Latest News

June 20, 2017

Technology and accounting systems

For a long time, the popular perception of accountants has been that they’re number-crunching, bean-counting robots – there to perform a function and undertake a task, not to provide insights […]
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 […]
June 20, 2017

MMS is growing! New office opening in Cape town

We are opening a new MMS office in Bellville, Cape Town, which will be under the reins of Dirk Bester and Reinier Duraan. Together, Dirk and Reinier have more than […]
May 30, 2017

Should you be looking at a tax-deductible Section 12J investment?

Section 12J (Venture capital investments) came into operation on 1 July 2009, and in the current market environment, alternative investments are attracting a lot of attention. Venture capital companies (VCC) […]
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 […]
April 25, 2017

VDP and SVDP, what does this mean for me?

What is VDP? A VDP (Voluntary Disclosure Programme) is a process by which SARS extends an opportunity to taxpayers to regularise their tax affairs by disclosing any defaults on their […]
April 5, 2017

SARS releases new ruling on documentary requirements for VAT purposes

In February 2015 the South Atlantic Jazz Festival (Pty) Ltd successfully appealed a judgment of the Tax Court to the Full Bench of the Western Cape High Court (reported as […]
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 […]