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 deadlines, and not settling their outstanding debt with SARS. This is not limited to the current tax year but includes substantial non-compliance across previous tax years. It is for this […]

Converting from conventional accounting software to cloud based accounting software

When we start speaking to clients about the potential move the cloud, we are usually met with uncertainty, as users are accustomed to their desktop software which they have been working on for a number of years. Some of the questions which we face on a daily basis include: “How do you get all my data from system X to […]

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 percentage already takes into account expense claims and deductions that may be claimed on assessment – therefore, the tax directive percentage must be applied to remuneration and not balance of […]

Thuthuka Fund

MMS Group and the Thuthuka Bursary Fund – Together punching above our weight In line with our driving values: Connect, Understand, Solve, MMS is proud be partakers and contributors to the Thuthuka Bursary Fund. Through our involvement in this SAICA initiative, we assist students from disadvantaged communities in their accounting studies to obtain their CA (SA) qualification and contribute to […]