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Important payroll changes for the 2025/2026 tax year

Important payroll changes for the 2025/2026 tax year

The Minister of Finance announced the following changes with effect from 01 March 2025: Reimbursive Travel rate per Kilometre - Reduced from R4.84 to R4.76 Subsistence Allowance: Daily amounts for meals and incidental costs (overnight allowance): Meals and...

5 Things to Consider When Buying vs Leasing Equipment

5 Things to Consider When Buying vs Leasing Equipment

“I do not gather things, I prefer to rent them rather than to possess them.” (Jerzy Kosinski, Polish-American writer) Deciding whether to buy or lease equipment can sometimes seem like an impossible choice. There are so many factors at play that it can feel like...

How to Save Big on Corporate Travel in 2025

How to Save Big on Corporate Travel in 2025

“He who buys what he does not need, steals from himself.” (Swedish Proverb) Many think of corporate travel expenses as being a non-negotiable, and expensive part of doing business. The thing is, it is possible to cut back on travel expenses without cutting out the...

Disagree with SARS? Here’s How we Can Assist You

Disagree with SARS? Here’s How we Can Assist You

“When taxpayers are aggrieved by an assessment or a decision that is subject to objection and appeal, they have a right to dispute it.” (SARS) As a taxpayer in South Africa, you have the right to dispute tax assessments, if you have a valid reason to disagree with...

6 Signs it Might be Time to Pivot

6 Signs it Might be Time to Pivot

“The measure of intelligence is the ability to change.” (Albert Einstein) Change can be uncomfortable and often we humans love to avoid it. In business, however, being brave enough to embrace change could be the difference between going under and thriving. All...

Your Tax Deadlines for March 2025

Your Tax Deadlines for March 2025

07 March 2025 PAYE submissions and payments 25 March 2025 VAT manual submissions and payments 28 March 2025 Excise duty payments 31 March 2025 End of the 2023/24 Financial year, VAT electronic submissions and payments, & CIT Provisional Tax payments where...

March 2025 Newsletter out now! You don’t want to miss this!

March 2025 Newsletter out now! You don’t want to miss this!

With Compliments SARS’ Queries, Audits and Compliance Requirements continue to be ever more frequent, onerous and focused on all taxpayers providing proof and rationale for the information submitted. Even if your taxes are up-to-date and compliant, you can still be...

What Your Balance Sheet Says About Your Business

What Your Balance Sheet Says About Your Business

“It sounds extraordinary, but it's a fact that balance sheets can make fascinating reading.” (Mary Archer) A balance sheet reveals a company’s “book value” by showing what assets it owns, what liabilities it owes, and the equity or net worth attributable to its...

Simple mistakes TFSA investors continue to make

Simple mistakes TFSA investors continue to make

Article shared courtesy of: Paul Hutchinson, Ninety One | Access the article here, or view below " Tax-free savings accounts (TFSAs) were introduced in 2015 to encourage South Africans to save more. Some ten years later, we now have a sufficiently long track record to...

Are You Ready for the Next Provisional Tax Deadline?

Are You Ready for the Next Provisional Tax Deadline?

 “Death, taxes, and childbirth! There’s never any convenient time for any of them.” (Margaret Mitchell) What is provisional tax? Provisional tax allows corporate and individual provisional taxpayers to pay their annual income tax in advance by making two or three...

The Enormous Benefits of Non-Profit Collaborations

The Enormous Benefits of Non-Profit Collaborations

“The unfortunate need people who will be kind to them; the prosperous need people to be kind to.” (Aristotle) Strategic business partnerships are an integral part of any successful business and yet very few entrepreneurs think of the opportunities which arise from...

Your Tax Deadlines for February 2025

Your Tax Deadlines for February 2025

Your Tax Deadlines for January 2025 07 January – PAYE submissions and payments. 20 January – End of Filing Season 2024 for Provisional taxpayers & Trusts. 24 January – VAT manual submissions and payments. 30 January – Excise duty payments. 31 January – VAT...

February 2025 Newsletter | With Compliments from MD

February 2025 Newsletter | With Compliments from MD

As your trusted registered Tax Practitioners, MD is here to guide you through the ever-increasing maze of complex Tax Legislation to ensure maximum efficiency and compliance in your tax affairs. We are proud of our tax team, which is managed by Juanita Roman, BTech (H...