Kellock Management Consultants
Tax Consultant in Bethlehem

Kellock Management Consultants has been delivering superior business support services to over 150 SMME clients across South Africa for the past 25 years.

For the past decade South Africa and the world in general has gone crazy on maters of compliance. In our view compliance is more a reflection of a deterioration of morals and ethics the world over and the enactment by governments of numerous compliance laws is just a further indictment of the deterioration of the moral fibre. Our view is that corporate governance remains the anchor of any good business and what follows is pretty much designing systems and procedures to satisfy the bureaucracy’s unfathomed need for paperwork. We here at KMC believe that with proper planning, incorporating existing systems and procedures, compliance will take care of itself and it need not be time consuming or costly to an organisation. We have qualified staff that can attend to all or most of your bookkeeping, accounting, tax and payroll needs, what’s more we can advise you on the best course of action to be taken when it come to matters such as BBBEE, Employment Equity, consumerism and other relevant business and finance legislation. All registered corporate (including for profit trusts) tax payers are provisional taxpayers which necessitates the submission of a 6-monthly return with estimates on their final tax liability for a specified tax year as well as an advance payment for taxes. Very few individual taxpayers know the workings of CGT and some are even blissfully unaware of its existence. CGT has been labeled as a distraction to capital movements and in a developing economy such as ours CGT does not really have a place especially if we require FDI (Foreign Direct Investments). Capital should flow where it is needed and more importantly where it can yield a decent return. With CGT in effect penalizing the formation of capital this new piece of legislation although less than 10 years in existence is a mind field of complexities. As a taxpayer whether you are an individual or corporate CGT applies and you need to report capital movements on your tax submissions annually whether it is the sale of a property or investment or even just a rebalancing of your investment portfolio. This is a very large disparity which makes the choice as to whether you invest in your personal name, via a corporate or Trust can have significant tax implications on the long run.