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Date: 2009-09-23 13:04:11
Newsletter September

Bass Gordon
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In this Newsletter

 

NEW LEGISLATION - TRADING AS ............. NO MORE

 

The current practice whereby companies or close corporations trade under names other than their registered names has ceased with the implementation of the Consumer Protection Act, 2008 (CPA)

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AN UPDATE ON NEW SECOND PROVISIONAL TAX

 

The new requirements, as announced by the South African Revenue Service (SARS), required companies, close corporations, individuals and trusts to estimate their taxable income fo rthe second provisional tax payment within 80% of the actual income for the year.

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IGNORE EMAILS WITH "TAX REFUND" IN THE SUBJECT LINE

 

We have received confirmation from SARS recently to advise us of two scams  that have come to SARS' attention. These scams originate from an email address refund@sars.gov.za

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NEW LEGISLATION -eFICA SOLUTION

 

The current practice whereby Company Secretaries an Agents were able to submit company documents electronically to the Companies and Intellectual Property Registration Office (CIPRO) to effect changes to company details was deactivated in February 2009, as it was no longer tamper proof and or secure and its security was compromised.

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WHATCH THIS SPACE FOR A PROPERTY TAX GAP........

 

If you hold your home in a company or close corporation, stand by for a possible oppportunity to save a significant amount of tax.

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TAX RETURNS DUE SOON

 

SARS has gazetted the following deadlines for submission of income tax returns for the 2009 tax year.....

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NEW AUDIT MANAGER

 

We have a new audit manager Maritsa Beneke that joined us in August........

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 EARN VOYAGER MILES WITH MGI BASS GORDON

MGI Bass Gordon now offers the facility for the payment of our invoices via credit card to
help you earn Voyager Miles. Please contact Yolandi Barnard on 021 405 8528,
if you are interested in using this facility.

 

 

 

 

 

 

BEST WISHES

 

Wishing our Jewish clients and associates a Happy New Year and well over the Fast, as well as our Muslim clients and associates well over Ramadaan Mubarak. 

 

QUOTE

Time is our most valuable asset, yet we tend to waste it, kill it, and spend it rather than invest it.

 


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Disclaimer: MGI is a worldwide association of independent auditing, accounting and consulting firms. Each member firm undertakes no responsibility for the activities, work, opinions or service of the other member firms. This newsletter is published for general guidance only. We do not assume responsibility for any omissions or errors. Professional advice should be obtained before acting on any information contained herein. MGI Bass Gordon provides an array of comprehensive financial and business advisory services under the umbrella of one organization. Our clients benefit from the strength of a unified team of advisors in assurance, business consulting and advisory services, tax-consulting and compliance and financial advisory services.
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