Extended COVID-19 TERS relief for certain categories of employees – 1 January 2021 to 15 March 2021 now open!

Email sent out for this post | https://bit.ly/3emUGnD   The Department of Labour has now opened the claims for the period 1 January 2021 to 15 March 2021 for specified sectors only (see Phase 1 below) Please note that only certain categories of employees can claim TERS under this amended TERS directive: “Phase 1” – […]

read more

NOTICE TO ALL EMPLOYERS – W.As8 /Return of Earnings 2020 (February 2021 period)

MD email sent out for this post | https://bit.ly/2Pn68pJ   The 2020 Return of Earnings (ROE) for Compensation for Occupational injuries and Diseases Act (COIDA) submission deadline was extended to 31 May 2021. This return relates to the payroll tax year 01/03/2021 – 28/02/2021. If you are unsure whether your entity (as the employer) must […]

read more

Tax evaders should face jail time to curb rising non-compliance – Judge Dennis Davis

Retired Judge Dennis Davis wants tax evaders to end up behind bars. He believes it will be a real deterrent as the idea of going to jail certainly “concentrates the mind”. He says the fact that people own luxury cars and mansions, but pay very little tax is offensive, particularly in a society with unbelievable […]

read more

Domestic employees will now be entitled to compensation if they are injured or contract diseases while on duty

With effect from 10/03/2021, ALL employers of Domestic employees are required to register with the Department of Compensation for Occupational Injury and Diseases (COIDA) and submit the necessary annual returns. This means that Domestic employees will now be entitled to compensation if they are injured or contract diseases while on duty. This is also in […]

read more

2021/2022 MD Tax Card is now available!!!

Click on the image below for MD’s current Tax Card for your easy referral (2021/2022): Prior years MD Tax Cards and MD Tax Guides here.  

read more

Extended COVID-19 TERS relief for certain categories of employees

Email sent out for this blog post | http://bit.ly/38HkQOH   The Department of Labour has announced that the extended period from 16 October 2020 to 31 December 2020  is now open. The claims for the period 1 January 2021 to 15 March 2021 will be opened at a later stage. Please note that only certain […]

read more

MD’s Top Tax Savings Tips – Ahead of the Budget on 24 February 2021!!!

With the upcoming Budget on 24th February 2021 and the current economic climate (SARS will try to find every possible way to increase collections!), we are expecting a tough Budget and increased taxes. The following comprehensive year-end tax planning guidance and “tax-saving tips” can help you to minimise your tax burden and protect your wealth. […]

read more

UIF launches e-compliance certificate system

The Unemployment Insurance Fund (UIF) is embracing technology in a big way and has finally launched its highly anticipated E-Compliance Certificate online system. This will enable employers, small businesses and entrepreneurs to apply for a UIF compliance certificate (tender letter) without leaving the comfort of their homes of having to queue for manual issuance. The […]

read more

MD’s Top Tax Savings Tips ahead of the Budget on 24th February

With the upcoming Budget on 24th February 2021 and the current economic climate (SARS will try to find every possible way to increase collections!), we are expecting a tough Budget and increased taxes. The following comprehensive year-end tax planning guidance and “tax-saving tips” can help you to minimise your tax burden and protect your wealth. […]

read more

Potential taxes to fund the vaccine. Be prepared and plan now before the Budget!

MD’s email sent out for this post | https://bit.ly/36TMUNW   With a tough budget expected on 24 February 2021 to fund the Pandemic losses and the roll-out of the vaccine we could potentially see increased taxes through Dividends Tax, Capital Gains Tax, Donations Tax and the introduction of a new Wealth Tax. Dividends Tax Although […]

read more