Mgt accounting and consulting

As May comes to a close, businesses should not only be thinking about submissions — but also about financial structure, cash flow, and planning ahead.

We help ensure your accounting systems support both compliance and business growth.

👉 Want better control over your month-end process? Reach out today.
www.mgt-accounting.co.za | [email protected]

This is one of the busiest compliance points in the month for businesses dealing with SARS.

VAT and PAYE submissions are due — and delays or errors can quickly lead to penalties and follow-ups.

If you haven’t finalised your submissions yet, now is the time to act.

Need help getting everything submitted correctly and on time? Contact us today. www.mgt-accounting.co.za | [email protected]

Today, we celebrate the strength, resilience, diversity, and endless potential of our beautiful continent. At MGT Consulting & Accounting Firm, we are proud to be part of Africa’s growth journey — supporting businesses, empowering financial success, and building stronger futures.

Here’s to innovation, unity, and prosperity across Africa.

Happy Africa Day from all of us at MGT Consulting & Accounting Firm.

We’re nearing mid-year — the ideal time to assess whether your business is financially structured for the rest of 2026.

Are your books up to date? Are your systems working for you? Are you compliant and tax-ready?

👉 If you’re unsure, we can help you assess and realign your financial setup. Get in touch with MGT Accounting today www.mgt-accounting.co.za | [email protected]

Many tax problems don’t start as big issues — they start as small oversights: a missed detail, an incorrect submission, or a deadline that slips through the cracks.

The challenge is that you usually only find out when the penalties arrive — and by then, fixing it costs far more time, money, and stress than getting it right from the start.

That’s where having the right support makes all the difference.

We work closely with businesses to reduce risk, improve accuracy, and ensure every submission is handled correctly and on time with SARS requirements.

👉 If you want fewer surprises and more confidence in your tax and compliance, get in touch with us today.

www.mgt-accounting.co.za | [email protected]

The Annual Employer Reconciliation Declaration (EMP501) is a critical compliance requirement for all employers, with the submission deadline set for the end of May.

Employers must submit their EMP501 to SARS for the period 1 March 2025 to 28 February 2026.

Errors, omissions, or late submissions can lead to penalties, delays, and unnecessary administrative pressure for both employers and employees.

To help you stay compliant and avoid common pitfalls, we’ve broken everything down clearly in our latest blog.

👉 Read the full article here for key deadlines, requirements, and what you need to watch out for:
https://mgt-accounting.co.za/2026/04/29/annual-employee-tax-recon-due-end-may/

Busy doesn’t always mean productive.

Many business owners spend hours on tasks that feel important… but don’t actually generate income or move the business forward. This is what we call “invisible work” — and it’s one of the biggest causes of burnout.

If you’re constantly overwhelmed, it might be time to step back and ask:
👉 What am I doing that my customers will never pay for?

Because real growth happens when your time is spent where it truly matters.

Learn how to identify and reduce invisible work in your business.
Read more: https://mgt-accounting.co.za/2026/04/29/invisible-work-3-labour-intensive-things-customers-will-never-pay-for/

MGT Accounting had the pleasure of attending Internal Audit Day yesterday — a great opportunity to connect, learn, and engage with industry professionals.
We’re always committed to staying informed and aligned with best practices to better serve our clients.

Are you relying too heavily on one client?

It might feel like stability… but it could be your biggest hidden risk.

The 40% Rule is something every business owner should know — because when too much of your revenue comes from one source, your cash flow, valuation, and long-term growth are all on the line.

The good news? There are practical ways to manage this risk before it starts managing you.

Read more: https://mgt-accounting.co.za/2026/04/29/the-40-rule-do-you-have-too-many-eggs-in-one-basket/

If you’re planning to sell your business as part of your retirement, timing and structure matter more than ever.

The latest updates to CGT exemptions for small business owners aged 55 and older could significantly improve your financial outcome — but only if you understand how to apply them correctly.

With expanded definitions and increased limits, this is an opportunity worth planning for carefully.

Read the full blog here:

https://mgt-accounting.co.za/2026/04/29/selling-your-business-to-retire-get-this-tax-relief/

📩 Contact MGT Accounting to ensure your exit strategy is tax-efficient and aligned with your long-term goals. www.mgt-accounting.co.za | [email protected]