Budget Speech 2024 | How it affects you and your business

Author Archives: MDACC

Budget Speech 2024 | How it affects you and your business

Finance Minister Enoch Godongwana’s 2024 Budget Speech presents a mixed bag for taxpayers and businesses alike. While there are no major new taxes nor direct increases in personal income tax rates, the absence of adjustments for inflation means taxpayers won’t receive any “bracket creep” relief either. This move places a heavier burden on taxpayers amidst […]

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Congratulations to all of our Engaged MD Ladies

To Nicole, Celine, Priyanka, and Saadiqah, CONGRATULATIONS on each of your Engagements! We wish you so much happiness and love!

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MD’s Top Tax Savings Tips ahead of the Budget on 21st February 2024

With the upcoming Budget on 21st February 2024 and the end of the individual’s tax year looming on 29th February 2024, the following comprehensive year-end tax planning guidance and “tax saving tips” can help you to minimise your tax burden and protect your wealth. The incorrect timing could result in losing out on significant tax-saving […]

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Maximise Your Remuneration Planning and Save Tax | MD’s Top Tax Savings Tips ahead of the Budget on 21st February 2024

Maximise Your Remuneration Planning and Save Tax 1.  Maximise your company car or travel allowance with a detailed logbook: If you have received a travel allowance or have driven a company car during the 2024 tax year, you need to record your mileage reading as at 29th February 2024. It is compulsory for taxpayers who […]

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Maximise Your Wealth Planning and Save Tax | MD’s Top Tax Savings Tips ahead of the Budget on 21st February 2024

Maximise Your Wealth Planning and Save Tax 1.  Donations:  Donations made during your lifetime do not form part of your personal estate on death. Annual donations made by you up to R100,000 are exempt from donations tax – If you and your spouse each donate R100,000 per tax year to your Family Trust, your combined […]

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Congratulations on your Engagement Saadiqah!

Congratulations Saadiqah, wishing you every happiness in your journey together!!

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Congratulations on your Engagement Priyanka!

Congratulations Priyanka, wishing you every happiness in your journey together!!    

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2nd 2024 Provisional Tax Information Request

We are in the process of preparing the second provisional tax returns for the 2024 tax year –  due for submission to SARS by 29 February 2024. We would therefore appreciate it if you could furnish us with either a copy of your latest payslip OR the total of your PAYE (Employees tax) paid for the tax year […]

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Congratulations on your Engagement Celine!

Congratulations Celine! So much to celebrate and we’re so happy for you!  Wishing you every happiness in your journey together 

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Congratulations Celine on completing your SAIPA Articles!

Congratulations to Celine who officially completes her SAIPA articles today!!! Well done Celine! We are proud of you. Next up Board exam and Professional Accountant (SA)  We look forward to your next chapter with us!

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