South Africa ready for a Tax Revolt

Tax revolts date back to biblical times. Throughout the ages they have exhibited similar symptoms of a decline in taxpayer morale and confidence in a government’s ability to manage public finances for the greater good of its citizens. Recent public outcries in...

Large Audit firms vs Small Accounting firms

Recently in a article published, it was said that the Big Four Auditing firms bungled 31% of US audits. Since auditors are paid by the companies they scrutinize, the argument is that they have a incentive to produce reports that please those companies – and,...

Trusts in a Nutshell

There are three types of trusts: 1-Ownership trust–A founder or settlor transfers ownership of assets or property to trustees which are to be held for the benefit of defined or determinable beneficiaries of the trust. 2-Bewind trust–A founder or settlor transfers...

Tax Inspectors without Borders

Ensuring that multinational enterprises pay their fair share of tax is a growing concern worldwide. Tax Inspectors Without Borders (TIWB) – a joint initiative of the Organisation for Economic Co-operation and Development (OECD) and the United Nations Development...

Be careful of Billing Fraud

What is billing fraud? It can be described as an employee creating a fake invoice or inflating an existing one to submit and get paid. Most people think they will never be scammed, and then they are. Non-profits and religious organizations often get hit by billing...