MBS Accounting Services

17th May 2021

Understanding an EMP201 Employer Declaration

The South African Revenue Service (SARS) has made strides to improve the country’s taxation systems, introducing a range of new forms and regulations as well as […]
3rd May 2021

What Does an External Auditor Do?

A company’s success is directly proportional to how well its finances are managed. Beyond possibilities of failing to turn a profit, refusing to meet certain financial […]
19th Apr 2021

What is the Purpose of the UIF and Why is it Important to Pay It

The Unemployment Insurance Fund (UIF) is a policy implemented by the South African Revenue Services (SARS) as of the 1st of April 2002. It is responsible […]
25th Mar 2021

Individual Tax In Brief

All South African citizens are required to pay tax at some point in their working careers. Whether freelancing or an employee of a company, individuals that […]
18th Mar 2021

A Guide to the Companies Act – What is it and What is its Purpose?

Being aware of company legislation is critical for South African business owners as constitutional acts impact the way in which businesses are handled and seen in […]
11th Mar 2021

What is VAT and When Should I Register for It?

Government legislation ensures that an equal playing field is maintained in the competitive South African market, requiring business owners of companies big and small to adhere […]
1st Mar 2021

Understanding what an IRP5 tax certificate is

While the year has just begun, it is never too early to prepare for tax season. Ensuring that one’s personal and/or company tax is in order […]
18th Feb 2021

The role of SARS in South Africa

The South African Revenue Service, or SARS, is responsible for the tax collections for company and personal revenues due as well as ensuring companies and individuals […]
8th Feb 2021

The role of the CIPC in South Africa

The Companies and Intellectual Property Commission (CIPC) was established in South Africa in 2008 and has since been the primary agency responsible for company registration and […]