old mutual private wealth management presentation
TRANSCRIPT
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: [email protected]• E-mail: [email protected]• Cell: Robin – 083 651 3374• Cell: Phil – 083 635 9029• Office: 031 765 3468