q)-aftrekking toegestaan word (‘n gevestigde trust).
Met erkenning aan: Moore Stephens se “Estate Planning Guide”.
This entry was posted in Estate and tagged boedelbelasting on April 15, 2014 by Shrek2014.	The validity of tax invoices: It is your responsibility
This entry was posted in Taxation and tagged tax invoices, validity on April 15, 2014 by Shrek2014.	Sekere riglyne vir boedelbeplanning.
Die mees effektiewe en voordelige verdeling daarvan aan opvolgende generasie te verseker. Daar bestaan ‘n algemene wanindruk dat boedelbeplanning net handel met die maak van ‘n testament of om jou sake so te reël dat boedelbelasting bespaar word.
Voorsiening te maak vir belasting verpligtinge wat met dood mag ontstaan soos kapitaal wins belasting. Tegnies word die boedel gevries totdat die Meester van die Hooggeregshof Eksekuteursbriewe uitgereik het.
Afsterwe sonder ‘n geldige testament, beteken dat jou boedel intestaat mee gehandel sal word, en die wetgewing oor intestate erfopvolging sal geld. Die wet op Intestate erfopvolging bepaal dat die langslewende eggenoot erf die grootste gedeelte van R125 000.00 of ‘n kindsdeel. ‘n Kindsdeel word bepaal deur die totale waarde van die boedel deur die hoeveelheid kinders en die oorlewende eggenoot te deel.
Waar partye binne gemeenskap van goed getroud is, gaan een helfte van die boedel na die langslewende eggenoot as gevolg van die huwelik , en die ander helfte vererf volgens die intestate erfopvolging. Indien daar geen oorlewende eggenoot of afhanklikes is nie , word die boedel verdeel tussen die ouers en kinders. Waar daar geen ouers of kinders is nie word dit verdeel tussen die naaste bloedverwante.
6% op die inkomste wat na dood die boedel toeval. Eksekuteurs vergoeding is onderhewig aan BTW waar die eksekuteur so geregistreer is.
Boedel uitgawes te betaal, begrafniskoste, inkomste belasting, boedel administrasie en boedelbelasting. Die opbrengs van alle Suid Afrikaanse “huishoudelike “ polisse uitgeneem op die beplanner se lewe, en waar daar geen begunstigde genomineer is nie, sal binne die bestorwe boedel val.
“Policies which are exempted from inclusion for estate duty purposes are buy and sell, key man policies, and those policies ceded to a spouse or child in terms of an antenuptial contract”.
Geld eenhede, uitgesluit goud en platinum munte.
This entry was posted in Estate and tagged boedelbeplanning, Eksekuteur, geldige testament, riglyne on April 15, 2014 by Shrek2014.	Types of marriage and estate planning
The accrual system addresses the question of the growth of each spouse’s estate after the date of marriage. ESTATE PLANNING
Donations between spouses are exempt from donations tax and estate duty. Marriage in community of property
Donations or bequests to someone married in community of property can be made to exclude the community of property; in other words, if the donor stipulates that the donation must not fall into the joint estate, then the donee can build up a separate estate. However, returns on such separate assets will go back to the joint estate. Marriage out of community of property without the accrual system Each estate planner (spouse) retains possession of assets owned prior to and after the marriage. Marriage out of community of property with the accrual system
This entry was posted in Taxation and tagged Types of marriage and estate planning on April 15, 2014 by Shrek2014.	Duty to disclose even if you do not claim from your Insurer
Insurance to most people is a grudge purchase. We buy it and pay our monthly premiums and then forget about it until we want to claim. We get sold policies where, if we do not claim, we get a later benefit. Ever wonder about losses that you suffer and do not claim for and what effect it has on your policy?
In the recent unreported judgment of Sherwin Jerrier v Outsurance Insurance Company Limited the Pietermaritzburg High Court was faced with such a question. Mr. Jerrier claimed for damages to his car that he suffered in an accident on 8 January 2010.
The insured(Mr. Jerrier) previously took out a policy in December 2008. He did not report a loss that he suffered during April 2009, after inception of his policy, to his insurer. This claim amounted to over R200 000.00 and attracted further third party liability.
The specific policy as most, if not all policies, provided that “you need to….inform us immediately of any changes to your circumstances that may influence whether we give you cover, the conditions of cover or premium we charge….. this includes incidents for which you do not want to claim but which may result in a claim in the future”. As with most of our household policies, these are monthly policies, and we continuously need to make disclosure of things, such as losses, when we move to a new house etc. and inform the insurer of this. The court in this instance found that the reasonable man would have concluded that the previous losses would be indicative of a change in his circumstances, from a claims history perspective and also from a moral risk perspective. The Court found that the insurer was correct in not accepting liability for the loss suffered in January 2010.
In short, even if you do not claim, let your insurer rather know of a loss or a potential claim. Anything that may be deemed influence the risk or would indicate a change is circumstances, such as moving to a new property, need to be disclosed to the insurer. This is not unreasonable to be expected from us.
This entry was posted in Insurance and tagged insurance on March 17, 2014 by Shrek2014.	Post navigation