old mutual private wealth management presentation

OLD MUTUALPRIVATE WEALTH

MANAGEMENT

PRESENTATION

Contents

April 20, 20232

• Welcome and introductions• Kelly & Kinder• Tax for commission earners• Tax compliance• Exchange control

Kelly & Kinder

April 20, 20233

Who we are:-• Robin Kelly• Phil Kinder

What we stand for:-• Person to person

Kelly & Kinder Cont…

April 20, 20234

• Service offeringAccounting servicesPayroll servicesTaxation servicesConsulting servicesOffshore services

Kelly & Kinder Cont…

April 20, 20235

• Client profileSmall to medium enterprisesIndividuals requiring person to person tax

advice and assistance

Tax for Commission Earners

April 20, 20236

• Income (> 50% from commission)• Less: Expenses/Losses

In the production of incomeNot of a capital nature

• Less: Deductions/Allowances• Equals: Taxable income/loss

Expense Examples

April 20, 20237

• Direct expensesTelephone/InternetEntertainment/Refreshments

• Motor vehicle expensesBusiness vs private

Expense Examples Cont…

April 20, 20238

• Home office expensesInterest & insuranceElectricity & waterRatesCleaning

Deductions/Allowances

April 20, 20239

• Repairs• Wear and tear

Computer equipmentOffice equipmentSoftware

• Pension/RA/Medical

Tax Compliance

April 20, 202310

• Tax directives• Provisional tax returns• VAT returns• Annual income tax return• Turnover tax

Exchange Control

April 20, 202311

• Foreign investment allowance• Tax clearance application• Earning income offshore

Contact details

April 20, 202312

• Web-site: www.kellyandkinder.co.za• E-mail: robin@kellyandkinder.co.za• E-mail: phil@kellyandkinder.co.za• Cell: Robin – 083 651 3374• Cell: Phil – 083 635 9029• Office: 031 765 3468