Page 10 - KZN Business Sense 7.3 Hameed Noormahomed-EBOOK

HOW TO RESOLVE ALL YOUR HR COMPLIANCE ISSUES

Q and A with Johan van Deventer What Compliance Solutions required B-BBEE levels for their Who would a typical client be?
Regional Manager KZN, LabourNet. does LabourNet offer? business through implementing Most of our clients are small
and managing practical and
W hat services does cover the whole employee life sustainable strategies. and medium-sized businesses
We offer solutions that
across all industries employing
LabourNet provide?
cycle i.e., Payroll, Health and
Through our Employment
between 10 to 250 employees.
LabourNet provides
peace of mind to companies in Safety, B-BBEE, Employment Equity services, we assist clients They all have one or more
to comply with legislative
Equity, Skills Development,
performance or compliance need
terms of compliance with the Industrial Relations and requirements which includes that we need to solve.
various ever-changing labour Training Management. identifying and eliminating
legislation. This is sometimes Our Payroll includes Software unfair discrimination, increasing Many corporate clients also
complex for the employers to only, Software and Support workforce diversity, and, most make use of our services due
understand or to implement services or Outsourced Payroll importantly, avoiding penalties to our high-level expertise and
correctly. Through our Service complying with all in terms of the Employment our national capacity. We assist
affordable and effective HR relevant legislation. Equity Legislation. human resource departments,
solutions to employers, we do Through our Skills Development management teams or the board
not only simplify employment Our Health and Safety solution, we take care of the of directors, and advise them Johan van Deventer, Regional
compliance, but our consulting services ensure that everyone submission of workplace skills on the relevant compliance Manager KZN, LabourNet
services also often result in higher goes home healthy and safe plans and annual training requirements that they need to
productivity, reduced absenteeism and assist employers to operate reports. We also manage the adhere to or strategies to achieve
and greater staff morale. in compliance with the often delivery of annual training best practice for their businesses.
complex Occupational Health needs to upskill the workforce,
Why would a company use and Safety Act. resulting in better productivity Where are you based?
LabourNet? for the employer and promotion
Our Industrial Relations We have a national footprint
Business owners need to solution focuses on ensuring fair opportunities for employees. and have 19 offices across South SCAN
focus on their core business labour practices by complying What training programmes do Africa. We service all major
but often managing and with the relevant legislation in all you provide? centres across South Africa QR CODE
adhering to employment-related sectors. This solution focusses on and have offices in Durban and TO SEE
responsibilities and compliance maintaining good discipline in We have a wide variety of Richard’s Bay in KwaZulu-Natal. VIDEO
distract them from their core the workplace and adherence to accredited training programmes
focus. We have highly qualified company rules and procedures, and short courses that are How do you support clients?
teams of multi-disciplinary as well as building a co-operative offered online or on site. These Each client is allocated a (Open the camera on your phone and
hover steadily for 2-3 seconds over the
consultants who our clients relationship between unions and range from health and safety dedicated service consultants QR Code to see the video.)
can engage on a day-to-day employers. We also assist our compliance training, initiating and if they should be unavailable,
basis for immediate response clients with disputes at CCMA and chairing disciplinary we provide advice and guidance website and regular newsletters
in providing a solution to their or Bargaining Councils as well as hearings, supervisory leadership, via our Help and Support Desks on our blog. 
compliance need. Labour Court matters. among a multitude of others,
including accredited full staffed with qualified consultants. For more information contact LabourNet
We believe in building Our B-BBEE consulting qualifications in Human Resource LabourNet also gives ongoing Durban
strong relationships through seeks to assist employers to Management Practices and access to current information, T: (0)31 266 6570
partnering with our clients. achieve the appropriate and Information Technology. advice and guidance via our E: kzninfo@labournet.com

LAST CHANCE TO INVEST

he Section 12J tax were introduced in Canada, the registered with the Companies and There is an opportunity for Destinata Capital has a
programme, which was United Kingdom and Australia Intellectual Property Commission companies and trusts to make a stringent due diligence process
Tintroduced by the South which were very effective. In order (CIPC) through which the R1 large S12J investment even if it and focuses its investments
African Revenue Service (SARS) to incentivise us as taxpayers, million minimum investment pushes them to a tax loss position in hotel type accommodation
in 2009, is set to end on the SARS has given us a 100 percent requirement is removed. because they then have the which is a strong asset class.
30 June 2021. tax break on these types of Consequently, Destinata Capital opportunity to offset that tax loss “There is safety in property as
investments, which is extremely accept investments of R100 000.00. against future taxable income. you always have strong assets
“Essentially Section 12J is The benefit of the assessed loss on your balance sheet,” explains
an incentive to get a country’s powerful.” In addition, Destinata Capital
tax payers to invest in its own “Let’s assume that we have an offers investors the opportunity to can be worked off over a number Maree. The company also
of years. The typical company
focuses on security companies
economy and in our case individual taxpayer who falls into leverage a cash portion, much like that would benefit from this as security services are an
specifically the SMME economy the top tax bracket of 45%. If they purchasing a property through a strategy is one that has identified essential service in South Africa.
because that is what makes the make an investment of R1 million bond, to invest a larger amount of
most jobs,” says Johannes Maree, in a call account or on the JSE money in a Section 12J investment. Section12J as an investment Destinata Capital also focus
vehicle that they wanted to make
on asset rentals which give a
CEO Destinata Capital. “This tax they will incur R450 000.00 tax. Apart from the benefits received, use of for a few years. slightly higher cash yield than
programme followed on the back An investor that invests into a tax- the tax savings obtained from
of incentive programmes that deductible vehicle like 12J will get a SARS can be used as a down While retirements annuities property. 
million-rand tax deduction, which payment on the loan. also offer tax deductions the key
would mean a saving of R450 000 Significantly, the sunset clause difference is in the investment For more information visit
www.destinataholdings.com
worth of taxes.” for these investments is the 30 June limits. A retirement annuity
is limited to R350 000.00
Any South African taxpayer can 2021 after which the tax deduction per annum or 27.5% of your
invest in a Section 12J programme will fall away. “Practically speaking taxable income. In a Section 12J
including salaried employees investors who have already taken investment, an individual can
paying PAYE, provisional part in a Section 12J investment contribute up to 2.5 million per
taxpayers, companies and/or trusts. programme will not be affected. annum, a trust up to 2.5 million
The tax deduction still stands, and
Destinata Capital strives to the funds still need to be managed per annum, while a company SCAN
make the 12J programme more in line with Section 12J legislation,” can contribute up to R5 million QR CODE
accessible to the average South explained Maree. “However, per annum.
African. Typically, the companies investors qualify in the tax year Another difference is that a TO SEE
act requires a minimum that they make an investment and Section 12J investment stands VIDEO
investment of R1 million in this often wait until the last day of a for five years while a retirement
programme. Destinata Capital has tax year to make an investment, so investment can only be exited on (Open the camera on your phone and
Johannes Maree, CEO Destinata registered as a public company they need to act a little bit sooner retirement, unless the investor is hover steadily for 2-3 seconds over the
Capital which allows prospectuses to be this tax year.” 55 years of age. QR Code to see the video.)

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