Category: PATC Tips & Advice

Shareholders Agreement: Do I Need One, & Why?

What Is a Shareholders Agreement? A shareholders agreement is an agreement between the owners of a company setting out how they are going to run the company together. Now Read Debt Relief Finance Scheme: SMME Development Dept.

Understanding the UIF’s Temporary Employment Relief Scheme (TERS)

a person walking holding a brown leather bag

As you by now know – clients can claim from TERS (UIF). However, more lenient coverage has come about with effect from 30.4.2020 and was broadcast by SAIPA today. Click here and here to download and read the documents for more specific information.

Wills

last will and testament white printer paper

The team at PATC, led by Gavin Bacon, can assist you with your Will. In most cases, the preparing of the Will is free – Ts and Cs apply. However, as a start, you find in this blog post a list of the main information that will be needed. Please feel free to contact us…

Understanding COVID-19 Funding & How PATC Can Help You

Graphic with down arrow. Laptop and cellphone in background

Here is a comprehensive list of the various funding schemes and grants that you can take advantage of. The role PATC will play: Only after you have gone through this list yourself, they must highlight to us which they think they might be able to benefit from. a. The list specifies what criteria you will…

PATC’s Coronavirus Management Plan

Corona Virus molecules

1.       DO NOT PANIC Avoid physical contact with other staff members and clients. Do not touch your face – use a tissue if you have to or toilet paper and then throw it in the dustbin. Recommend to clients that they either email or call or facetime or skype. Do not refuse a meeting, but…

The Financial Implications of the President’s Lockdown Speech

a wall with many countries’ banknotes pinned to it

Upon closer inspection of the official statement from the office of the President, this is my interpretation on it and not official advice. Using the tax system, we will provide a tax subsidy of up to R500 per month for the next four months for those private-sector employees earning below R6,500 under the Employment Tax…

What is needed to prepare a Will (A guideline only)

(PATC does not charge for the preparation of Wills if Gavin Bacon / PATC will be the executor) A.) For a basic straight forward Will: – Both full names and surnames – we’ve got this therefore ignore Your ID No’s. – we’ve got this therefore ignore Confirmation that Gavin Rennie Bacon of PATC will be…

Annual Audit Or Review? Which Is Right For Your Company?

audit

With the 2011 change in the Companies Act, 80 to 90% of companies in South Africa, namely PTY Ltds, do not require an annual audit. Rather the new Act allows for an independent review – an alternative form of ‘auditing’ a company’s financial statements. Will a review do for your company? Or would an annual…

Financial Planning For Women – Here’s What You Need To Know.

financial planning for women

Every income earning individual needs to have a financial plan – this will ensure that your money and lifestyle is protected. However, it might surprise you to know that women have different financial planning needs to men, even if they need similar financial products. Do you know how best to plan your finances as a…