Posts
Tax season 2022 has started
SARS has started from 14 June 2022 with the auto assessments of some individuals. In the the case where SARS has done an auto assessment, the taxpayer will be notified…
SARS – Contact details update
As we approach filing season, which starts on 1 July 2022, it is important to ensure that you have updated your contact details at SARS. It is also important to…
Transferring of tax types on eFiling
SARS has changed the way the transferring of tax types on eFiling works. Previously, the tax type had to be requested, and then after 5 business days, the taxpayer received…
PAYE recon – 202202
The deadline to submit your PAYE recon, aslso known as the EMP501 is 31 May 2022. What is a PAYE recon? This is the process where the amount of PAYE…
SARS turnaround times delays
Since January 2022, SARS have been problems with keeping up with their turnaround times. How does this impact you? The result of this is that everything takes longer to be…
Why do I have to pay income tax at year end if I have more than one income?
I get asked this question quite a lot. If you have more than one income stream during a financial year, the chances are very good that you will need to…
Tax directive
A tax directive can be obtained by employees that receives commission income. This directive will then instruct the employer to deduct tax at a fixed rate, which is usually 18%….
eFiling and new company registration
SARS has recently changed the way in which newly registered companies are registered on eFiling. Once you have done a company registration, CIPC automatically notifies SARS, who then issues the…
PAYE recons 2021
Employers have to submit their annual PAYE recons, also known as the EMP501 before 31 May 2021. This applies to all employers who This is applicable to all employers who…
Company registration at only R450
Company registration at only R450 only for the month of March 2021. This includes the registration of an income tax number at SARS. Turnaround time is 2 days if all…