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 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 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 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 6, 2018

Welcoming Tax news for franchise owners

The Tax Court has upheld a decision that a tax deduction allowed by section 24C of the Income Tax Act may be applied to franchisee costs. Section 24C permits the […]
November 29, 2017

SARS to intensify action against tax offenders

Despite the fact that SARS has upheld their philosophy of education, service, and thereafter enforcement, they have noticed an increase in taxpayers not submitting their tax returns by the stipulated […]
November 29, 2017

When and how to apply for Tax Directive – IRP3(a) and IRP3(s)

A Tax directive is issued in accordance with paragraph 9(1) of the Fourth Schedule. The tax directives are always issued in relation to a specific tax year. The tax directive […]
August 14, 2017

Avoid Interest and Penalties, submit your Provisional Tax Return

Provisional tax payments must be made by natural persons registered for provisional tax (including other registered tax payers with a February or August financial year-end) on or before 31 August […]
July 26, 2017

Submit your 2017 Income Tax Return and avoid penalties

Annual Tax season is here, and Income Tax return submissions began 1 July 2017. We’ve taken the liberty of answering frequently asked questions individuals may have. The South African Revenue […]
April 5, 2017

Section 7C – Tax implications for interest free loans to a trust

The Revised Draft Taxation Laws Amendment Bill, 2016 has been approved by Parliament, and although not promulgated yet, it has progressed to a point where we can reasonably expect it […]
February 2, 2017

Tax implications of international branches

Irrespective of whether a South African company is expanding its business offshore, or whether international businesses set up shop in South Africa, companies trading internationally are often confronted with the […]