by WVDW | Apr 5, 2024 | Business, Individual, Tax Risk Insurance
There have been fraudulent actions on e-filing in the past few months. It does seem that these activities originate from within SARS, but SARS obviously categorically denied it. Emails or SMS alerting taxpayers to the requirement to authorise a change in their...
by WVDW | Mar 18, 2024 | Business, Individual, Tax Risk Insurance
Your tax filings not proceeding as smoothly as you had hoped for? Do you have further accounting, investment and tax related queries, please contact our offices for assistance. 011 476 1112info@wvdw.co.za WVDW #WVDWFinancialServices #bookkeepers #accountants #Director...
by WVDW | Mar 8, 2024 | About WVDW
Yolandè Nel is a professional accountant at WVDW Financial Services Inc. with over 15 years of experience in the field. Her journey in finance began after obtaining a BComm Degree in 2008, followed by an Honours in Financial Accounting in 2012. Her academic...
by WVDW | Mar 5, 2024 | About WVDW
Unathi Mamane is a Vibrant goal – oriented Professional Accountant at MBS Accounting and Taxation services. She holds a B-tech in Internal Auditing. Unathi is an affiliated member of the SA Institute of Professional Accountants and holds the designation of a...
by WVDW | Feb 29, 2024 | About WVDW
Tshiamo Neo Botlhale Mabe is a Junior Accountant at MBS Accounting and Taxation Services. She pursued her academic journey at North West University, where she earned a Bachelor’s degree in Commerce with a specialization in Financial Accountancy. Keen on expanding her...
by WVDW | Feb 27, 2024 | About WVDW
Shinade Branford is our meticulous and detail-oriented bookkeeper with a passion for numbers and a keen eye for accuracy, she ensures that every financial transaction is meticulously recorded and organized. Shinade expertise lies in maintaining accurate records,...
by WVDW | Feb 25, 2024 | About WVDW
Sabera Essop is the receptionist and a bookkeeper/payroll administrator at MBS Accounting Services having joined a little over a year ago. Parallel to her learning the accounting field, Sabera is pursuing studies in Psychology. She is very sociable, fun-loving and has...
by WVDW | Feb 22, 2024 | About WVDW
Kaanita Alexander is the Senior Bookkeeper at MBS Accounting and Taxation Services. She was employed as a Junior Bookkeeper at MBS Accounting Services on 1 March 2011 and was promoted to Senior Bookkeeper in 2016. She is affiliated with ICBA, Institute of Certified...
by WVDW | Feb 19, 2024 | About WVDW
Jessica Allison Spray is an experienced Senior Bookkeeper at WvdW Financial Services who has been employed with the company for over 14 years. Her responsibilities include financial record keeping, bank and credit card processing and reconciliations, invoice and...
by WVDW | Feb 15, 2024 | About WVDW
Daleen Groen is a seasoned professional with over 20 years of experience in accounting and bookkeeping. Her career began in various accounts departments, where she gained experience in financial management and reporting. In 2013, she achieved a National Diploma in...
by WVDW | Feb 13, 2024 | About WVDW
Bianca Roux a Registered Professional Accountant and Tax Practitioner at WvdW Financial Services. She is also involved in the internal workflow management of the firm. Bianca has a solid educational foundation that includes a degree in B.Comm Chartered Accounting, as...
by WVDW | Feb 9, 2024 | About WVDW
Annarien Nel is a senior bookkeeper at WvdW Financial Services. She is a seasoned financial professional with a passion for numbers and a dedication to precision. She completed a BCom Financial Management degree in 2019 through part-time study, showcasing her...
by WVDW | Feb 7, 2024 | About WVDW
Marietjie Esterhuizen is a Director of WvdW Financial Services, a reputable firm originally founded in 1984 (initially under a different name). She is also a director of MBS Accounting and Taxation services, a niche firm situated in the south of Johannesburg....
by WVDW | Feb 5, 2024 | About WVDW
Tracey embarked on her journey in the realm of accounting when she joined MBS Accounting Services as a bookkeeper in 1997. With a fervent desire to excel in her field, Tracey pursued a Damlin diploma in Bookkeeping, fortifying her foundational knowledge in finance. In...
by WVDW | Jan 30, 2024 | About WVDW
Wessie van der Westhuizen is the Managing Director of WvdW Financial Services, a reputable firm originally founded in 1984 (initially under a different name). He is also the MD of MBS Accounting and Taxation services, a niche firm situated in the south of...
by WVDW | Jan 30, 2024 | Individual, Tax Risk Insurance
The South African Revenue Service (SARS) has a wealth of data about taxpayers, as evidenced by a recent High Court decision. The SA Revenue Service triumphed in CSARS v. M after SARS questioned a taxpayer about a discrepancy between what was on their tax...
by WVDW | Nov 24, 2023 | Tax Risk Insurance
2023 was a challenging year, but also a year of triumphs. In February 2023, the FATF (Financial Action Task Force) grey-listed South Africa. As a result, FICA obligations and compliance was enhanced, and accountable institutions strongly advise and encouraged to...
by WVDW | Nov 2, 2023 | Business, Individual
The Compensation for Occupational Injuries and Diseases Act (COIDA) is a South African law that provides compensation to employees who are injured or contract an occupational disease as a result of their employment. The Act also provides compensation to the dependents...
by WVDW | Oct 26, 2023 | Trusts
Beneficial-ownership disclosures required South Africa introduced new rules, effective from 1 April 2023, on requirements to disclose the beneficial ownership of assets. These measures were introduced in a new section (11A) in the Trust Property Control Act...
by WVDW | Oct 13, 2023 | Tax Risk Insurance
The SARS VAT invoice requirements Registering as a VAT vendor with SARS may seem daunting as it brings about new regulations that an entity needs to comply with. Let’s look at the SARS VAT Invoice Requirements to ensure you have all the correct information on...
by WVDW | Oct 2, 2023 | News
In a significant move that marks a milestone in its growth journey, WvdW Financial Services, a prominent financial services company in South Africa, has partnered with MBS Accounting, a smaller but highly regarded practice. This partnership represents a strategic move...
by WVDW | Sep 28, 2023 | Business
Any new business venture stars with executing a great business plan and it goes hand in hand with regulatory requirements. Herewith a list of requirements that new business owners in South Africa need to look at when starting down the entrepreneurial path: REGISTERING...
by WVDW | Sep 27, 2023 | Tax Risk Insurance
Turnover tax is a simplified system aimed at making it easier for micro business to meet their tax obligations and is for micro business with turnover below R1 million. This tax system replaces Income Tax, VAT, Provisional Tax, Capital Gains Tax and Dividends Tax. A...
by WVDW | Sep 14, 2023 | Tax Risk Insurance
With the deadline of the submission for normal taxpayers coming up, we would like to draw attention to what personal income tax entails. The tax deadlines for the submission of personal income tax are: Individual taxpayers – 23 October 2023 Provisional taxpayers – 24...
by WVDW | Aug 31, 2023 | Individual
Do you have a will? Do you care and look after others that my not be a relative? If you want someone to be a beneficiary of your estate, especially when they are not directly related to you, you need to expressly mention them in your will as a beneficiary. (Allex...
by WVDW | Aug 23, 2023 | Tax Risk Insurance
“Many think that by merely not living in South Africa currently, they are therefore not a tax resident of SA. This is an extreme over-simplification and has got many in trouble with SARS in the past.” What is financial emigration at SARS? The process of Financial...
by WVDW | Aug 14, 2023 | Tax Risk Insurance
In the Johannesburg Specialised Commercial Crimes Court, Anwar Gaffor and his company, Ceiling and Partitioner Installers (PTY) Limited, were charged with three charges of fraud. The accused submitted fraudulent Value Added Tax (VAT) 201 returns to the South African...
by WVDW | Aug 3, 2023 | Tax Risk Insurance, Trusts
The administration of a loved one’s estate might become much more traumatic if you are unprepared for the practical realities of death. Because systems need time to restart, load shedding makes the winding-up process more drawn-out, laborious, and bureaucratic....
by WVDW | Jul 27, 2023 | News
Companies must adhere to the new “Beneficial Ownership Register” platform that has been released by the Companies and Intellectual Property Commission (CIPC). Businesses must now notify the CIPC of their beneficial ownership by October 2023 in response to...
by WVDW | Jul 26, 2023 | Trusts
This guide is designed for anyone involved with trusts: trust creators, trustees, beneficiaries and advisors. It provides a clear and concise summary of the necessary information for the development of a basic understanding of trusts in South Africa. The role of a...
by WVDW | Jul 20, 2023 | Tax Risk Insurance
Author: Marianne Steinmann Taxpayer Rights and Obligations You have a RIGHT to:You have an OBLIGATION to:• Clarity and certainty (to be informed) of obligations to SARS• Timeously engage, register...
by WVDW | Jul 14, 2023 | Tax Risk Insurance
Author: Marietjie Esterhuizen There is often the confusion around the different taxes, today we will focus on provisional tax. What is it? It is not a separate tax form income tax. It is a method of paying your (or your company’s) income tax liability in advance, to...
by WVDW | Jul 13, 2023 | Individual
Author: Wessie van der Westhuizen Are you a business owners, a director, or senior manager? This article is for you. Being a good corporate citizen means that a company operates in a way that benefits not only its shareholders and customers, but also the communities...
by WVDW | Jun 28, 2023 | Tax Risk Insurance
The South African Revenue Service (SARS) will open the 2023 tax filing season on 7 July 2023 for taxpayers to submit their income tax returns for the 2023 tax year. Aut0-assessments commence end June 2023. Timing 30 June 2023 SARS will start issuing auto-assessments...
by WVDW | Jun 15, 2023 | Business, Individual
Author: Marianne Steinmann Are you a bookkeepers, an accountant, a business owners, a director, or do you employ domestic workers in your home? This article is for you. Register with the Compensation Fund To cover your workers against occupational diseases,...
by WVDW | Dec 13, 2021 | Individual
Do you care and look after others that my not be a relative? If you want someone to be a beneficiary of your estate, especially when they are not directly related to you, you need to expressly mention them in your will as a beneficiary. We saw lately in the news how...
by WVDW | Dec 13, 2021 | News
HOME OFFICE EXPENSES Working from home seems to be the “New Normal” since the Corona virus outbreak. If you worked from home for more than half of your total working hours or for more than 6 months during the tax year March 2020 to February 2021 you can...
by WVDW | Dec 13, 2021 | News
VAT: Irrecoverable debts and clawback adjustment A registered VAT vendor on the invoice basis that fails to make payment within 12 months after the expiry of the tax period in which the deduction was made must account for an output tax adjustment to SARS...
by WVDW | Dec 13, 2021 | News
HAVE YOU OR SOMEONE YOU KNOW RECENTLY BEEN RETRENCHED? PERHAPS DUE TO COVID? Have a quick read about the tax implications upon retrenchment:As from 1 March 2014, the first R 500 000 received for a severance benefit lump sum pay-out, is not subject to tax. This...
by WVDW | Dec 13, 2021 | News
We regularly receive inquiries about how long documents should be stored. In terms of the Income Tax Act and Value Added Tax Act, tax payers should keep documents in their original form or electronic format as prescribed by die Commissioner. The...
by WVDW | Dec 13, 2021 | News
Each individual taxpayer is allowed to invest R10 million per year offshore if you have a tax clearance certificate. In addition to that, you may invest R1 million per calendar year as part of your discretionary allowance. Any interest, capital...
by WVDW | Jun 19, 2017 | Testimonials
Wessie and his team at WvdW has been looking after my personal income tax for several years. The team understands my family needs and will accommodate me as much as possible. As a family we recently moved our last will and testament also to WvdW and trust them to look...
by WVDW | Dec 25, 2015 | Testimonials
“GreatSoft has been utilising the services of WvdW for more than 10 years, on a monthly basis. Their professionalism and attention for detail is unquestionable top quality and I can highly recommend their services. We are treated with the utmost respect when we...
by WVDW | Dec 25, 2015 | Testimonials
“The daily running of a business requires much multifaceted focus, on staff, customers, suppliers, the marketplace, the list is endless. Sound accounting policies and practises are of paramount importance, as is a good accountant, a firm which can guide and...
