MBH accounting & tax services - Applied Thinking and Professionalism

We specialize in providing a personal Accounting & Tax Services for Small and Medium Enterprises and Companies. Our practice is located in Pretoria East and our client base reach covers the whole of Gauteng.

  • Employment Tax Incentive 2014

    To take effect from January 1, 2014

    Does my Company Qualify?

    • I have employees between ages of 18 and 29.
    • I have employed them on or after October 1, 2013.
    • The employee must be a South African citizen.
    • The employee must receive a salary above minimum wage and less than R6000 per month.
    • The monthly salary must be greater than R2000.00
    • Domestic workers and employees connected or related to the employer are not eligible

    How is the incentive calculated?

    • Applicable for 2 years per qualifying employee.
    • First year - the value of the incentive will be 50% of the monthly wage of R2000.00.
    • For wages between R2000 and R4000, the value of the insentive will be R1000
    • For wages between R4000 and R6000, the incentive value will decrease linearly from R1000 to zero.
    • The value of the incentive will decrease by half during the 2nd year.

     

  • Voluntary Disclosure Programme

    The SARS Voluntary Disclosure Programme (VDP) is administered under the Tax Administration Act, 2011 (the Act) with effect from 1 October 2012

    Why is there a VDP?

    The purpose of the VDP is to enhance voluntary compliance in the interest of good management of the tax systems and the best use of SARS’s resources

    What does SARS want to achieve with the VDP?

    The VDP aims to encourage taxpayers to come forward on a voluntary basis to regularise their tax affairs with SARS and avoid the imposition of understatement penalties and other administrative penalties

  • UIF Increase

    The Minister of Finance recently announced in Government Gazette No 35715 (Notice 783) that the monthly UIF remuneration limit will be R14 872 with effect from 1 October 2012.

    This means that UIF is only calculated on the first R14 872 of remuneration and any excess remuneration above this amount is not subject to UIF.

     
  • Planning for your tax clearance or workman’s compensation certificate?

    Please read our quick guide to the timelines associated with tax clearance and workman’s compensation certificates.