The Annual Reconciliation Declaration (EMP501) submission period has opened on 1 April 2024 with the final submission deadline being 31 May 2024. The employee data that must be submitted by 31 May 2024 should cover the transaction period 1 March 2023 to 28 February 2024, for the Monthly Employer Declarations submitted, payments made and IRP5/IT3(a)s generated. The […]

The 2023 Return of Earnings (ROE) for Compensation for Occupational Injuries and Diseases Act (COIDA) submission deadline has been extended to 31 May 2024 (the initial deadline was 31 March 2024). The Workmen’s Compensation website for online submission/transacting on the ROE website only opened on 1 April 2024. This return relates to the payroll tax year 01/03/2023 – […]

2024/2025 Tax Guide We are excited to launch our new electronic 2024/2025 tax guide to assist you with the tax legislation. Please contact us should you like a complimentary printed version and we will arrange for it to be available for you when we next see you. To access the PDF version please click here Contact us […]

Click on the image below for MD’s current Tax Card: Prior years MD Tax Cards and MD Tax Guides here  

With the upcoming Budget on 21st February 2024 and the end of the individual’s tax year looming on 29th February 2024, the following comprehensive year-end tax planning guidance and “tax saving tips” can help you to minimise your tax burden and protect your wealth. The incorrect timing could result in losing out on significant tax-saving […]

Maximise Your Remuneration Planning and Save Tax 1.  Maximise your company car or travel allowance with a detailed logbook: If you have received a travel allowance or have driven a company car during the 2024 tax year, you need to record your mileage reading as at 29th February 2024. It is compulsory for taxpayers who […]

Maximise Your Wealth Planning and Save Tax 1.  Donations:  Donations made during your lifetime do not form part of your personal estate on death. Annual donations made by you up to R100,000 are exempt from donations tax – If you and your spouse each donate R100,000 per tax year to your Family Trust, your combined […]

We are in the process of preparing the second provisional tax returns for the 2024 tax year –  due for submission to SARS by 29 February 2024. We would therefore appreciate it if you could furnish us with either a copy of your latest payslip OR the total of your PAYE (Employees tax) paid for the tax year […]

We refer to our communications sent by SARS in March 2023 relating to SARS’ move from their old customs platform to a new Registration, Licencing, and Accreditation (RLA) system on SARS efiling and updating to their Customs platforms, to help combat illicit trade and fraud associated with foreign exchange payments. Starting on 1 December 2023, […]