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Section 45 Companies Act – Financial Assistance
Section 45 is not a new section of the Companies Act. However, CIPC now requires you to note your compliance with this section as part of the new CIPC Compliance Checklist. It is a punitive section and can result in personal liability for the directors of a company or...
COVID-19 MD Contingency Plan
COVID-19 MD Contingency Plan We have been closely monitoring the recent developments concerning the COVID-19 pandemic and the impact that it is having on a global scale. Due to several cases confirmed in South Africa, and the Western Cape, in particular, we would like...
SARS updates – interest rates, foreign exchange rates, subsistence & reimbursive travel
SARS issued updated notices and schedules during the first week of March 2020 which may be of interest to you or affect your staff: Subsistence Allowance rates and advances for both local and foreign travel (with effect from 1/3/2020): Rate per day (local) - R139 for...
MD Accountants & Auditors Inc. | 2020 Budget Speech Summary
2020/2021 Tax Guide
2020/2021 Tax Guide We are excited to launch our new electronic tax guide to assist you with the tax legislation. To access the PDF version please click here. Contact us to help you to be the best you can be! MD Annual Tax Guides
Skills Development and tax savings
Skills development is a priority element in terms of your B-BBEE scorecard. 40% compliance with this priority element is required to score points. Failure to comply will result in the measured entity being discounted one level from the level actually achieved in terms...
New BEE regulations for South Africa’s ICT sector
New BEE regulations for South Africa’s ICT sector Staff Writer 17 February 2020 The Independent Communications Authority of South Africa (Icasa) has published new draft employment equity regulations for the ICT sector. The purpose of the draft regulations is to...
Employment Equity Amendment Bill to bring about real transformation
SAnews.gov.za Wednesday, 19 February 2020 Second Edition Today’s Features Employment Equity Amendment Bill to bring about real transformation Feature: Employment Equity Amendment Bill to bring about real...
Safeguard yourself against possible dividend tax rate increases, CGT increases and VAT increases on 26th February 2020
With spending challenges and a shrinking tax base, many commentators are expecting a tough budget on the 26th February 2020. With individual tax rates already high, there are very few areas left to generate further revenue. The areas that may be targeted include...
SARS takes huge tech leap
Monday, February 3, 2020 The South African Revenue Service (SARS) has embarked on a journey that will see it embrace technological advancement. In a statement issued at the weekend, SARS said in the foreseeable future, its work will be informed by data-driven...
MD’s Top 10 Tax Savings Tips Pre Budget on 26th February
1. Did you know that the donations you make during your lifetime do not form part of your personal estate on death? And donations made by you up to R100,000 annually are exempt from donations tax? Therefore, you and your spouse should...
We are so proud of our three Associates!
As we embarked on this new and exciting decade, we were thrilled to welcome Danie Haumann, Fatima Bapukee and Juanita Roman as Associates from 1st January 2020. Danie, Fatima and Juanita share our vision for MD and are as passionate about service delivery and our...
Congratulations to Emmanuel on your precious new bundle of joy!
We congratulate Emmanuel and Mediline on the birth of their brand new baby boy on 09 January. The now family of three are doing well, and we wish them all of the happiness and love this little one will bring them going forward.
Congratulations Emmanuel on your SAIPA Qualification
We congratulate Emmanuel Nyamutumbu, one of our Accountants, who has recently qualified as a Professional Accountant (SA). Well done, we are so proud of your achievements!
2020 Heralds an Exciting New Chapter at MD!
As we close off 2019 and look to the new year, we are thrilled to share some exciting news with you about our future. We are proud to announce that Danie Haumann, Fatima Bapukee, and Juanita Roman have been appointed as Associate Directors at MD, effective from...
Is your Company compliant? New requirement from 01 January 2020!
We are bringing the following very important and high-risk change to your attention: CIPC has introduced a Compliance Checklist to be completed as part of the Annual Return submission for all Companies (Proprietary Limited, Incorporated, Limited, State-Owned and...
Our year-end staff function
We celebrated 2019 this week with our annual year-end function. Much fun was had at Stardust Restaurant by all! We all look forward to working together again in 2020! - The MD Team
TITLE DEED LOST? ACT NOW
From 1 January 2020, the process of obtaining a certified copy of a lost or destroyed title deed, conferring title to land, a registered lease or sub-lease or a mortgage/notarial bond, will become considerably more onerous and costly. On this date, an amendment to...
Sector Code Alignment Process
In May, the Department of Trade and Industry (DTI) introduced amendments to the Code of Good Practice in Gazette 42496. These changes are a result of the repeal of the 2013 versions of the codes. While changes will be enforced during the first half of 2020, Sector...
Santa Shoebox Project
This year we once again partook in contributing towards the Santa Shoebox Project. Our staff enjoyed a teambuilding morning together, in each of their departments. Below are the beautiful boxes they created to be cherished this Christmas by those in need. Thank you to...
UIF gears up for parental leave and benefits, come 1 November 2019
Post by CDH marketing communications - Cliffe Dekker Hofmeyr "UIF gears up for parental leave and benefits, come 1 November 2019 Written by Michael Yeates and Arlina Ramothar On 1 November 2019, s8, 11, 15 and 16 of the Labour Laws Amendment Act 10 of 2018 (Act) comes...
Again the Gupta’s
The B-BBEE Commission found that Gupta-aligned companies used fraudulent BEE certificates to secure contracts and payments from State-owned enterprise Eskom. The commission found that the claimed level of black shareholding in Optimum was never verified, that Trillian...
Celebrating MD’s 22nd Anniversary and Bosses Day
Today we celebrated MD's 22nd Anniversary, with Dave and Alexis' Partnership. We also celebrated Bosses Day 2019 with Dave and Alexis. A happy day for the entire MD Team!
Micro-enterprises to get a boost from changes to procurement rules
Click here for the original article by: Moneyweb Current regulation impeding the implementation of projects – Department of Public Works. Roy Cokayne / 11 October 2019 00:06 It has been recommended that the 30% sub-contracting regulation be a condition of tender,...
‘Harsh’ new law to enforce transformation in South Africa
Click here for the original post by: BusinessTech Staff Writer 9 October 2019 The Commission for Employment Equity (CEE) expects the Amended Employment Equity (EE) Bill to be tabled in parliament before the end of October 2019. In a statement on Wednesday (9 October),...