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OLD MUTUAL PRIVATE WEALTH MANAGEMENT

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OLD MUTUAL PRIVATE WEALTH MANAGEMENT

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OLD MUTUAL PRIVATE WEALTH MANAGEMENT

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  1. OLD MUTUALPRIVATE WEALTH MANAGEMENT PRESENTATION

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

  3. Kelly & Kinder • Who we are:- • Robin Kelly • Phil Kinder • What we stand for:- • Person to person

  4. Kelly & Kinder Cont… • Service offering • Accounting services • Payroll services • Taxation services • Consulting services • Offshore services 13 July 2014 4

  5. Kelly & Kinder Cont… • Client profile • Small to medium enterprises • Individuals requiring person to person tax advice and assistance 13 July 2014 5

  6. Tax for Commission Earners • Income (> 50% from commission) • Less: Expenses/Losses • In the production of income • Not of a capital nature • Less: Deductions/Allowances • Equals: Taxable income/loss 13 July 2014 6

  7. Expense Examples • Direct expenses • Telephone/Internet • Entertainment/Refreshments • Motor vehicle expenses • Business vs private

  8. Expense Examples Cont… • Home office expenses • Interest & insurance • Electricity & water • Rates • Cleaning 13 July 2014 8

  9. Deductions/Allowances • Repairs • Wear and tear • Computer equipment • Office equipment • Software • Pension/RA/Medical

  10. Tax Compliance • Tax directives • Provisional tax returns • VAT returns • Annual income tax return • Turnover tax 13 July 2014 10

  11. Exchange Control • Foreign investment allowance • Tax clearance application • Earning income offshore

  12. Contact details • 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 13 July 2014 12