5 Top tips to use during a SARS VAT Verification

Following a discussion with fellow senior employees at the MMS Group we felt it necessary to share some essential tips regarding the SARS VAT verification process. It is essential that the correct documents are submitted within the correct timeframe. If you do not submit the correct information or insufficient information or you submit the documents late, SARS can: Change the […]

The Financial Sector Regulation Act

President Jacob Zuma signed the Financial Sector Regulation Act on Monday 20 Aug 2017. This Act aims to achieve a financial system that will work in the best interest of financial clients, and will support a sustainable and balanced growth for the country. It will establish a regulatory and supervisory framework in conjunction with other financial sector laws, which will […]

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 each year.┬áThis means that a provisional taxpayer must, during every period, submit an estimate of their total taxable income which will be made in that year of assessment. If the […]