Latest News

September 5, 2018

Important communication from UNISA – 2019 year of intake

Important communication from UNISA – 2019 year of intake Dear Training Officer and Training Office Administrator. SAICA has received the information below from UNISA, please pass this along to your […]
June 1, 2018

7 Tips to help you cope with exam stress

A little stress can be a good thing: it can be the motivational push that we need to get things done. However, sometimes, dealing with stress (especially during exam season) […]
February 23, 2018

2018/2019 Tax Guide Now available for download

The 2018/2019 MMS Tax Guide is available.Please click here to download the latest guide.
February 22, 2018

2018 Budget Speech Summary

On 21 February 2018, Finance Minister Malusi Gigaba delivered his 2018 Budget Speech. How does the Budget Speech affect you or your business? Hereby a summary of the most significant […]
February 19, 2018

UIF obligations on foreigner/expatriate employees in South Africa

There are frequent questions with regards to UIF contributions and benefits payable to foreign/expatriate employees in a Company. Under the Unemployment Insurance Contributions Act, these amendments have an effect as […]
February 19, 2018

Separating business and personal expenses (part 1):
Why is it necessary?

Owners of part-time and small businesses e.g. multi-level marketers, estate agents, consultants and self-employed sole proprietors, often use one bank account for personal and business purposes, resulting in business and […]
February 19, 2018

Provisional Tax penalties on underestimation of income

Provisional taxpayers are generally those taxpayers who earn income from sources other than a salary. In other words, PAYE is not deducted from these other sources of income on a […]
February 19, 2018

Terminating temporary VAT relief of residential property letting

While most sectors of the South African economy celebrated the expectations of stable growth under a more business-friendly regime in 2018, these celebrations would have been somewhat subdued around the […]
February 6, 2018

A message from the MMS Group directors

With the new year in full swing, it is important to take a moment and reflect on 2017 and all the highlights to give us that extra boost of motivation […]
February 6, 2018

Tax clearance certificates

Taxpayers may require SARS to issue them with a tax clearance certificate for various reasons. This includes a general confirmation that the relevant taxpayer’s affairs are all in order and […]
February 19, 2018

Separating business and personal expenses (part 1):
Why is it necessary?

Owners of part-time and small businesses e.g. multi-level marketers, estate agents, consultants and self-employed sole proprietors, often use one bank account for personal and business purposes, resulting in business and […]
February 6, 2018

Keep your business growing

Having a successful business means ensuring that it continues to grow. Without growth, your business will eventually run dry and stagnant. But with the added responsibility of maintaining your business […]
July 26, 2017

The Concept of Scalability

What is scalability? Scalability describes how easy it is to expand a business model and grow its revenue significantly, without equally increasing its cost base. Relative to its fixed cost […]
June 20, 2017

Section 19 of the FAIS Act and the relevant submissions to the FSB

Section 19 of the FAIS Act states that financial statements must be submitted by all Authorised Financial Service Providers to the registrar, not later than four months after the end […]
June 20, 2017

Inventory control: Saving your business money

What is Inventory control Inventory control is the process whereby management ensures that inventory on hand is kept safe and in such a manner that it would enhance the entity’s […]
May 30, 2017

King IV™ Applicability of The Code™:

King IV™ is voluntary applied, on an Apply and Explain basis. It applies to all organisations, regardless of their form of incorporation. It is structured as a Report that includes […]
May 16, 2017

Non-Executive Directors (NEDs): Have you registered for VAT?

SARS recently published two Binding General Rulings (number 40 and 41) that have put the tax treatment of non-executive director’s fees to bed, which will come in effect on 1 […]
June 29, 2016

Succession planning

Owning a business requires careful succession planning and is part of your estate planning as you have to determine who will succeed you, or who will purchase your shares, or […]
April 25, 2016

Red flags: financial reasons why small businesses fail

Many people dream of starting their own business. Few of the dreamers get as far as actually starting a business. Even fewer of the businesses survive in the long-term. Too […]
January 25, 2016

Business Ethics

There is a misconception that if a business complies with all legal requirements, it also has good business ethics. However, legal compliance does not automatically equate to morally sound business […]