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NEW PPRA NOTICE: Estate Agents Audit Report Submission Process Changes – August 2022
The online portal for submitting the property practitioner/estate agents trust audit report has not yet been updated for the new Act! Summary of changes: Online submission via the portal is still required The old template is to be used via the portal Interest declared...
SARS email scams phishing for personal data
South African Revenue Service (SARS) has warned taxpayers to be aware of emails or SMSs that ask for personal, tax, banking, and eFiling details. Taxpayers may receive random emails which are made to look as if they were sent from SARS but which are fraudulent emails...
Happy Women’s Day 2022!
This morning we celebrated our incredible team of MD women and enjoyed a Women’s Day breakfast at our offices. We also donated 70 sanitary towels from both our staff and management to the young girls at the underprivileged school, De Duine Primary in Lotus River, for...
DEVISING AND PUBLISHING a business RESCUE PLAN
"Assuming that you have followed the processes laid out in my previous articles on accepting and commencing work as a business rescue practitioner (BRP), you will by now − • Have gathered detailed financial information regarding the distressed business • Reviewed the...
Important Notice – Office Closure
Our office will be closed on Monday, 8th August as our staff take a well-earned long weekend after a challenging work period but also (for trying to decipher Eskom’s load shedding schedule these last few weeks). We will respond to all emails upon our return on...
Congratulations Lauren Daniels!
Lauren has passed her Board exam, she is now a Professional Accountant (SA). Well done Lauren! Congratulations, and keep up the good work!
Department of Labour 22nd Employment Equity Report
The Department of Labour recently released their annual report covering progress in their strategic objectives and providing highlights from the previous twelve months. It also details the workforce demographic distribution of the Economically Active Population (EAP)...
MD’s Current News | May – July 2022
A lot has happened in the last few months! Please find the summary of our latest news below. MD Taxation Blog The Start of 2022 Tax Season - What you need to know to save you time and costs!! Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You?...
MD’s mid-year function | Quiz and Mexican dinner at Zapata
This year our mid-year function was a laugh-out-loud, till your tummy hurts, Quiz and Mexican dinner at Zapata evening. Alexis welcomed our new staff Celine, Kimberley, and Abieda, and bid a sad farewell to Nadia and Lauren who are leaving in the coming two months....
We are looking for a Senior Accountant – APPLY NOW!!!
Who are we? | Company Description At MD, we focus on building relationships with our clients and staff and understanding their requirements. Our strategic intent of providing Financial Leadership Through Professional Excellence is the vision by which we measure...
Beware of SARS Auto Assessments
We refer to our recent email to you on 22 June 2022 - The Start of 2022 Tax Season - What you need to know to save you time and costs!! As discussed, SARS will again be issuing ‘estimated’ assessments automatically to some taxpayers without the submission of a tax...
Dave Rich membership with SARIPA
Membership for 2022/2023 Certificate can be clicked on below to view in full: https://www.saripa.co.za/ Dave Rich | Partner
Alexis Sacks membership with SARIPA
Membership for 2022/2023 Certificate can be clicked on below to view in full: https://www.saripa.co.za/ Alexis Sacks | Partner
NB: Private companies checklist
Article share courtesy of: Cliffe Dekker Hofmeyr Click here:
The Start of 2022 Tax Season – What you need to know to save you time and costs!!
1 July 2022 is the official start of the 2022 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...
Finance relief offered to help recovery of businesses
2022042601 Media Statement Bounce Back Support Scheme (1)
Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You?
What are the new assessed losses rules? Companies could previously offset the full balance of any assessed loss carried forward from a previous tax year against all its taxable income for the current year. In addition, companies could carry over any assessed loss...
ENSight | President Ramaphosa appoints new B-BBEE Advisory Council to aid in economic transformation | 14 JUNE 2022
B-BBEE President Ramaphosa appoints new B-BBEE Advisory Council to aid in economic transformation Sanjay Kassen, Zoë Wein and Lungelo Mkhize The council has an opportunity to play a crucial role in the long-term recovery, reconstruction and the meaningful...
New tourism/hospitality relief
The Tourism Relief Programme
POPIA facts
As we are all aware, the substantive provisions of the Protection of Personal Information Act 4 of 2013 (POPIA) which place obligations on responsible parties became enforceable on 1 July 2021. The 4 fact sheets summarise certain important principles that assist in...
Beautiful news about Marilyn May of Atlantic Hope
Every day we hear bad news. Please open the link below to watch a short clip of beautiful news!!!!!! It was filmed some time ago. - Marilyn May, Atlantic Hope | MD client "The safety mother opening her home to hundreds of abandoned babies" https://bit.ly/3FW4wJu
Working From Home And Possible Tax Deductions – Do You Qualify?
After 2 years of Covid, how has SARS aligned the tax deductions with the “new normal” with many South Africans still working from home (permanently or temporarily) - can you claim for “home office” expenses, and how does this impact your taxes?? Currently, SARS tax...
TAX MATTERS: Ombud flags repeat taxpayer verification, dispute resolution delays and debt offsets as concerns for SARS
Post shared courtesy of: Marianne Merten | https://www.dailymaverick.co.za/ "Finalising income tax return verifications is one of three systemic concerns of the Tax Ombud, as illustrated by Fairness for All Case 13, or the taxpayer whom the tax collector verified five...
Commencing work as a Business Rescue Practitioner by Dave Rich
Commencing work as a Business Rescue Practitioner, an article written by: Dave Rich of MD Accountants & Auditors Inc. http://magazine.accountancysa.org.za/asa-may-2022?m=52861&i=746780&p=66&ver=html5 Accountancy South Africa | SAICA | May 2022 full...
PAYE Annual Reconciliation – Tax year 1 March 2021 – 28 February 2022
The Annual Reconciliation Declaration (EMP501) submission period has opened on 1 April 2022 with the final submission deadline being 31 May 2022. Employers who comply fully, in turn, make it easier for their own employees to fulfil their individual tax obligation when...