Definition Financial statements are written records that illustrate the business activities and the financial performance of a company. In most cases they are audited to

FUNDAMENTALS OF IFRS 15 IFRS 15 establishes the principles that an entity applies when reporting information about the nature, amount, timing and uncertainty of revenue

Both the International Accounting Standards (IAS) and the International Financial Reporting Standard (IFRS) are issued by International Accounting Standard Board (IASB), in London. They are developed

What is Tax Planning? Tax planning can be defined as an arrangement of one’s financial and economic affairs by taking complete legitimate benefits of all

Benjamin Franklin once said that “the only thing certain in this world is death and taxes”. Whilst it is extremely difficult to deal with the

You can now be fined or jailed for small tax mistakes. Inadvertent (unintended, unintentional, unplanned) tax errors – including not alerting SARS of a change