Important changes to payroll Covid-19 measures – 01 April 2020 to 31 July 2020

Author Archives: MDACC

Important changes to payroll Covid-19 measures – 01 April 2020 to 31 July 2020

MD’s email sent out for this post | https://bit.ly/2UbLnMV On 21 April 2020, further tax relief measures were announced by the President and SARS has since clarified a few finer points which have an impact on your payroll (which includes some back-dating of regulations). We are here to assist you to navigate this challenging period […]

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Director delinquency ruling – Stephanie Phillips | Compliance Officer

MD’s email sent out for this post | https://bit.ly/3eAHwRm We alert you to the recent High Court of South Africa judgement that has seen former SAA Chair, Dudu Myeni, being declared a delinquent director in terms of the Companies Act. Judge Ronel Tolmay found that Ms Myeni had comprehensively failed to fulfil her duties as […]

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Director delinquency ruling

“IoDSA welcomes delinquency ruling and calls for directors to commit to education Recent High Court of South Africa judgement has seen former SAA Chair, Dudu Myeni, being declared a delinquent director in terms of the Companies Act. Judge Ronel Tolmay found that Ms Myeni had comprehensively failed to fulfil her duties as a director and […]

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Covid/BEE: Covid-19 and B-BBEE

“Some of the protests against the application of B-BBEE to COVID-19 Government measures are misinformed, says Kate Moloto, Chairperson of ABP The Government’s response to the COVID-19 Pandemic has given rise to a wave of calls to “abandon B-BBEE or at least place it on hold”. On 30 April 2020, North Gauteng High Court Judge, […]

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Trading through the Crisis

In the current difficult business climate, many businesses will face cash flow difficulties brought about by the COVID 19 crisis. You may look to utilise some of the financing options that Government has facilitated to see you through these difficult times, We have summarised these options here. If the business is encountering cash flow problems […]

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Reminder – Deadline for February 2020 EMP501 Employer submission to SARS 29 May 2020

MD’s email sent out for this post | https://bit.ly/2WRb5Ih SARS is reminding Employers to submit the annual February 2020 payroll information to them on or before the deadline of 29 May 2020. Employers who comply fully, in turn, make it easier for their own employees to fulfil their individual tax obligation when the Filing Season […]

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Sukuma Relief Programme update

MD’s email sent out for this post | https://bit.ly/2z9qb2M Despite the fund closing applications on 6 April 2020 (3 days after it opened), prospective applicants were asked to register on a waiting list whilst they work through the applications received. Good news!! Sukuma is starting to contact those on their waiting list. If you registered […]

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The reality of Business Rescue after the lockdown

You have heard about Business Rescue, but do you know how it might help you (or a friend, or a customer, or a supplier)? A national state of disaster was declared on 15 March 2020 and was followed by a nationwide lockdown for a period of 21 days on 27 March 2020. This lockdown was […]

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Demand for scarce business rescue practitioners is likely to soar

Post shared courtesy of BusinessDay | https://bit.ly/2X7MPSu “There are probably not enough of these practitioners to cope with the demand produced by the Covid fallout 14 MAY 2020 – 15:02 by ERIC LEVENSTEIN   The economic fallout caused by Covid-19 in SA will mean a dramatic increase in corporate failures, raising the question of whether […]

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Basic Timeline and Procedure in a Business Rescue Matter

Click on the image below for our Basic Timeline and Procedure in a Business Rescue Matter document for your easy referral:  

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