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03Apr 2023 by admin No Comments

Tax Health Check

Taxation

Tax health check or Tax due diligence is a comprehensive examination of the different types of taxes that may be imposed upon a particular business. This may include a review of all applicable types of taxes such as sales/ value-added tax, excise tax, customs duties, employee tax and other specific taxes applicable to the target company. Tax due diligence is of two types – seller’s side and buyers side. A seller’s side due diligence is conducted by the target company in an attempt to recognize and remedy any major tax exposure before inviting prospective buyers. A buyer’s side due diligence is when the buyer wants to recognize the target company’s tax exposure before making the buying decision. Elements of tax due diligence Tax ComplianceTax compliance means submitting a tax return…

03Apr 2023 by admin No Comments

Never give up; a lesson from Oscar Figueroa

Leadership

On August 08 2016, it was a night of high emotions at Pavilion 2 Olympic arena at Rio; weight lifter Oscar Albeiro Figueroa Mosquera had won gold in his category. This was no ordinary win; the journey to triumph had been a particularly difficult one for him. There are very few events that bring intensity, high drama, emotions and potency like the Olympics. That notwithstanding, the ecstatic eruption of sobs from the Colombian made even the most cynical and hardened spectators well up inside. Pure tears of joy. Hundreds of spectators crying, cheering and singing with gusto. A beautiful moment to be alive. Oscar made his Olympic debut aged 21 in Athens 2004, that year he finished fifth. He would represent his country the second time at Beijing 2008, it…

03Apr 2023 by admin No Comments

Disruptions; why the Dodo became extinct

Risk Management

The year 1662 is largely agreeable as the period that the last Mauritius Island bird Raphus cucullatus popularly known as the dodo was seen alive. The dodo is endemic to Mauritius and had not until 1598 experienced contact with the outside world; years of isolation had not prepared it for erratic and deeply unnerving behaviour of human beings and their monkey and dog pets. Not a lot is known about the dodo except that adults towered one-metre-high, weighting roughly ten kilos, flightless, a member of the pigeon family, laying one egg at a time, built its nest on the ground was portly and the meat was bland. We also know that it was a naively trusting bird, its said that if you wanted to enumerate the birds in a vicinity, all you…

03Apr 2023 by admin No Comments

Hard work Beats Talent; a lesson from James Douglas

Strategy

On the night of February 11 1990, under the bright Tokyo lights, little known James “Buster” Douglas delivered a vicious exhibition reducing to rubble possibly the most gifted heavy weight boxer of all times – “Iron” Mike Tyson. This crushing defeat of the Iron man would be the onset of a series of setbacks to the career of the Brownville kid whose debut to the world stage was legendary. The fight in Tokyo was supposed to be uneventful, a low key moment, another run of the mill facade that the Iron man was expected to triumph without much effort. So lowly was Buster rated that nobody was willing to host the fight in the USA, the bookies didn’t even assign odds to him save for Mirage who put it at…