Latest News

June 14, 2018

WHEN LOOKING FOR A BUSINESS LOAN, MAKE PURPOSE YOUR CENTRAL CONSIDERATION

Written by Marilynn Leonard – Funding Hub. MMS Group was granted permission to use this article by the author. Today there are many types of loans, from many types of lenders, including […]
June 14, 2018

PROOF REQUIRED FOR INCOME TAX RETURNS – INDIVIDUALS

Following the conclusion of the 2018 tax year, documents will be issued to you that must be retained for tax purposes. The following documents should, if applicable, be submitted to […]
June 14, 2018

HOW TO EFFECTIVELY MANAGE YOUR FINANCE FUNCTION – FROM CHAOS CENTRE TO BUSINESS ENABLER

A common perception exists that the Finance and Admin function of a company is only a cost centre and its sole purpose is to record, report, repeat. Many of our […]
June 14, 2018

WHAT ARE A DIRECTOR’S FIDUCIARY DUTIES?

Fiduciary duty of good faith In terms of the common law, a director’s fiduciary duty means that a director acts in good faith and in the best interests of the […]
May 18, 2018

CHEERS TO A DECADE!

This month MMS Trust Services is celebrating our 10th year in business and it is time to sit back and reflect on where it all started. On the 30th of […]
May 18, 2018

PREFERENCE SHARES – IS IT EQUITY OR DEBT/LIABILITY?

Share Capital has traditionally been seen as equity. But is this always right? Most probably not in the case of preference shares, one should consider the substance and not just […]
May 18, 2018

SARS’S STANCE ON THE TAX TREATMENT OF CRYPTOCURRENCIES

The South African Revenue Service (SARS) will continue to apply normal income tax rules to cryptocurrencies and will expect affected taxpayers to declare cryptocurrency gains or losses as part of […]
May 18, 2018

HOW TO ‘SHOP’ FOR THE RIGHT BUSINESS FINANCE

Written by Barry Leonard – Funding Hub. MMS Group was granted permission to use this article by the author. Choosing the right business finance can be a lot like sitting […]
April 25, 2018

A GOOD TIME TO KICK BACK, UNWIND… AND WIN!

On the 24th of April 2018 the MMS recruitment team attended the UJ CTA social held at the UJ Astro. The CTA social is a fun day arranged by the […]
April 25, 2018

THE ANNUAL POTJIEKOS COMPETITION

The MMS social calendar kicked off with the annual Potjiekos competition held on the 24th of March 2018! The Potjiekos competition is a fun day for friends, family and colleagues […]
November 29, 2017

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 […]
November 29, 2017

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 […]
November 29, 2017

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 […]
November 29, 2017

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 […]
August 30, 2017

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 […]
August 30, 2017

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 […]
August 14, 2017

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 […]
July 26, 2017

The Concept of Scalability

What is scalability? Scalability describes how easy it is to expand a business model and grow its revenue significantly, without equally increasing its cost base. Relative to its fixed cost […]
July 26, 2017

Submit your 2017 Income Tax Return and avoid penalties

Annual Tax season is here, and Income Tax return submissions began 1 July 2017. We’ve taken the liberty of answering frequently asked questions individuals may have. The South African Revenue […]
June 20, 2017

Section 19 of the FAIS Act and the relevant submissions to the FSB

Section 19 of the FAIS Act states that financial statements must be submitted by all Authorised Financial Service Providers to the registrar, not later than four months after the end […]
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