Magandi Business Enterprise PTY LTD

28/05/2020

12/11/2019

Visit our stall at this year's and get your corporate compliance in order!!

27/11/2018

Basic Compliance Workshop.

Date: 08/12/2018
Time: 11;00am
Venue: Vplay Studio

RSVP: 081 497 8255
👨‍💼👨‍💻💼💻

16/11/2018

In terms of the Companies Act, 2008, a company may be registered with or without a company name. When a company is registered without a reserved name, its registration number automatically becomes the company name. This is the quickest way to register a company.

16/10/2018

SARS will be imposing administrative penalties from December 2018 for outstanding Corporate Income Tax (CIT) returns.

Administrative penalties will be imposed on companies that receive a final demand to submit a return. In terms of Section 210 of the Tax Administration Act of 2011, non-compliance with regards to non-submission of required CIT returns may be subjected to a penalty, as follows:

(1) If SARS is satisfied that noncompliance by a person referred to in subsection (2) exists, excluding the non-compliance referred to in section 213, SARS must impose the appropriate ‘penalty’ in accordance with the Table in section 211.
(2) Non-compliance is failure to comply with an obligation that is imposed by or under a tax Act and is listed in a public notice issued by the Commissioner, other than:
(a) the failure to pay tax subject to a percentage based penalty under Part C; or
(b) non-compliance subject to an understatement penalty under Chapter 16.

The penalties range from R250 to R16 000 per month that non-compliance continues, depending on a company’s assessed loss or taxable income.

Please note that it is compulsory for registered companies to submit their income tax returns. If a company is dormant, it is still required to submit any outstanding returns prior to 2018 to prevent a penalty being imposed. The criteria for the exception in 2018 are set out in Notice 600 of 15 June 2018,

05/10/2018

Tax Season closes on 31 October for non-provisional taxpayers and for those provisional taxpayers who opt to file at a branch. Provisional taxpayers ordinarily have until 31 January 2019 to file on eFiling only.


All SARS branches will also be open on Saturdays at the same time where taxpayers can make use of self-help kiosks to electronically file their personal income tax returns.


It is important to note that the extended hours on Saturdays will only be used to assist with personal income tax returns.

FOR MORE INFO.. CONTACT MBE AT 081 497 8255 OR 082 368 6262

21/08/2018

Submitting Income Tax Returns has never been this easy!

15/08/2018

07/08/2018

SARS Income Return Submissions are still open.... Call Us now at 081 497 8255 / 082 368 6262 and let us help you with your submissions and probably get that refund you so need!

02/05/2018

Returns Of Earnings for Compensation Fund still open till 31 May 2018!

06/02/2018

You can now get your safety file with MBE... call us for a quote.