Daniella Walaga

Tax Implications of Two Pot System

Leave a Comment / Finance, Tax / Daniella Walaga

On the 1st of September, the two-pot retirement system was implemented in South Africa by the National Treasury.

The main aim for the implementation of the two-pot system is to allow citizens of the republic partial withdrawal from their retirement fund for any emergencies that may occur, while still preserving a portion of the fund for life after retirement.

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Preparing your business for Fiscal Year End

Leave a Comment / Business Tips, Finance / Daniella Walaga

The financial year end of a company (also known as Fiscal Year End or FYE) is undoubtedly the busiest period of a business’s year.
Essentially, it is the wrapping up of the company’s accounts for the business year. This assists all key stakeholders assess the company’s profits, losses and overall financial performance for the year that was.

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