To file your taxes accurately, you’ll need to provide proof of income (e.g., IRP5, payslips), records of allowable deductions (e.g., retirement annuity contributions, medical aid contributions, and medical expenses not covered by your scheme), investment statements, and any other relevant receipts or documents showing expenses or earnings. If you’re unsure about what’s needed, our team can assist in gathering the necessary documentation.
VAT returns in South Africa are typically submitted every two months if you’re on a Category B filing schedule, or monthly if your VAT turnover exceeds R30 million per annum. Smaller businesses registered under Category A also file every two months. Our team can help you understand your VAT obligations and ensure timely submissions.
Provisional tax is a system that requires individuals or businesses with irregular income to pay taxes twice a year, based on estimated earnings. PAYE (Pay-As-You-Earn), on the other hand, is a tax system where employees’ taxes are deducted directly from their salaries by their employer each month. We offer assistance with both provisional tax and PAYE compliance.
Management accounting provides insights into your business's financial health through detailed analysis, forecasting, and budgeting. By understanding costs, profitability, and cash flow, you can make informed decisions to optimize performance and drive growth. Our management accounting service is designed to help you make data-driven decisions tailored to your business goals.
Businesses must comply with a variety of regulatory requirements, including company registration, SARS tax filings, VAT registration, and, where applicable, labor laws such as UIF and SDL contributions. Our team can guide you through each compliance step, ensuring that your business operates within legal standards and avoids penalties.
If you’re behind on your tax returns, it’s important to submit as soon as possible to avoid penalties. SARS may offer relief through the Voluntary Disclosure Program (VDP), which allows you to disclose unpaid taxes with reduced penalties. We can assist you in assessing your options and preparing any overdue returns efficiently.
es, you can claim home office expenses if you work from home and meet SARS requirements, including using a dedicated workspace in your home exclusively for business purposes. Deductible expenses may include a portion of your rent or bond interest, utilities, and repairs. Our team can help determine your eligibility and maximize any allowable deductions.
To register a new company, you’ll need to submit your business name, choose a company structure (such as a private company or nonprofit), and register with the Companies and Intellectual Property Commission (CIPC). Additional registrations for VAT, PAYE, UIF, and other statutory requirements may also be necessary. We offer a full company registration service to guide you through each step and handle all required submissions.
SARS can impose a range of penalties for missed deadlines, including administrative penalties, which are typically charged monthly for non-compliance, and interest charges on outstanding balances. Severe cases may result in legal action. We can help you stay compliant with timely filings and manage any outstanding obligations to minimize penalties.
We provide payroll services that ensure accurate, compliant payroll management, handling everything from employee tax calculations to statutory submissions for UIF, PAYE, and SDL. By outsourcing your payroll to us, you can reduce administrative burdens, prevent payroll errors, and ensure your employees are paid accurately and on time.
With a team that combines experience, innovation, and dedication, we’re here to help you succeed and thrive in today’s dynamic financial landscape.
We don’t just manage numbers; we help you navigate your journey with foresight, integrity, and support.
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