Finance Blog
SARS detects a high number of suspicious VAT registrations
VAT SARS detects a high number of suspicious VAT registrations SARS has indicated that R381 billion in refunds were paid in the fiscal year 2022/23, of which R319 billion were VAT refunds. With the substantial increase in applications for VAT registrations, SARS has...
MD Accountants & Auditors Inc. | Budget 2022
Budget Speech 2022 | How it affects you and your business
In his 2022 budget speech, Finance Minister Enoch Godongwana revealed a more positive picture for government’s finances. The South African Revenue Service took in R182 billion more than expected in the past year. These stronger revenues allowed the Minister to...
NEW Draft Companies Amendment Bill – Snapshot Of Key Proposed Amendments
https://www.techfinancials.co.za/2021/10/04/new-draft-companies-amendment-bill-snapshot-of-key-proposed-amendments/ A new draft of the Companies Amendment Bill has been published. Although the Bill clarifies many important company law issues; several ambiguities...
Crypto Assets – Part 2
Article written by: Clyde von Willingh Part 2 article Please contact us for assistance: Tel: +27 (0)21 683 4834 | mdacc@mdacc.co.za | www.mdacc.co.za Clyde von Willingh | Senior Auditor | clyde.vonwillingh@mdacc.co.za...
Crypto Assets – Part 1
Article written by: Clyde von Willingh Part 1 article Please contact us for assistance: Tel: +27 (0)21 683 4834 | mdacc@mdacc.co.za | www.mdacc.co.za Clyde von Willingh | Senior Auditor | clyde.vonwillingh@mdacc.co.za...
How To Better Manage Your Cash Flow
How To Better Manage Your Cash Flow
Business tips for surviving difficult times
Business tips for surviving difficult times updated2 Cashflow-Spreadsheet2
Business tips for surviving difficult times
Click on the images below for the tips provided:
Managing your business during these challenging times
MD's email sent out for this post | https://bit.ly/3kwOaMd As we emerge from the challenges of lockdown, we know that one of the largest issues facing business owners is cash flow management. We all need to review our cashflow commitments, revisit our business plans...
SARS Interpretation Note : Documentary Proof required for the Zero Rating of Goods and Services
Should a vendor wish to apply the zero rate on goods and services exported, in addition to a valid tax invoice, certain other documentation needs to be obtained and retained by the vendor in order to substantiate the entitlement to apply the zero rate. The...
VAT Changes
Voluntary VAT registration – New requirements for registration A person carrying on an enterprise which has not made R50 000 in taxable supplies is allowed to register for VAT, if there is a reasonable expectation to exceed R50 000 in taxable supplies within the 12...
Move your accounting system onto the cloud at a reduced rate
As Sage One Advisers, we have been invited to extend the following Sage One promotion to our customers. Should you wish to move your accounting system online (onto the cloud), we can assist you with the process of obtaining the promotional discounted amount of R120...
To be or not to be? That is the 14% question!
Article written by: Fatima Bapukee | Accounting Manager | MD Accountants & Auditors Inc. Pre 2008 you would have had to be registered for VAT if your turnover was over R300 000 per annum. When SARS introduced the increase in the threshold to R1 million, many...