How to deal with a Department of Labour Inspection

Prepared by: Marilize Louwies (Director MMS) It is not uncommon for businesses to receive notices from the Department of Labour for an inspection at the business premises. It is also not uncommon for the inspection notice not to reveal what will be inspected and normally there is not much time afforded to prepare for these inspections. What can you expect […]

MEET OUR CAPE TOWN TEAM

Dirk Bester Dirk is a qualified Chartered Accountant (SA) and has over 10 years’ experience in accounting, tax, auditing, financial management, system and process implementation and improvement, which he gained while working at companies such as PwC and various subsidiaries of Imperial Holdings Limited. He has extensive knowledge and experience in the starting up, and management of, companies operating in […]

MEET OUR JOHANNESBURG TEAM

Paul Botha Managing director of MMS Entrepreneurial Services (Pty) Ltd – The Gauteng branch of the accounting division of the MMS Group. 19 years’ experience in the industry and 16 years at the MMS Group. My passion is to connect through real relationships with my clients, to understand the reason why they are passionate about their business and what their […]

MMS Joins Alliott Group to Extend Services to the International Market

Dear Reader, MMS, one of Johannesburg’s Top 10 auditing and consulting firms, has been appointed as the local representative member firm in Johannesburg for the Alliott Group. With over 165 member firms in 70 countries, Alliott Group offers independent, mid-market accounting and law firms the opportunity to extend nationally, regionally and globally with their clients through access to firms of […]

Removing directors of a company

The Companies Act, 71 of 2008, requires that the business and affairs of any company be managed by or under the direction of its board, which has the authority to exercise all of the powers and perform any of the functions of the company, except to the extent that the Companies Act or the company’s Memorandum of Incorporation provides otherwise […]

Minutes of board meetings

Board meetings and the decisions made during these meetings may be determining for the effective functioning of a company. Clients are therefore reminded of the legal requirements relating to board meetings as stipulated in Article 73(6), (7) and (8) of the Companies Act 71 of 2008, which should be strictly adhered to. The Act requires a company to keep minutes […]

Cost management: 7 tips for cutting business expenses

It is important for every business owner to make a maximum profit, both through sales and by maintaining strict financial discipline within the company. Implement sound practices from the start, and you will reap the benefits later. These seven tips on cost management will be beneficial for your small enterprise.  Watch expenses from day one. You might think that overspending […]

What’s the buzz about business rescue?

If a company/close corporation is in financial trouble and all possible avenues to save the business have been exhausted, there is one last option available to save the business: it can lodge an application for business rescue at the CIPC. In order to qualify for business rescue proceedings, the business must satisfy the requirements as set out in the next […]