As you will see, I have "blogged" YouTube videos and Coca-Cola adverts.
These are examples of young guys who are following their passion. And making some cash in the process.
The Coke ad agency needed a band: Matthew and SAVE IT FOR THE WEEKEND obliged.The ad is being screened in Russia and Mexico. https://www.facebook.com/#!/SaveItForTheWeekend
Justin and friend Warren decided to have some fun and with a tiny unsophisticated video camera, & spent weekends making videos for YouTube. There intention was to have fun: a by product was it has become profitable! https://www.youtube.com/user/NerdzSquared
Through that exposure, they have been commissioned to travel the country on a youth tour, appear on TV, make ads for YouTube for two international companies and a whole lot more.
Besides the fact that this forum gives me the chance to brag about my offspring, it reminds of the short discussion I had with Peter Carruthers, (www.businesswarriors.co.za) when I asked him what my children should do, career wise. His answer, "Make sure they are educated, to draw on the power of computers and the net!" Wise words indeed.
Through the internet, Justin is recognised walking down the street, Matthew can expose his music to the world, by uploading his compositions to iTunes. His rock band gets bookings via Facebook
So that's why I have blogs about Coca-Cola and Life as a Pizza Boy.
Tuesday, August 26, 2014
Это твоя Coca-Cola, Бобик!
Matthew O'Kelly's, advert for Coca Cola, filmed in Johannesburg for the overseas market. The ad originally shown in South Africa had the wrong demographics for the Russian and Mexican market. Matthew's band, Save it For the Weekend, were chosen as the stars, and the ad aired overseas.
Thursday, June 12, 2014
Sunday, May 25, 2014
Monday, March 31, 2014
Saturday, November 30, 2013
Tuesday, July 9, 2013
SARS Loves Property
From time gone by, one of the most dreaded people in society, has been the tax man. In biblical times, they were more despised than ladies of ill repute, and even oppressive armies.
Over centuries, land barons have been taxing land tenancy and ownership, a custom continued today. All land / property owners are taxed on their property portfolios and it goes without saying, every homeowner in the country pays their local council. The city taxes the homeowner for the funds to provide services.
But the time the Honourable SARS rubs his hands with glee the most, is when a property is sold and transferred to a new owner.
For starters, the seller will pay the agent a commission for selling the property. Most of the estate agencies are vat registered. So the commission will attract vat. On a R2 million Rand property, the agent could (and should!) charge 7.5% plus vat. Kaching !!! SARS collects R21,000.
In order to get the property transferred into their name, the purchaser must pay transfer duty.
Transfer duty, paid to the intrepid government's coffers ...R77,000.
The Deeds office must also get paid for the work they do R850. (Surely the transfer duty could cover this? They are a Government department and the government is not very good at ringfencing income)
The attorneys will charge for their services, (registering a property is something you cannot do yourself) and we don't begrudge them their fee. Vat on attorneys fees...R2,695.
Our unsuspecting buyer, having paid a bucket of money to the state, breathes a sigh of relief, until the bank man comes calling.
Our unsuspecting buyer, applies to, and is successful at raising a home loan at the bank.
Registering the bond at the Deeds Office (assuming a bond of R1.5m).. R850. And of course, our intrepid attorney has to charge for the service, and the fee attracts vat.... R2096.
So that provides a summary of some of the ways the State coffers are fed on a daily basis, as properties are bought and sold........so that's R105,000 on this relatively small property transaction
What's missing?
CAPITAL GAINS TAX..........A headache for another day.
Over centuries, land barons have been taxing land tenancy and ownership, a custom continued today. All land / property owners are taxed on their property portfolios and it goes without saying, every homeowner in the country pays their local council. The city taxes the homeowner for the funds to provide services.
But the time the Honourable SARS rubs his hands with glee the most, is when a property is sold and transferred to a new owner.
For starters, the seller will pay the agent a commission for selling the property. Most of the estate agencies are vat registered. So the commission will attract vat. On a R2 million Rand property, the agent could (and should!) charge 7.5% plus vat. Kaching !!! SARS collects R21,000.
In order to get the property transferred into their name, the purchaser must pay transfer duty.
Transfer duty, paid to the intrepid government's coffers ...R77,000.
The Deeds office must also get paid for the work they do R850. (Surely the transfer duty could cover this? They are a Government department and the government is not very good at ringfencing income)
The attorneys will charge for their services, (registering a property is something you cannot do yourself) and we don't begrudge them their fee. Vat on attorneys fees...R2,695.
Our unsuspecting buyer, having paid a bucket of money to the state, breathes a sigh of relief, until the bank man comes calling.
Our unsuspecting buyer, applies to, and is successful at raising a home loan at the bank.
Registering the bond at the Deeds Office (assuming a bond of R1.5m).. R850. And of course, our intrepid attorney has to charge for the service, and the fee attracts vat.... R2096.
So that provides a summary of some of the ways the State coffers are fed on a daily basis, as properties are bought and sold........so that's R105,000 on this relatively small property transaction
What's missing?
CAPITAL GAINS TAX..........A headache for another day.
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