MGT Accounting

Uncategorised

Debt Collection And Tax Season Concept With Deadline Calendar R

Your Tax Deadlines for February 2024

07 February – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 February – Value-Added Tax (VAT) manual submissions and payments 28 February – Excise Duty payments 29 February – CIT Provisional Tax payments 29 February – PIT Provisional Tax payments 29 February – Value-Added Tax (VAT) electronic submissions and payments Disclaimer: The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for …

Your Tax Deadlines for February 2024 Read More »

Submit tax returns

5 Tax Return Mistakes to Avoid with SARS

We both recognise the fear that surfaces when facing the daunting task of filing tax returns for SARS. It feels like taking on a significant challenge where time disappears, and paperwork seems endless. While managing your business, organizing all the necessary documents and reviewing numerous financial reports can seem overwhelming. Moreover, South Africa’s intricate tax laws can confuse even the most committed business owner. But don’t worry; we’ve got your back. This month’s blog post …

5 Tax Return Mistakes to Avoid with SARS Read More »

accounting and consulting 2 - Pretoria

5 Key Benefits of Hiring a Chartered Accountant

As a business owner, enhancing your finances should be a top priority. And hiring a Chartered Accountant can be a smart move. A Chartered Accountant will guide you on cost reduction, profit maximisation, tax planning, and more. But which Chartered Accountant should you choose? What if we told you that you could hire a Chartered Accountant without breaking the bank? It might seem too good to be true, but it’s not. Keep reading to discover …

5 Key Benefits of Hiring a Chartered Accountant Read More »

5 Reasons to Hire a Qualified Accountant

To run a business effectively, you need a qualified accountant. As a business owner, you’re likely to face financial challenges along the way; that’s pretty much normal. Due to this, many astute entrepreneurs understand the importance of managing their finances efficiently. However, without the assistance of a qualified accountant, none of that can be accomplished. As you navigate complex SARS tax regulations and reduce costs in your business, professional accountants will help you focus on …

5 Reasons to Hire a Qualified Accountant Read More »

Types of assurance services

How to manage Petty Cash Reconciliations and Controls around Petty Cash

Let’s simplify petty reconciliation & cash control Some South African businesses have weak controls over petty cash.  Business owners assume that petty cash is a small amount of money, therefore there is no need to pay attention to controls over how it is spent. What they don’t know is that over time, if controls are inadequate, they can lose a significant amount of money.  What is petty cash? According to Debitoor, Petty cash reconciliation can …

How to manage Petty Cash Reconciliations and Controls around Petty Cash Read More »