Provisional tax payments must be made by natural persons registered for provisional tax on or before 31 August each year. This means that a provisiona...
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2017-08-18
Of all the roles a small business owner takes on, often the most challenging is managing the business's finances. You can improve your chances for suc...
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2017-08-18
Taxpayers may acquire assets as either trading stock or as capital assets, and later hold those assets with a purpose different from that with which s...
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2017-07-25
Here are three things which small business owners should consider implementing to improve their chances for long-term success. 1. Do Not aim to match...
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2017-07-25
It is an established principle that registered VAT vendors may claim a deduction for input tax on goods or services acquired for use in the course of ...
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2017-06-27
With current day realities manifesting in ever increasing distances required to be travelled to get to an office, traffic congestion, etc. more and mo...
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2017-06-27
The tax filing season for 2017 opens 1 July 2017. During this period, the South African Revenue Services (SARS) requires you to submit your income tax...
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2017-06-09
Your income not only determines your lifestyle, but also your future. Protecting your ability to earn an income should be a non-negotiable for everyon...
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2017-05-26
Value-Added Tax, or VAT, is currently typically charged at 14% on all taxable supplies of goods or services rendered by registered VAT vendors. Taxabl...
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2017-05-26
Property related transactions are typically significant transactions, and therefore tax considerations linked thereto should be carefully considered. ...
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2017-05-26
We take out short term insurance for peace of mind. You pay your premiums regularly and feel safe because you know you are covered should any of your ...
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2017-04-24
It is very often the case that a company extends an interest free or low interest loan to a director. This manifests either as a true incentive or ben...
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2017-04-24
The 2016/2017 Return of Earnings submission deadline has been extended and will open from 01 April 2017 until 31 May 2017.
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2017-04-24
Every employer who is registered for Pay-as-you-earn(PAYE), Unemployment Insurance Fund(UIF) or Skills Development Levy(SDL), should submit an EMP501.
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2017-03-17
Many would have noted reports in the national media that the Taxation Laws Amendment Act, 16 of 2016, was signed into law by President Zuma on 11 Janu...
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2017-03-17
Year on year the personal income tax tables are adjusted and based on which individuals are taxed based on an increasing sliding scale based on their ...
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2017-03-17
On 22 February 2017, Finance Minister Pravin Gordhan delivered his 2017 budget speech. Hereby the highlights of the tax related budget proposals annou...
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2017-02-24
National Treasury published its much anticipated proposed annual amendments to tax legislation earlier in July. This amendments were widely anticipat...
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2017-02-02
The Companies Act, 71 of 2008, requires that the business and affairs of any company be managed by or under the direction of its board, which has the ...
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2017-02-02
Provisional taxpayers are generally those taxpayers who earn income from sources other than a salary. In other words, PAYE is not deducted from these ...
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2017-02-02
Aan die einde van nog ‘n jaar deel ek graag ‘n paar gebeurlikhede by CMV wat noememswaardig was: ‘n Hoogtepunt vir CMV en almal wat by ons betr...
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2016-12-05
Gert joined CMV as a Financial Advisor on the 1st of September, 2016. After having matriculated at Volkskool Potchefstroom, Gert went to Potchefstroom...
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2016-12-05
Retirement annuities are often misunderstood and many people, or their parents, have had bad experiences with them in the past. This sentiment often r...
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2016-12-05
Many of our clients are not registered for provisional tax, nor are they required to be so registered. These non-provisional taxpayers should however ...
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2016-10-21
The new Companies Act, no 71 of 2008, requires all companies (and close corporations) to submit an annual return to enable the CIPC to have on record ...
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2016-10-21
We have recently become aware of an increased level of audits being conducted by the South African Revenue Service in relation to taxpayers’ obligat...
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2016-10-21
National Treasury published its much anticipated proposed annual amendments to tax legislation earlier in July. This year the proposed amendments were...
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2016-09-29
In August, CMV celebrated 30 years of business! This amazing milestone was only made possible through the support, loyalty and commitment of our clien...
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2016-09-29
CMV, in association with FHL, held their annual Potjiekos competition on the 2nd of September 2016. The aim was to raise money for the Beeld Children'...
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2016-09-29
It is important to appoint a capable and knowledgeable Accountant to submit your tax return, to ensure efficient tax planning.
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2016-06-29
Christo Bosch started his three years supervised training at CMV on 1 June 2013, under the supervision of Michael Ferreira.
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2016-06-29
The term “insolvency” relates to both sequestration (for individuals and trusts) and liquidation (for companies and close corporations). Sequestra...
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2016-06-29
Municipalities are required to issue rates clearance certificates without which a property cannot be transferred from a seller to a buyer. The rates c...
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2016-06-29
All companies with employees must be registered at the Compensation commissioner and have a reference number for the submission of their ROE-returns o...
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2016-05-23
Every employer who is registered for Pay-as-you-earn(PAYE), Unemployment Insurance Fund(UIF) or Skills Development Levy(SDL), should submit an EMP501....
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2016-05-23
Technology has evolved at a tremendous pace and it is difficult to evolve at the same pace. Unfortunately, there is no choice when it comes to this. E...
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2016-05-23
Attorneys often emphasise the fact that you should have a will drawn up and revise it regularly in order to facilitate the bequeathing of your possess...
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2016-04-22
Is it really necessary to be able to manage financial risk? The answer is a definite “Yes!” It can make the difference between having a successful...
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2016-04-22
The frantic aftermath of a vehicle accident can make it easy to miss those few critical steps that could determine the successful outcome of an insura...
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2016-04-22
It’s no surprise that the South African economy experienced a few hiccups over the past year, which had a knock-on effect across multiple sectors. I...
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2016-03-29
Following a year in which he gained valuable experience at a mid-sized firm in Johannesburg, Adriaan du Plessis has re-joined the CMV team and has ope...
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2016-03-29
Something that is a frequent question by consumers is “Why did my medical aid not cover the full cost of my hospitalization?” Thinking they were c...
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2016-03-29
Some people believe in short term insurance, others don’t. If you do believe in taking out short term insurance, make sure that your assets are not ...
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2015-10-28
From the 2013 tax year onwards contributions to medical aid schemes were no longer allowed as a deduction. It was replaced by the section 6A Medical s...
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2015-10-28
Individuals who are residents for the purpose of the CGT Act (Capital Gains Tax), are liable for CGT on the disposal of South African and foreign asse...
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2015-10-28
Trusts have various advantages, but unfortunately there are also disadvantages. Although this is not a complete synopsis of all the pros and cons, our...
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2015-09-23
A purchaser is responsible for payment of transfer cost when acquiring an immovable property, but it should further be established if the transaction ...
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2015-09-23
This year was our eighth annual Potjiekos competition, but the second year that we raised money on behalf of the Beeld Children’s Fund (Kinderfonds)...
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2015-09-23
Provisional tax payments is not a separate tax but pre-payments of income tax for a specific tax year. These pre-payments ensure that the tax load is ...
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2015-08-24
The audits of Value-Added Tax (VAT) returns by the South African Revenue Service (SARS), have increased the focus on the validity of tax invoices for ...
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2015-08-24
If a company/close corporation is in financial trouble and all possible avenues to save the business have been exhausted, there is one last option ava...
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2015-08-24
It has become a common occurrence for vendors to receive a notice for a VAT review from SARS, which requires the vendor to submit supporting documenta...
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2015-07-22
Capital Gains Tax was implemented on 1 October 2001 but is still relatively new to many people, especially when it comes to estates and Estate duty. ...
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2015-07-22
Following the conclusion of the tax year on 28 February 2014 documents are issued to you that must be retained for tax purposes. The following docum...
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2015-07-22
Part 1 in this series of articles discussed the most important reasons why business and private expenses should be kept separate. Just to recap, the t...
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2015-06-23
Life is unpredictable, therefore we advise our clients to lose no time in drawing up their will and planning their estate. Below are important reasons...
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2015-06-23
It is important to understand the legal implications of the marital property regime, especially when drafting a Last Will and Testament and also when ...
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2015-06-23
The name “Capital Gains Tax” (CGT) can create the impression that CGT stands on its own as a seperate tax from the rest of the taxes but this is n...
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2015-05-21
Reading material on the topic of tax does not make for light, relaxing reading. A reader can easily feel lost if he/she does not keep up to date with ...
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2015-05-21
Owners of part-time and small businesses e.g. multi-level marketers, estate agents, consultants and self-employed sole proprietors, often use one bank...
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2015-05-21
In the past SARS required the Employer Reconciliation to be done every twelve months. A few years ago SARS introduced the Employer Interim Reconcilia...
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2015-04-17
Do you track and manage your small business’s expenses (operating costs) properly? To record and review your business expenses regularly will help p...
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2015-04-17
Provisional tax is not a separate type of tax but pre-payments on income tax for a specific tax year. The aim of provisional tax payments is to help...
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2015-04-17
A mother who has always wanted her daughter to inherit her diamond engagement ring may never get her wish if she dies without leaving a valid written ...
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2015-04-17
A "LIVING WILL" is a legal document addressed to your family and doctor in which you expressly refuse any medical treatment and attention in the form ...
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2015-03-17
In the current economic climate effective management of your business's finances is more important than ever. The following tips will assist you in ma...
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2015-03-12
CMV Group of Companies

Tel : 012 991 4400
Fax : 012 991 3001
Physical: 17 Midas Avenue, Olympus, Pretoria, 0081
E-mail: info@cmv.co.za

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