McM Articles

Tax audit and investigation

A tax audit and/or investigation is defined as an examination of a taxpayer’s business records and financial affairs to ascertain that the right amount of income is declared and the right amount of tax is calculated and paid in accordance with the laws and regulations.

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Counting Stars

McMillan Woods is a global network or association of independent local and regional firms of recognised qualified accountants and professional advisors.

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Tax evader’s nightmare

Almost 80,000 citizens, companies, and others with unusual riches have not disclosed their real taxable income or underdeclared. The current harsher programme, with much higher penalties, should ferret them out.

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How Budget 2019 taxes will affect you

An interesting aspect of Budget 2019 is the special Voluntary Disclosure Programme, which gives taxpayers an opportunity to voluntarily declare any unreported income.

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