VHA Accounting Solutions Podcast

Upholding Ethics in Accounting: Navigating Professional Conduct

Welcome to VHA's podcast! In this episode, your host Vidyanth Bhola delves into the crucial topic of ethics in accounting, with a particular focus on the code of professional conduct.
Discover why integrity, transparency, and honesty are essential in the accounting profession, especially when it comes to marketing and professional relationships between firms. Learn about the guidelines set by the South African Institute of Chartered Accountants (SAICA) and how they impact how accounting firms present themselves to the public.
Vidyanth shares valuable insights on handling competitive tensions with professionalism and the importance of maintaining the reputation of the profession as a whole. Whether you're a seasoned accountant or just starting out, this episode offers essential advice on navigating ethical challenges in your practice.
Join us for this much-anticipated discussion and stay on the right side of both the law and ethical practice. Feel free to leave your comments and questions at the end of the podcast. Until next time, remember: ethical accounting is about trust, respect, and professionalism.

Understanding the Public Interest Score (PIS) in South Africa

Good afternoon, it's Vidyanth Bhola, your host for the VHA podcast, podcast number seven. I'd like to thank everyone for the lovely feedback that I've been getting about the podcast that I've been doing. I know the podcasts are not perfect, but as I said, they'll be getting better and better with time.
In today's episode, we are diving into a crucial aspect of corporate governance in South Africa, The Public Interest Score, or PIS as it's known. This matrix is a key for any company operating within the country as it determines compliance obligations and how a business should handle its regulatory duties.
We'll break down what the Public Interest Score is, how it is calculated, and the implications it can have on your company's compliance needs. The PIS is a measure used to gauge the level of public interest in a company, ensuring that businesses with a significant social and economic footprint adhere to strict governance and transparency standards.
The episode also details how the PIS is calculated annually based on the number of employees, third-party liabilities, turnover, and beneficial shareholders. We discuss the compliance requirements based on different PIS ranges and the importance of monitoring your public interest score to ensure your company meets its regulatory obligations and maintains strong corporate governance practices.
Stay informed and proactive about your PIS to keep your company compliant and uphold high standards of governance. Until next time, this is Vidyan Pola, your host. I look forward to my next podcast which will focus on professional conduct and how to conduct yourself as a professional accountant or chartered accountant. Cheers until next time.

Navigating the New SARS Tax Compliance Requirements for Practitioners

Welcome to today's podcast hosted by Vidyant Bola from VHA Accounting Solutions. In this episode, we dive into a crucial topic for all tax practitioners in South Africa: the new SARS Guide on Tax Compliance Requirements, Interpretation Note 132.

We explore the Tax Administration Act 28 of 2011 and its vital regulations for registration and ongoing compliance. Learn about the severe consequences of non-compliance and the importance of staying updated with SARS notifications.

Discover proactive steps to maintain compliance, avoid penalties, and uphold the integrity of the tax system. Whether you're a seasoned professional or just starting out, this episode provides essential insights to keep your practice compliant and your clients well-served.

Stay informed, stay compliant, and continue to provide the highest standard of service. Don't miss out—subscribe and share this episode with your colleagues!

Artificial Intelligence in your Business and the use of Xero as your Accounting Software

Listen to our latest podcast discussing the benefits of integrating Artificial Intelligence in your business, specifically focusing on the importance of AI in accounting and how leveraging Xero as your accounting software can streamline your processes and provide valuable insights for informed decision-making.

Podcast_3_Going_Concern_Assumption_29_07_24 - 2024:07:29, 15.55

Going Concern

New Compliance Updates from CIPC: What You Need to Know

Welcome to the second episode of VHA Accounting Solutions' podcast, hosted by Vidyanth Bhola. In this episode, we delve into the latest updates from the Companies and Intellectual Property Commission (CIPC) and their implications for businesses and close corporations. We discuss the significance of CIPC's role in maintaining transparency, compliance, and legal standards within the business sector. You'll learn about the recent Customer Notice 39 and Notice 40 of 2024, which introduce new requirements for filing beneficial ownership details with annual returns and measures to protect personal information. At VHA Accounting Solutions, we ensure that our clients stay informed and compliant with these new regulations. Tune in to understand how these changes affect your business and how we can assist you in navigating these updates smoothly. Don't forget to visit our website at www.vhaaccounting.co.za for more information and to get in touch with us for any assistance you may need. Your feedback and suggestions for future podcast topics are always welcome. Join us every Monday for more insights on accounting, tax, and business matters. Cheers, Vidyanth Bhola

Navigating VAT Verifications: Simplified Insights for Business Owners

In this episode, we delve into the essentials of VAT verifications, offering a clear and simplified understanding for business owners. Learn what a VAT return entails, how SARS selects vendors for verification, and what documents are required during the process.We also address common concerns, including potential penalties and how to handle genuine errors in VAT returns. Discover the importance of accurate record-keeping and the benefits of using digital platforms like Docker for document storage.Tune in to gain valuable insights and ensure your business remains compliant with VAT regulations. For further assistance, contact VHA Accounting Solutions through our website or email.