Are you employment equity compliant?
Are you employment equity compliant? As many of you find Ziyo News to be a helpful tool for monitoring your compliance, we felt it would be important to update you on the key amendments to the Employment Equity Act which were promulgated on 1 August 2014. We are therefore very grateful to Desrae Connold who has provided […]
Tax And Employment Obligations
Tax And Employment Obligations An NPO is not automatically exempt from taxes in South Africa. Organisations need to apply for approval as a public benefit organisation (PBO) in order to gain income tax exemption. If you are unclear about PBO status, and the related requirements, please do attend the upcoming training on 21 April in Cape Town. Please contact Ziyo […]
Employing young South Africans – can non-profit organisations help and benefit?
Employing young South Africans – can non-profit organisations help and benefit? Qualifying employers: An employer is eligible to receive the employment tax incentive if that employer: is registered for employees’ tax (PAYE); is not in the national, provincial or local sphere of government or a public entity listed in Schedule 2 or 3 of the […]
Tax invoices – a vat update
Tax invoices – a vat update We know that: many non-profit organisations are registered for value-added tax (“VAT”); and many others are considering the benefits of voluntarily registering. It is therefore important that we update you on some recent issues relating to the VAT registration process, to VAT registration thresholds and to “tax invoices”. VAT registration […]
Obtaining a tax clearance certificate
Obtaining a tax clearance certificate We know that many of you need a tax clearance certificate to: Support a funding application; Add to the documentation in support of a government tender application; or Confirm, at the time of audit, that you have no outstanding tax liabilities. The good news is that you can now get an immediate response […]
Financially Astute?
Financially alert and astute NPO leaders We believe that leaders of NPO’s should be financially alert and astute and so be more aware of financial dangers and pitfalls as well as new opportunities for broadening income streams and building financial sustainability. In these unpredictable times in the sector, it is only the organisations that have […]
Financial management systems and records in chaos?
Financial management systems and records in chaos? Right Systems: Right People “If you think it’s expensive to hire a professional to do the job, wait until you hire an amateur.” – Red Adair Ziyo has, over many years, found that failure to design, set up and maintain appropriate financial management systems or to appoint appropriately qualified […]