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. […]

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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 […]

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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. […]

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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 […]

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FILING SEASON 2020: DEADLINE FOR ONLINE FILERS EXTENDED

https://www.sars.gov.za/Media/MediaReleases/Pages/28-January-2021-SARS-extends-Filing-Season-deadline-for-online-filers.aspx SARS EXTENDS FILING SEASON PROVISIONAL TAXPAYER DEADLINE FOR ONLINE FILERS “SARS extends Filing Season deadline for online filers” – for more information, access the media release. Deadline extended In the media release issued on 28 January 2021, SARS addresses the effect of the current COVID-19 wave in South Africa and states that it has […]

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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 […]

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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 […]

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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 […]

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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 – […]

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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. […]

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