MMS Chartered Accountants

21/10/2026

South African trusts are facing the prospect of a significantly more formal regulatory environment. The proposed Regulation of Trusts Bill, 2026 has been published as part of a process to modernise the legal framework governing trusts and, if enacted, would replace the Trust Property Control Act, which has governed trusts for almost four decades. Read more:

The proposed Regulation of Trusts Bill could reshape trust administration in South Africa. Understand what trustees should know and prepare for.

19/10/2026

👻 A ghost employee doesn't work for your business. But your business may be paying them every month 😲. Ghost employees can be created when people with access to payroll records collude to add fictitious employees or retain former employees on the payroll, diverting salaries for their own benefit.

That risk increases when the same people control too many stages of the payroll process and there is insufficient independent oversight.

Effective payroll controls should help identify:

👥 Employees who cannot be verified against legitimate HR records
🏦 Suspicious or duplicated banking information
📑 Unauthorised changes to employee records
🔎 Payroll movements that require investigation
⚠️ Weak segregation of payroll responsibilities

Outsourcing your payroll adds an independent layer of professional processing and oversight to one of your business's most sensitive financial functions.

At MMS Group, we help clients improve payroll accuracy, compliance and administrative efficiency while strengthening the controls that can reduce fraud risk.

When it comes to payroll, trust matters. Controls matter more.

☎️ 011 672 0020 / 021 003 8150
🌐 https://www.mmsgroup.co.za/payroll-services/

14/10/2026

For a growing business, crossing the VAT registration threshold can be a positive sign. It means taxable supplies have reached a level that brings the business into South Africa’s compulsory VAT system. Read more:

Missed the compulsory VAT registration threshold? Understand backdated VAT liability, penalties, interest and the risks of registering too late.

12/10/2026

📊 The VAT registration thresholds changed on 1 April 2026. Does your business know where it stands?

The compulsory VAT registration threshold increased from R1 million to R2.3 million in taxable supplies over any consecutive 12-month period. The general threshold for voluntary VAT registration also increased from R50 000 to R120 000, subject to the relevant requirements and exceptions.

For growing businesses, monitoring taxable supplies is therefore essential.

🟢 Voluntary registration: Businesses below the compulsory threshold may qualify to register voluntarily.

🔴 Compulsory registration: Once your business meets the legislative requirements for compulsory registration, VAT registration is no longer optional.

Failing to register when legally required can become expensive. SARS can backdate a compulsory registration, potentially leaving the business exposed to historic VAT liabilities, penalties and interest.

At MMS Group, we help businesses understand their VAT obligations, manage registrations and ongoing VAT compliance.

If your turnover is growing, don't wait for SARS to tell you that you should have registered. Let's chat. 🤝

☎️ 011 672 0020 / 021 003 8150
🌐 https://www.mmsgroup.co.za/

07/10/2026

If you own a property through a company, you’ve got two ways to sell it: sell the actual property or sell the shares in the company that owns it. Read more:

Transfer duty implications of selling the majority stake in a residential property company. We explain when transfer duty vs VAT (and more) triggers.

05/10/2026

📅 If you are an individual (non-provisional) taxpayer, 23 October 2026 is an important date in your tax calendar. That is the deadline to submit your 2026 individual income tax return to SARS.

With the deadline approaching, now is the time to make sure that your return is complete, accurate and supported by the necessary documentation.

Before filing, check that:

📑 All income has been correctly disclosed
🏥 Medical aid expenses and qualifying medical information is accurate
💰 Investment and other third-party information is correctly reflected
📂 Supporting documents are available should SARS request them
🔎 Your return has been properly reviewed before submission

At MMS Group, our tax professionals can assist with the preparation and submission of your return and help address potential compliance issues before they become a problem between you and SARS.

Don't leave your tax compliance until the last minute. 🤝

☎️ 011 672 0020 / 021 003 8150
🌐 https://www.mmsgroup.co.za/income-tax-returns/

30/09/2026

As SARS continues to strengthen its data-driven compliance approach, accurate third-party reporting has become more important than ever. Read more:

Understand what organizations issuing tax-deductible donation receipts and trustees administering trusts must ensure w.r.t. IT3(d) and IT3(t) submissions.

28/09/2026

🩺 A busy specialist practice can generate significant revenue and still experience cash flow pressure. One reason? Billing and accounting are often managed as separate functions.

Without integration, medical practices can face:

🔄 Duplicate data capture and unnecessary administration
💸 Revenue leakage from complex medical scheme claims
📑 Billing discrepancies across tariffs and procedure codes
⏳ Delayed identification of unpaid accounts
📊 Limited visibility of actual cash flow and profitability

Integrated billing and accounting connect what your practice earns with what it bills, collects and reports.

At MMS Entrepreneurial Services, our integrated approach gives medical specialists clearer financial visibility while reducing the administrative blind spots created by disconnected systems. Let our specialist financial professionals support the financial health of your practice. 🩺📊

☎️ 011 672 0020 / 021 003 8150
🌐 https://www.mmscloudaccounting.co.za/medical-accounting-services/

24/09/2026

🇿🇦 Our heritage is found in more than where we come from. It lives in the values we carry forward; the lessons passed between generations and the many different perspectives that shape the way we work, lead and build together.

Today, we celebrate the people, cultures and stories that make South Africa unmistakably ours. ❤️

From all of us at MMS Group, Happy Heritage Day, Mzansi! 🇿🇦

☎️ 011 672 0020 / 021 003 8150
🌐 MMS Group

23/09/2026

In a fast-changing world where technology, industries, and expectations evolve constantly, our greatest asset is not what we know today, but our willingness to learn, adapt, and grow tomorrow. Read more:

Understand why personal development is a lifelong commitment to becoming the best version of ourselves, both personally and professionally.