OLD MUTUAL PRIVATE WEALTH MANAGEMENT PRESENTATION

Contents 20 November Welcome and introductions Kelly & Kinder Tax for commission earners Tax compliance Exchange control

Kelly & Kinder 20 November Who we are:- Robin Kelly Phil Kinder What we stand for:- Person to person

Kelly & Kinder Cont… 20 November Service offering  Accounting services  Payroll services  Taxation services  Consulting services  Offshore services

Kelly & Kinder Cont… 20 November Client profile  Small to medium enterprises  Individuals requiring person to person tax advice and assistance

Tax for Commission Earners 20 November Income (> 50% from commission) Less: Expenses/Losses  In the production of income  Not of a capital nature Less: Deductions/Allowances Equals: Taxable income/loss

Expense Examples 20 November Direct expenses  Telephone/Internet  Entertainment/Refreshments Motor vehicle expenses  Business vs private

Expense Examples Cont… 20 November Home office expenses  Interest & insurance  Electricity & water  Rates  Cleaning

Deductions/Allowances 20 November Repairs Wear and tear  Computer equipment  Office equipment  Software Pension/RA/Medical

Tax Compliance 20 November Tax directives Provisional tax returns VAT returns Annual income tax return Turnover tax

Exchange Control 20 November Foreign investment allowance Tax clearance application Earning income offshore

Contact details 20 November Web-site: Cell: Robin – Cell: Phil – Office: