Latest News

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 […]
April 25, 2018

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 […]
April 25, 2018

SECTION 19 OF THE FAIS ACT AND THE RELEVANT SUBMISSIONS TO THE FSB

Overview 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 […]
April 17, 2018

Employer Annual Reconciliation due

Employers should be aware that Employer Annual Reconciliation is due for submission at SARS from April 2018. If the relevant deadlines are missed, certain penalties will apply. Penalties are charged […]
April 9, 2018

MMS GROUP IS NOW A CERTIFIED XERO GOLD PARTNER!

Great News: MMS Group is now a certified Xero gold partner! Click here to contact us to find out how this can benefit your business.
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 […]
April 17, 2018

Employer Annual Reconciliation due

Employers should be aware that Employer Annual Reconciliation is due for submission at SARS from April 2018. If the relevant deadlines are missed, certain penalties will apply. Penalties are charged […]
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 […]
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 […]
April 25, 2017

VDP and SVDP, what does this mean for me?

What is VDP? A VDP (Voluntary Disclosure Programme) is a process by which SARS extends an opportunity to taxpayers to regularise their tax affairs by disclosing any defaults on their […]
April 5, 2017

SARS releases new ruling on documentary requirements for VAT purposes

In February 2015 the South Atlantic Jazz Festival (Pty) Ltd successfully appealed a judgment of the Tax Court to the Full Bench of the Western Cape High Court (reported as […]
November 25, 2016

Will SARS allow you to deduct your company/close corporation’s assessed loss?

Under normal circumstances SARS will allow a taxpayer to carry forward the previous tax year’s assessed loss and set it off against the current tax year’s taxable income. However, there […]
April 25, 2016

Passive income and SARS

Have you ever investigated passive income opportunities to earn extra money? Did you consider the effect that earning additional income might have on your current income tax liability? If your […]
February 25, 2016

Gift from SARS

The tides are changing in the retirement savings space, with National Treasury encouraging us to save more for retirement by significantly increasing the tax incentives. This is one of several […]
January 19, 2015

Important dates for November 2014

For more information on the voluntary third provisional tax payment for the tax year ended 28 February 2014, please refer to the section below the table. Important dates 24-10-2014 – Submission […]
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