2nd 2021 Provisional Tax Information Request

MD’s email sent out for this post | https://bit.ly/3sBo92A   We are in the process of preparing the second provisional tax returns for the 2021 tax year, due for submission to SARS by 26 February 2021. We would, therefore, appreciate it if you could furnish us with either a copy of your latest payslip OR the total of […]

read more

COIDA: EXCLUSION OF DOMESTIC WORKERS INVALID: Employers’ contributions cannot be backdated

COMPENSATION FOR OCCUPATIONAL INJURIES AND DISEASES ACT EXCLUSION OF DOMESTIC WORKERS INVALID Employers’ contributions cannot be backdated  by Jaco Swart The Constitutional Court, on 19 November 2020, confirmed an earlier judgment of the High Court which declared the exclusion of domestic workers from the definition of an “employee” for purposes of the Compensation for Occupational […]

read more

TERS – FINAL opportunity to claim – Do not Miss out!

MD’s email sent out for this post | https://bit.ly/3fJ76FB   We have seen many changes with the COVID-19 Temporary Employee Relief Scheme (TERS) applications and processes over the last 8 months, but we have still had success with most of our applications. The Department of Labour has announced that the extended period for 16 September […]

read more

Repayment of SARS Covid-19 Employees’ tax deferral – reminder of repayment obligation

MD’s email sent out for this post | https://bit.ly/3d8jwp6   During April 2020 the president announced certain measures to assist employers during the Covid-19 lockdown. One of these included a deferral of the monthly Employees’ tax due to SARS for qualifying employers. The deferral of 35% of the PAYE liability from 1 April 2020 – […]

read more

SARS EMP501 Interim Submission – August 2020 period

MD’s email sent out for this post | https://bit.ly/2HZH97R   The Bi-annual August 2020 PAYE reconciliation period is from 15 September 2020 – 31 October 2020. – All employers must prepare and submit their declaration (EMP501) and employees’ IRP5’s to SARS reconciling the PAYE/SDL/UIF paid during the period 1 March 2020 to 31 August 2020. […]

read more

TERS – final opportunity to claim – Do not Miss out!

MD’s email sent out for this post | https://bit.ly/31dHuew   We have seen many changes with the COVID-19 Temporary Employee Relief Scheme (TERS) applications and processes over the last 4 months, but we have still had success with most of our applications. The final July/August 2020 claim period has now been opened  (this would cover […]

read more

2020/2021 MD Tax Card

MD’s email sent out for this post | https://bit.ly/2CxLJrC As we navigate these challenging business conditions and enter a period of ever-greater SARS oversight, we have printed an updated, easy to use tax card which we are sure you will find useful. Please visit our website to access the 2020/2021 tax card and the printed […]

read more

MD Tax Card 2020/2021

MD Tax Card 2020/2021 – click on the image below. Prior years MD Tax Cards and MD Tax Guides here.  

read more

SARS Automatic Assessments for Individual Taxpayers

MD’s email sent out for this post | https://bit.ly/2BIAf4i In line with SARS’ new “auto-assessment” process, SARS will be issuing assessments automatically to some taxpayers without submission of a tax return. Auto assessments will be based on data received from employers and third-party data providers (e.g. medical schemes and financial institutions) – if you have […]

read more

Working from home & possible tax deductions – do you qualify?

MD’s email sent out for this post | https://bit.ly/2ZWCyKo With the arrival of the Covid-19 international pandemic, more and more South Africans are adjusting to “the new normal”, with working from home becoming the current reality for many employees. As you may be aware, the travel costs between your home and your employer’s office are […]

read more