MPower Max is a consultancy specialising in external Employee Tax Incentives, offering insight to your business that helps save money, and improve your B-BBEE status.
In South Africa, employing female youth can provide significant benefits for businesses, especially in the context of Broad-Based Black Economic Empowerment (B-BBEE). Here are some key advantages: Improved B-BBEE Scorecard Employment Equity: Hiring young black women can help meet the Employment Equity requirements under B-BBEE, improving your company’s score in this category. Skills Development: I...
External employment tax incentives can positively impact your B-BBEE (Broad-Based Black Economic Empowerment) scorecard in several ways: Skills Development: By utilizing the external employment tax incentives, you can invest in training and development programs for the unemployed and uneducated youth. This contributes to skills development, which is a key component of the Skills Development element of the B-BBEE scorecard. E...
Regardless of whether your company is a Start-up Enterprise, a Private Company, a Close Corporation, listed or unlisted, operating in South Africa has changed drastically in the past years irrespective of the industry and/or sector you are trading in. It is understandable to be confused and overwhelmed merely by the thought of preparing for your B-BBEE Verification. To simplify preparing for your B-BBEE verification, you must first focus on th...
Are you a South African employer looking to boost your bottom line while contributing to job creation? Employment Tax Incentives (ETI) might be the solution you've been waiting for What Is Employment Tax Incentives (ETI)? Employment Tax Incentives, often referred to as ETI, is a National Treasury initiative aimed at encouraging businesses to assist young, unemployed, and unskilled youths of South Africa. This program provides financial...
According to Finance Minister Enoch Godongwana “There is no basis to say we are doing away with B-BBEE.” Ever wondered about the Government’s need to comply with B-BBEE legislation? According to the Codes of Good Practice all state and public entities are seen as measured entities, which means that they are required to implement the B-BBEE codes. State and public entities must comply with 4 o...
Improve B-BBEE Skills Development Points at No Cost! MPower Max can help through the utilisation of Employee Tax Incentive Act (Act 26 of 2013). Try Our ETI Savings Calculator CLICK HERE Request A Callback Now! CLICK HERE The Employment Tax Incentive (ETI) is a programme that is sponsored by Nati...
ETI - A Brief Introduction One of the greatest challenges faced by South Africa is the high unemployment rate, which especially impacts the youth. High levels of unemployment have a profound impact on the socio-economic fabric of South Africa as a society. In this year’s State of the Nation Address (SONA), President Cyril Ramaphosa emphasised the role of government in helping businesses thrive so that they can create much-needed j...
