All News. All Blogs.
Best Wine Farm experience… Spice Route are the winners!!!
We are so very proud of our client who continues to lead the way, not only with their award-winning wines but in their offering that they present to the thousands of local and international visitors to the farm. Spice Route details - Facebook | website We are so proud...
Taxpayers with outstanding returns summoned to face criminal charges
Taxpayers with outstanding returns summoned to face criminal charges South Africans abroad note. By Tax Consulting South Africa 24 Aug 2021 11:29 Click here for the article: bit.ly/38lwsGR
Important Notice – MD Contact details
In aligning ourselves with the new work environment we recently migrated our switchboard from a fixed to a data landline. Some clients have recently told us about problems being experienced with the answering of our switchboard line. It is important to note that we no...
Trustees Duties
Trusts & Estates Alert Article shared courtesy of: Cliffe Dekker Hofmeyr Click on the image below:
Taxing of income received in Trusts
If you have a Trust or are thinking about housing your assets in a Trust, you need to know who would bear the burden of the tax incurred on income received in the Trust. Please see the article linked below, and written by our Associate, Fatima Bapukee, on the taxing...
MD’s Current News | August 2021
A lot has happened in the last two months! Please find the summary of our latest news below: MD Taxation Blog New SARS Tax Relief Measures The widening of Criminal sanctions Extended COVID-19 TERS relief for certain categories of employees - Level 4 - now open! 1st...
POPIA has unexpected implications for B-BBEE Schemes
Article shared courtesy of: Webber Wentzel POPIA-has-unexpected-implications-for-B-BBEE-Schemes "Sharing personal information of trust beneficiaries to verify black ownership under the scorecards requires companies and trusts to be aware of POPIA requirements. Under...
Women’s Day 2021
In Celebration and acknowledgment of Women’s Day this year, MD's staff and management teams once again made a donation towards a very worthy beneficiary - The St George’s Home for Girls, (https://st-georges.org.za/), a child and youth care center. The center hosts 37...
National Treasury is developing new legislation that will “seek to enhance the transformation imperatives of the South African financial services sector”
Job creation can reboot SA's ICT transformation IT-Online Sector regulator Icasa introduced a raft of new B-BBEE rules earlier this year, including a requirement for companies to maintain 30% equity ......
New SARS Tax Relief Measures
EXPLANATORY NOTES ON THE EMERGENCY TAX MEASURES IN RESPONSE TO THE CONTINUING COVID-19 PANDEMIC AND RECENT UNREST IN THE COUNTRY - click here As announced by President Ramaphosa on Sunday, new Tax relief measures have been introduced to aid Employers suffering the...
SAICA’s action plan in response to the recent unrest
A follow-up to our email to clients and what our profession is doing: SAICA's action plan in response to the recent unrest The events that have played out in the country over the last few weeks have had an immense impact on all South Africans. The negative effect on...
The widening of Criminal sanctions
Post shared courtesy of: Patricia Williams | Partner Julia Choate | Senior Associate Bowmans South Africa Click on the image below to read the article:
Extended COVID-19 TERS relief for certain categories of employees – Level 4 – now open!
The Department of Labour has now extended the TERS benefits/claims for certain sectors still being affected by the level 4 lockdown – these are limited to the following: Employers (as listed in Annexure A) who were unable to operate in full/partially due to the...
Crypto Assets – Part 2
Article written by: Clyde von Willingh Part 2 article Please contact us for assistance: Tel: +27 (0)21 683 4834 | mdacc@mdacc.co.za | www.mdacc.co.za Clyde von Willingh | Senior Auditor | clyde.vonwillingh@mdacc.co.za...
Crypto Assets – Part 1
Article written by: Clyde von Willingh Part 1 article Please contact us for assistance: Tel: +27 (0)21 683 4834 | mdacc@mdacc.co.za | www.mdacc.co.za Clyde von Willingh | Senior Auditor | clyde.vonwillingh@mdacc.co.za...
1st 2022 Provisional Tax Information Request
We are in the process of preparing the first provisional tax returns for the 2022 tax year, due for submission to SARS by 31 August 2021. We would, therefore, appreciate it if you could furnish us with either a copy of your latest payslip OR the total of your PAYE...
Rebuilding and Responding
As a firm, we have watched with horror as the violence and looting have taken hold of various parts of our country over the past week. We know that this has shaken many of our clients and colleagues as they have watched these events unfold against the backdrop of the...
Mandela Day 2021
Remember the purpose In the spirit of Ubuntu, MD & staff have donated 201 tins of food to Ladles of Love on their initiative to build a 6.7km line of tinned food and donate it to those in need. We are so grateful to be able to make this contribution. Mandela Day...
Rebuilding and responding – how can we help you?
DISCLAIMER: Please be aware that URL links in this article will take you to an external website We have spoken to several clients to see how they are managing the devastating violence and rioting taking place in parts of South Africa. From our discussions, there are...
How “healthy” are your SARS tax affairs?
Over the last 2 years, SARS has increased their focus on the modernisation of their systems to deter the general non-compliance by many taxpayers. Your SARS compliance status also directly impacts Employment Tax Incentive (ETI) claims – in certain circumstances the...
Small mistakes or inadvertent errors could potentially land you in hot water with SARS
SARS has recently amended the rules relating to non-compliance transgressions which may land you in hot water with possible fines or even jail time: Non-compliant transgressions How can we help you minimise the potential risk? The slightest mistake could now have dire...
Small mistakes or inadvertent errors could potentially land you in hot water with SARS – including fines or even jail time – here is what you need to avoid!
A - 11 offences which could give rise to criminal liability, only if the taxpayer committed them with intent (offences that require wilfulness, where SARS has the heavier burden of proof): Submitting a false certificate or statement in relation to returns,...
POPIA: Practical implications for retail businesses | 14 July 2021
We recently received the below invitation to attend a Retail focused webinar on POPI and thought it may be of interest to you in the context of this complex legislation.
How To Better Manage Your Cash Flow
How To Better Manage Your Cash Flow
Business tips for surviving difficult times
Business tips for surviving difficult times updated2 Cashflow-Spreadsheet2