• SARS,  Tax

    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 via sms. This is why it is so important to update your contact details at SARS. This will ensure that you never miss a notification regarding your tax. Contact us for more details.

  • SARS,  Tax

    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 make sure that SARS has your correct banking details. This will ensure that if a refund is due, it is paid into the correct account. Creating a new tax profile, or transferring a tax profile, can only be done if the taxpayer’s details are up to date. Contact details, i.e. eFiling security details, can only be changed at a SARS branch or doing a telephonic appointment. Contact us for assistance with updating your contact details now. And make sure you…

  • SARS,  Tax

    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 an override code. This has now changed. Taxpayers do not have to wait anymore. eFiling now gives taxpayers the option to immediately transfer the tax type using a one time pin. It is very important to note, that the contact details of the taxpayer has to be up to date at SARS. This is because the one time pin is sent via sms or email. In the case of a company, a public officer has to be assigned by SARS.…

  • Financial statements

    Why you need to do annual financial statements.

    You need to do annual financial statements for your company every year. This include private companies, close corporations, sole proprietors, non profit companies and partnerships. When to do financial statements. The financial statements have to be compiled after the financial year end of the company. The statements will include transactions for a period of 12 months. Except for the year in which the company was started, then it will only include for the number of months leading up to the first financial year end. The majority of companies have February as a financial year end, but any month can be chosen when the company is registered. This option is not…

  • Tax

    Does your company have outstanding tax returns?

    If you have not submitted your company’s tax returns in terms of tax, PAYE or VAT, contact us today. SARS has intensified their collection process, and is currently busy raising admin penalties for any outstanding returns. These admin penalties are up to R250 per month for every returns that has not been submitted. This can lead to a substantial amount that has to be paid to SARS. Business owners must also remember that they have to continue submitting returns as long as the company is registered, even if it is not trading.

  • Tax

    SARS final demand

    SARS is in the process of sending out final demands for all taxpayers who owe money. It is very important to know at all times what your tax status is, even when the company has been dormant. Even if a company has not been trading, a tax return has to be submitted for every year. SARS issues admin penalties for non submission of returns of R250 per month per return. This can add up to a considerable amount. Taxpayers should also ensure that their PAYE and VAT are up to date. If you have received a final demand from SARS, contact us to help you manage your debt. Or put…

  • Tax

    About Us

    We are a group led by a registered tax practitioner. With over 10 years experience in income tax and accounting, you can be assured that you will get the best advice and service. We are situated in Garsfontein, Pretoria, but can serve clients country wide with the help of modern technology. Contact us today for more information.