1. OLD MUTUAL PRIVATE WEALTH MANAGEMENT PRESENTATION

2. Contents 20 November 2015 2 Welcome and introductions Kelly & Kinder Tax for commission earners Tax compliance Exchange control

3. Kelly & Kinder 20 November 2015 3 Who we are:- Robin Kelly Phil Kinder What we stand for:- Person to person

4. Kelly & Kinder Cont… 20 November 2015 4 Service offering  Accounting services  Payroll services  Taxation services  Consulting services  Offshore services

5. Kelly & Kinder Cont… 20 November 2015 5 Client profile  Small to medium enterprises  Individuals requiring person to person tax advice and assistance

6. Tax for Commission Earners 20 November 2015 6 Income (> 50% from commission) Less: Expenses/Losses  In the production of income  Not of a capital nature Less: Deductions/Allowances Equals: Taxable income/loss

7. Expense Examples 20 November 2015 7 Direct expenses  Telephone/Internet  Entertainment/Refreshments Motor vehicle expenses  Business vs private

8. Expense Examples Cont… 20 November 2015 8 Home office expenses  Interest & insurance  Electricity & water  Rates  Cleaning

9. Deductions/Allowances 20 November 2015 9 Repairs Wear and tear  Computer equipment  Office equipment  Software Pension/RA/Medical

10. Tax Compliance 20 November 2015 10 Tax directives Provisional tax returns VAT returns Annual income tax return Turnover tax

11. Exchange Control 20 November 2015 11 Foreign investment allowance Tax clearance application Earning income offshore

12. Contact details 20 November 2015 12 Web-site: www.kellyandkinder.co.zawww.kellyandkinder.co.za E-mail: robin@kellyandkinder.co.zarobin@kellyandkinder.co.za E-mail: phil@kellyandkinder.co.zaphil@kellyandkinder.co.za Cell: Robin – 083 651 3374 Cell: Phil – 083 635 9029 Office: 031 765 3468