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Trusts welcome DTIC Minister Patel’s support for ownership schemes
https://www.iol.co.za/business-report/economy/trusts-welcome-dtic-minister-patels-support-for-ownership-schemes-db44b85f-35b3-478d-a507-04e516d68976 DURBAN - A COLLECTIVE of six of South Africa’s broad-based black economic trusts yesterday welcomed Department of...
FORFEITURE OF SEVERANCE PAY
This recent case highlights the need for employees to approach retrenchments with care. Being too hard-nosed can be counterproductive. Forfeiture of severance pay – “you snooze, you lose” December 2020 By GAEL BARRABLE AND MZAMO DANANA Cowan-Harper-Madikizela,...
MD’s Top Tax Savings Tips – Ahead of the Budget on 24 February 2021!!!
With the upcoming Budget on 24th February 2021 and the current economic climate (SARS will try to find every possible way to increase collections!), we are expecting a tough Budget and increased taxes. The following comprehensive year-end tax planning guidance and...
UIF launches e-compliance certificate system
The Unemployment Insurance Fund (UIF) is embracing technology in a big way and has finally launched its highly anticipated E-Compliance Certificate online system. This will enable employers, small businesses and entrepreneurs to apply for a UIF compliance certificate...
MD’s Top Tax Savings Tips ahead of the Budget on 24th February
With the upcoming Budget on 24th February 2021 and the current economic climate (SARS will try to find every possible way to increase collections!), we are expecting a tough Budget and increased taxes. The following comprehensive year-end tax planning guidance and...
Potential taxes to fund the vaccine. Be prepared and plan now before the Budget!
MD's email sent out for this post | https://bit.ly/36TMUNW With a tough budget expected on 24 February 2021 to fund the Pandemic losses and the roll-out of the vaccine we could potentially see increased taxes through Dividends Tax, Capital Gains Tax, Donations...
Employment Equity Amendment Bill described as a “game-changer”
Recently the Parliament’s Portfolio Committee on Employment and Labour has called for public comment on the Employment Equity Amendment Bill. The bill has been described by President Cyril Ramaphosa as a ‘game-changer’ for Black Economic Empowerment in South Africa....
Are you being sold a dubious B-BBEE share option scheme? Hear what the B-BBEE Commission has to say…
This is the typical scenario presented: A QSE company (under R50m turnover) is non-compliant. They are advised to set up a separate company that would have 100% black shareholders (either black employees or an NGO) and this company would have a 51% share option in the...
FILING SEASON 2020: DEADLINE FOR ONLINE FILERS EXTENDED
https://www.sars.gov.za/Media/MediaReleases/Pages/28-January-2021-SARS-extends-Filing-Season-deadline-for-online-filers.aspx SARS EXTENDS FILING SEASON PROVISIONAL TAXPAYER DEADLINE FOR ONLINE FILERS “SARS extends Filing Season deadline for online filers” – for more...
Businesses reminded of City support to offer relief
05 January 2021 COVID-19 has had a significant economic impact, causing many businesses to suffer reduced income. In light of this, the City of Cape Town would like to remind businesses of the available support that can offer some relief. Businesses are reminded and...
2nd 2021 Provisional Tax Information Request
MD's email sent out for this post | https://bit.ly/3sBo92A We are in the process of preparing the second provisional tax returns for the 2021 tax year, due for submission to SARS by 26 February 2021. We would, therefore, appreciate it if you could furnish us...
Changes to the South African Exchange Control Rules
Click here for the Webber Wentzel attachment: https://www.mdacc.co.za/wp-content/uploads/2021/01/Changes-to-the-South-African-Exchange-Control-Rules.pdf As background, in 2020 the Minister of Finance’s announced in the 2020 Medium Term Budget Policy Statement that the...
MD are now on Instagram too!!!
Visit us on Instagram now too! For the latest information, news and blogs regarding MD and the financial industry!! https://www.instagram.com/mdaccountants/ MD Accountants & Auditors Inc. @mdaccountants Financial Leadership through Professional Excellence • Acc •...
15 Years with the MD Team and counting…
Congratulations. 03 January 2006 (2021)
Congratulations to Amanda Kungwayo – 15 years with MD today!
~ Amanda Kungwayo ~ 03 January 2006 - 2021 A BIG congratulations from our entire MD team to you – well done, thank you, and keep it up! Happy 15 years!!! Amanda Kungwayo | Administration Assistant
PAIA manual | MD ACCOUNTANTS AND AUDITORS INCORPORATED | Date of revision: 15/12/2020
Click on the image below to access the updated manual for MD: (https://www.mdacc.co.za/index.php/paia-manuals/)
Season’s Greetings
Season's Greetings from MD! 2020 was more than we could ever have envisaged when we all began 20plenty with such enthusiasm and excitement. We had just appointed our Associates and we were looking forward to another year of making a difference to our clients,...
COIDA: EXCLUSION OF DOMESTIC WORKERS INVALID: Employers’ contributions cannot be backdated
COMPENSATION FOR OCCUPATIONAL INJURIES AND DISEASES ACT EXCLUSION OF DOMESTIC WORKERS INVALID Employers’ contributions cannot be backdated by Jaco Swart The Constitutional Court, on 19 November 2020, confirmed an earlier judgment of the High Court which declared the...
20 Years with the MD Team and counting…
Congratulations. 01 December 2000 (2020)
Congratulations to Juanita Roman – 20 years with MD today!
~ Juanita Roman ~ A BIG congratulations from our entire MD team to you - well done, thank you, and keep it up! Happy 20 years!!! Juanita Roman | Associate MD's Taxation Department Meet the Team 20 Year Anniversary!
BEE pioneers fight for their legitimacy
Department of Employment and Labour welcomes Constitutional court judgement on domestic workers
The judgement by the apex court affirmed the earlier decision last year by the High Court which found the exclusion unconstitutional. In the judgement, the court found that excluding domestic workers from the definition of employee excluded them from the “social...
TERS – FINAL opportunity to claim – Do not Miss out!
MD's email sent out for this post | https://bit.ly/3fJ76FB We have seen many changes with the COVID-19 Temporary Employee Relief Scheme (TERS) applications and processes over the last 8 months, but we have still had success with most of our applications. The...
Legal Sector Code
Click on the image below to view the Legal Sector Code document:
CIPC Regulatory Compliance Obligations to re-commence 01 DECEMBER 2020
We draw your attention to the CIPC Notice 49 of 2020 advising that CIPC will begin regulatory compliance obligations again with effect from 01 December 2020. The CIPC had previously advised that the filing period for Annual Returns which fell within the National...