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5 Tips for Helping Your Employees Through a Crisis
“When people are financially invested, they want a return. When people are emotionally invested, they want to contribute.” (Simon Sinek) Employee engagement. It determines so much about the direction of a company, its staff productivity and how likely it is to...
The Start of 2025 Individual Tax Season – What you need to know to save you time and costs!!
21 July 2025 is the official start of the 2025 Tax filing season – SARS is encouraging all taxpayers to use SARS e-filing channels to file their tax returns with amended deadline dates: Type of Taxpayer Channel Due Date Non-provisional and provisional taxpayers...
Tax Avoidance vs Tax Evasion: Toeing the Line
"The difference between tax avoidance and tax evasion is the thickness of a prison wall." (Denis Healey, former UK Chancellor of the Exchequer) The line between tax avoidance and tax evasion can sometimes appear blurry, especially in complex transactions or fierce tax...
June 2025 Monthly Newsletter >>> “SARS’ Queries, Audits and Compliance Requirements continue to be…”
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...
Your Tax Deadlines for June 2025
06 June | PAYE submissions and payments 25 June | VAT manual submissions and payments 27 June | Excise duty payments 30 June | VAT electronic submissions and payments, & CIT Provisional Tax payments where applicable. CONTINUE READING IN THE NEWSLETTERS...
MD June 2025 Newsletter
2025 NEWSLETTERS HERE
MD’s June Birthdays
Our June 2025 #TeamMD Birthday Celebrations! #June2025 #JuneBirthdays #HappyBirthday #PartyTime #TeamMD #MDTeam #celebrations #MDAccountants
Consequences of Non-Compliance with Directors Duties
We are often asked what the Director’s Duties and Obligations are, and this has now been clarified in Guideline 1 of 2025, which details the consequences of non-compliance of Directors' duties, including the: Duty to Act in Good Faith and for a Proper Purpose:...
Budget 2025 Tax Pocket Guide
SARS has also released an updated version of the “Budget 2025 Tax Pocket Guide”, which provides a useful summary of the tax tables and their impact on taxpayers.
How Budget 3.0 Affects You & Your Business
CLICK HERE for all the information on How Budget 3.0 Affects You & Your Business! On 21 May Finance Minister Enoch Godongwana delivered his third Budget Speech this year (“Budget 3.0”), telling South Africans that “this is not an austerity budget” and...
Friendly competition at its finest 👌♣️♥️♠️🎱 #MDGamesAfternoon
Public benefit organisations (“PBO’s”) – IT3D returns
A reminder that this is the second year of the IT3D declaration. Public Benefit Organisations (PBO’s) that issue a Section 18A certificate must disclose the full details of those Section 18A certificates to SARS as a third-party provider of information. The deadline...
MD’s May Birthdays
Our May 2025 #TeamMD Birthday Celebrations! #May2025 #MayBirthdays #HappyBirthday #PartyTime #TeamMD #MDTeam #Celebrations #MDAccountants
Employment Equity Act Repeal: Where Do Employers Stand Now?
In a parallel development, the government has moved forward with the partial repeal of sections of the Employment Equity Act, particularly those related to Section 53 — the controversial procurement compliance clause requiring a certificate of compliance for companies...
Mind The Tax Gap! Here’s How…
“In 2025/26, SARS will focus on addressing the tax gap to improve revenue collection.” (National Treasury Budget Review) With additional funding from the National Treasury, SARS will now be better positioned than ever to collect the estimated R800 billion in...
May 2025’s Monthly Newsletter with compliments from MD
With Compliments SARS penalties are onerous, especially with the latest February 2025 EMP501 reconciliation season and SARS warning of more penalties should you miss their cut-off! SARS has also released an upgraded E@syFileTM Employer version to be used from 1 March...
PAIA Submissions
We refer to the recent notice from the Information Regulator in accordance with section 83(4) of PAIA. The Regulator has requested the submission of the Annual Report from all Private Bodies by 30 June 2025, detailing requests for access to records received and...
The 5 Cognitive Biases That Could Sink Your Business
“Too often we hold fast to the clichés of our forebears. We subject all facts to a prefabricated set of interpretations. We enjoy the comfort of opinion without the discomfort of thought.” (John F. Kennedy, former US president) Humans are creatures of habit. We...
This Workers’ Day, Look After Your Business’ Greatest Asset
“Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients.” (Richard Branson) Whether you call it May Day, Labour Day or International Workers’ Day, 1 May is an opportune time for businesses to...
Zen and the Art of Fostering Job Stability in an Uncertain World
“The more tranquil a man becomes, the greater is his success, his influence, his power for good.” (James Allen) The world of work has never felt less stable. Between high unemployment rates, a quicksand political environment, the gig economy and the...
Your Tax Deadlines for May 2025
07 May – PAYE submissions and payments 23 May – VAT manual submissions and payments 29 May – Excise duty payments 30 May – VAT electronic submissions and payments, & CIT Provisional Tax payments where applicable. This included information...
MD May 2025 Newsletter
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VAT Increase Reversed
The National Treasury has announced that the VAT increase will not be implemented on 01 May 2025, and the VAT rate will therefore remain at 15%. The media statement released can be found here. Please do not hesitate to contact me should you have any further queries....
Increase in VAT Rate
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