All News. All Blogs.
Congratulations to Lynton Raath on passing his ITC exam! We are super proud of you! Next Board Exam and CA(SA)
Our ladies were celebrated on Tuesday
Michelle Obama said that "There is no limit to what we, as women, can accomplish." And we thank all the incredible women at MD who help us to accomplish our vision each and every day. We are so proud of you all!
Major names in BEE investigation
Business Day reports that the BEE Commission is investigating several companies and entities for allegedly violating the B-BBEE Act. Major names amongst those under investigation include Netcare, Nokia, MTN, Eskom and the South African Social Security Agency (Sassa)....
Mandela Day 2017
We celebrated Mandela Day by collecting books and donating them to John Nicholson’s children’s library. In 2005, John, who lives near Lavender Hill, converted his backyard into a library so that children in the area would have a place to read, do homework, and play...
Strat Feedback Presentations
On 27th October 2017, Team Consolidated presented their Strategy feedback. Jenine Mentoor and her group delivered an absolute cracker of a presentation refreshing everyone’s mind on how the wheel turns and who’s who at MD. They unpacked the MD Vision by utilising...
Suspension of the implementation of Mining Charter 3
The Minister of Mineral Resources has suspended implementation of the controversial Reviewed Broad Based Black-Economic Empowerment Charter for the South African Mining and Minerals Industry, 2016, gazetted on 15 June 2017 (Mining Charter 3). On 14 July 2017, the...
Start of 2017 Tax Season – what you need to know to save you time and costs!
1 July was the official start of the 2017 tax season and SARS is encouraging all taxpayers to use SARS e-filing channels to file their tax returns and avoid those never-ending queues at the SARS offices!!! Deadline Dates: Manual 2017 tax return submission (by...
Last chance to get up to date with your SA Reserve Bank and SARS declarations – are you compliant?
Have you disclosed all your offshore assets to the South African Reserve Bank (SARB)? (disclosing foreign assets on your annual tax return does not mean they have been disclosed to SARB!) The need for this disclosure is required regardless of how you have accumulated...
We welcome Majdah Jattiem who joined MD as a Personal Assistant to Alexis and Dave
Documents for Public Comments – 2017 Draft Taxation Laws Amendment Bill and Draft Tax Administration Laws Amendment Bill
National Treasury and the South African Revenue Service (SARS) published the 2017 Draft Taxation Laws Amendment Bill (TLAB) and the 2017 Draft Tax Administration Laws Amendment Bill (TALAB) for public comment on 19th July 2017. Watch this space for an update of what’s...
Employee’s Tax information required for 1st provisional return for 2018
We are in the process of preparing the first provisional tax returns for the 2018 tax year, due for submission to SARS by 31 August 2017. We would therefore, appreciate it if you could furnish us with either a copy of your latest payslip OR the total of your PAYE...
Urgent – Resubmission of 2017 Employer Annual Reconciliation Declaration (EMP 501) and Updated IRP5 Certificates
Urgent message from SARS: RE-SUBMISSION OF 2017 EMPLOYER ANNUAL RECONCILIATION DECLARATION (EMP 501) AND IRP5/IT3(a) CERTIFICATES Dear Employer We kindly request your cooperation in the matter described below. BACKGROUND With the implementation of the Retirement...
This year, we at MD are taking part in Nelson Mandela’s vision and demonstrating our values and show of support in serving humanity. We have chosen to contribute as Staff by donating 67 books to a Children’s Library in Lavender Hill.
“What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead.” – Nelson Mandela Today is Nelson Mandela's birthday, and the call is out...
We welcome Marsha Smith who joined MD as an Audit Senior
Breaking News: SARS released an official statement regarding personal income tax refunds
Taxpayers that are expecting a refund should note that SARS has implemented additional risk processes to ensure both the legitimacy and accuracy of the refunds paid. Accordingly SARS require a little more time in processing and paying the refunds.
Intellectual property tax and exchange control reform – the details revealed
Author: Jens Brodbeck and Lavina Daya (ENSafrica) One of the main surprises in the 2017 South African Budget Review was the announcement of what appeared to be a real shift in policy in respect of the tax and exchange control treatment of certain intellectual property...
Congratulations to Jenine and Kirk on the birth of your baby girl Kirsten!
May she bring you lots of joy, love and laughter.
HIGHLIGHTS Mining Charter June 2017
The Minister of Mineral Resources revealed the Reviewed Broad Based Black-Economic Empowerment Charter for the South African Mining and Minerals Industry, 2016 (“Mining Charter 3”) on 15th June 2017 amidst considerable uproar, with industry stakeholders expressing...
We welcome Tasneem Nazier who joined MD as a SAIPA Article Clerk!
Amended Property Sector Code Gazetted
The long awaited Amended Property Sector Code was gazetted on 9th June under Gazette 40910. The scorecards are as follows: Any enterprise with an annual total turnover of R10 Million or less qualifies as an Exempted Micro-Enterprise. Despite the above, measurement of...
Registration of major B-BBEE transactions
On 9th June 2017, the Department of Trade and Industry published a notice in Government Gazette 40898 setting out the final thresholds for registration of Major B-BBEE Transactions. In terms of the notice, any Major B-BBEE Transaction having a Transaction Value of at...
AGRO-PROCESSING PROGRAMME
The DTI has just launched the “Agro-Processing Support Scheme” that encompasses quite a broad range of Qualifying Activities: Description of Qualifying Processes/Projects New and existing agro-processing/beneficiation projects. This can also involve a wide range of...
B-BBEE Commissioner Practice Guide 02 of 2017 Application of the Old Generic Codes
ICT Amended Sector Code clarification notes
The following important aspects of the clarification notes issued by the ICT Sector Council can be found under the FAQ section of their web site http://www.ictsectorcouncil.org.za: Sub-Minimums: A measured entity under the ICT sector code has to meet 8 distinct 40%...
Gallivanting Goose Team Building 11 May 2017
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