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Protect your business from Cyber-attacks
On Friday 12th May, WannaCry a strain of Ransomware, hit thousands of computers worldwide. It is far more dangerous than other common ransomware because it is able to spread itself across an organisation’s network due to a vulnerability in Windows computers. How have...
Jenine’s babyshower
Dti up-scales Black Industrialists Programme
Johannesburg - The Department of Trade and Industry (dti) is scaling up its Black Industrialists Programme with a 100 black industrialists expected to receive support in the current financial year. Speaking at the launch of the ninth iteration of the Industrial Policy...
New IPAP to push for radical economic transformation
Johannesburg - South Africa’s newly launched Industrial Policy Action Plan (IPAP) is intended to contribute to radical economic transformation, Trade and Industry Minister Rob Davies said on Monday. “Let me start off by saying without any ambiguity that IPAP is...
Employment Equity stats remain unchanged
Pretoria – The 17th Annual Report of the Commission for Employment Equity indicates 68.5% of top management positions at South African companies are still occupied by white South Africans. Speaking before handing over the report to Labour Minister Mildred Oliphant on...
CSCC Gazette Update
We welcome Lara Visser who has joined us as a Senior Accountant
Amended Forest Sector Code Gazette Released
The Forest Sector Code was Gazetted on 21st April under Gazette no 40803 and is to be known as the Amended Forest Sector Code . This Code come into effect from that date. The relevant statement 10.1 states “This Amended B-BBEE Forest Sector Code is effective from the...
Urgent Payroll matters to be actioned in April and May 2017
There are a few important payroll related matters to be actioned during April and May 2017: W.As.8 Return of Earnings 2016 – due to Department of Compensation by 31/05/2017 The 2016 W.As. 8 Return of Earnings for Compensation for Occupational Injuries and Diseases...
Congratulations to Shetel Hoffman and Garin Joemath on your engagement!
Wishing you a wonderful journey as you build your new life together.
B-BBEE Commission – Practice Guide 01 of 2017
The enhanced recognition status of 51% and 100% black owned Exempted Micro-Enterprises and Qualifying Small Enterprises is not recognised where the Modified-Flow Through principle is applied due to the definition of a black owned entity being: An entity where black...
Introducing your MD Tax Team
At MD we strive to always provide our clients with excellent service. One of our greatest strengths over the years has been the quality and commitment of our staff to each client. This, together with the MD personal touch, is one of our core business principles and...
We welcome Chantal Williams and Walter Panaino who have joined our team as Tax Administrators
MD Tax Card 2017/2018
Critical Value Add Service for all Businesses
We have seen a significant increase in South African Revenue Service’s (SARS’) performance of audits as provided for in the Tax Administration Act of 2011 and other tax legislation. According to the 2013/2014 SARS Annual Report, SARS conducted in excess of 1.8 million...
A huge congrats to Jenine on passing her final exam and obtaining her degree!
Congratulations to Lynton on passing his supplementary exam and obtaining his CTA!
National Minimum Wage on the way – May 2018
Deputy President Cyril Ramaphosa announced yesterday that: “Agreements on measures to strengthen labour stability and collective bargaining and on modalities for the introduction of a national minimum wage” have been signed. In terms of the agreement on the...
Update On the Construction Sector Gazette
2017/2018 Tax Card
2017/2018 Tax Card We are excited to launch our latest Tax Card 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
NB!! Amendment to Dividend Tax implementation date
In yesterday's Budget Speech, the Minister announced that the new Dividend Tax rate effective 22 February 2017 will increase from 15% to 20% - this is bad news if you’re a shareholder or an investor as you will now pay 5% more than before in Dividend Tax. That means...
We welcome Ambrance Titus who has joined us in the Audit Department as an Audit Senior
Budget Speech Summary 2017
We welcome Candice Scritten who has joined us as a Company Secretarial Assistant!
1 March 2017: New legislation will prevent (perceived) tax avoidance using trusts
The 2016 Taxation Laws Amendment Act (TLAA) will come into effect on 1 March 2017, the revised draft of the Taxation Laws Amendment Bill ('TLAB') in October. The final version of the TLAB was published in December 2016, promulgated on 19 January 2017, and will come...