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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...
MD’s Current News | April 2022
MD's 2022 News | January - April 2022 A lot has happened in the last few months! Please find the summary of our latest news below: Taxation Blog 2022/2023 Tax Card NB: EXCON changes in Budget NOTICE TO ALL EMPLOYERS - W.As8/ Return of Earnings 2021 (February 2022...
2022/2023 MD Tax Card is now available!!!
Click on the image below for MD’s current Tax Card for your easy referral (2022/2023): Prior years MD Tax Cards and MD Tax Guides here.
NB: EXCON changes in Budget
We have highlighted important changes for your easy referral: Tax-and-Exchange-Control-Alert-17-March-2022 Post shared courtesy of: Cliffe Dekker Hofmeyr
Don’t Accidentally Disqualify Your Chosen Heirs from Inheriting!
Article Provided by Spencer-Pitman Attorneys and Conveyancers ©LawDotNews Don’t Accidentally Disqualify Your Chosen Heirs from Inheriting! “Death is not the end. There remains the litigation over the estate.” (Ambrose Bierce) Your will (“Last Will and Testament”)...
Accounting and Auditing Department function
Last week Friday our Accounting and Auditing Departments got together and had an afternoon of games, pizzas, welcoming of new staff to their team, and hilarious questionnaires to get to know each other better. Fun was had by all, thank you to Tarryn-Leigh for...
NOTICE TO ALL EMPLOYERS – W.As8 /Return of Earnings 2021 (February 2022 period)
The 2021 Return of Earnings (ROE) for Compensation for Occupational Injuries and Diseases Act (COIDA) submission deadline has been extended to 31 May 2022 (the initial deadline was 31 March 2022). The Workmen’s Compensation website for online submission/transacting on...
SARS fixed tax rate on Retirement incomes – 2022/2023 tax year
With the change in legislation from 1 March 2022 onwards, taxpayers who have multiple sources of income and Retirement income will be contacted by the Retirement Funds. The Funds are now required to deduct a higher rate of PAYE in line with the taxpayer’s total income...
Newsflash | Mandatory vaccination: What has the new Code of Practice changed?
Post shared courtesy of: Lauren Salt Employment | Executive lsalt@ENSafrica.com Mandatory vaccination: What has the new Code of Practice changed? On 15 March 2022, the Department of Employment and Labour issued a Code of Practice on managing exposure to COVID-19 in...