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Why Tax Compliance Matters: Avoiding the Risk of an Audit

Posted by jack452 on September 19, 2024 at 4:48am 0 Comments

Tax-related concerns can be a source of anxiety and confusion for individuals and businesses alike. Navigating the complexities of tax laws, regulations, and compliance requirements can feel overwhelming, especially when faced with the prospect of an audit. At such times, expert assistance becomes essential. That’s where our specialized Audit Services come in. From comprehensive IRS audit defense to personalized tax compliance assistance, we offer professional support to help you effectively… Continue

Renewable Methanol Market Outlook: Innovations and Future Trends

Posted by Animesh Rao on September 19, 2024 at 4:43am 0 Comments

The global methanol market is projected to grow from USD 30.9 billion in 2023 to USD 38.0 billion by 2028, at a CAGR of 4.2% from 2023 to 2028. The research report provides demand analysis, methanol market size, share, industry insights, competitive intelligence, and customer database. The growth of the construction, automotive, and electronics industries plays a key role in driving the methanol market.

Based on feedstock, the coal segment is projected to be the fastest-growing segment… Continue

The impact of the corona virus on employment
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The corona virus pandemic has had a devastating effect on livelihoods all over the globe. Unfortunately, many people have capitulated to the virus with others feeling the social and economic pressures therefrom. The International Labour Organisation estimates that 1.6 billion people in the informal sector, at least half of the global workforce, face an immediate danger to their jobs and their livelihoods. Furthermore, the United Nations reports that 430 million enterprises in sectors such as retail and manufacturing are disrupted by the corona virus outbreak and the resultant lockdowns.
In the United States, job losses have risen to above 40million, with losses of up to 2.1million reported in a single week. South Africa is no exception, the National Treasury reported at the beginning of July that 40% of all available vacancies had been lost. Treasury breaks down the numbers and predicts that the pandemic might cause job losses of between 690 000 and 1.79million.
This reality is alarming provided the unequal nature of South Africa. Further obstacles are that which are presented by the already high unemployment rate that has haunted South Africa since the advent of democracy. While some might view this as an opportunity for a career reset, others hope that their packages are paid timeously in light of their dependence on such packages.
The reality is that some employers will even go as far as attempt to cheat employees out of well-deserved benefits and try appropriate the money for their already ailing businesses. That alone means that employees ought to be vigilant and guard against possible swindling from their trusted employers. Also, employees ought to familiarize themselves with South African labour laws to ensure that firstly, they receive optimal protection against the virus in their respective workplaces and secondly; that they are well versed with labour laws in the event of retrenchment, dismissal or any possible event that might result from an employment relationship.

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