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Company Income Tax Returns
How the process works. 1. Determining whether the company has a public officer Whether your company has a public officer appointed at SARS, will determine whether you can get access to eFiling. Without access to eFiling, it is not possible to submit your tax returns. All private companies, close corporations and non profit companies need to have a registered public officer at SARS. We can assist you to appoint a public officer at SARS. This is a very important step to take for all new companies, as well as for companies that are a few years old and have never submitted tax returns. This process can take up to 21…
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Need to submit your private company’s tax returns??
This week, SARS has sent out out notices to directors who have not submitted their private company’s tax returns, threatening them with criminal action. In this case, remedial action has to be taken immediately. How the process works. Submitting your tax returns isn’t as easy as registering a profile and submitting your returns. Before access can be gained to the eFiling tax profile, the company has to have a registered public officer. Click here to read more about public officers. Only once a public officer is appointed, can it be determined which returns are outstanding and whether there are admin penalties payable. Important to remember when submitting your tax returns.…
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Why it is important for your company to have a registered public officer
What is a public officer? The public officer is the contact person registered at SARS who is responsible for the tax matters of the private company. This also applies to close corporations and non profit companies. This person is responsible to ensure that all tax returns are submitted and money payable to SARS are being paid. What happens if there is no public officer registered? If the company does not have a registered public officer, the company will not be able to access eFiling. This means that the company will not be able to submit tax returns, register for other tax types like PAYE or obtain a tax clearance. Thus,…
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What to consider when registering for VAT.
Compulsory registration All private companies have to register for VAT within 21 days after the turnover for 12 consecutive months has passed R1m. Voluntary registration SARS looks at certain scenarios where a private company can voluntarily register for VAT. Some of these scenarios include: SARS have started to apply these rules more strictly in order to avoid corruption. This means that in some cases, where SARS believes that the abovementioned scenarios do not apply, they will ask for supporting documents. The turnaround time for them to inspect the documents, and decide whether to issue a VAT number is then 21 business days. We can assist clients in registering their private…
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Why is it important to submit the correct information with your company’s annual return?
All private companies and close corporations have to submit annual returns to CIPC on a yearly basis. The return should be submitted during the anniversary month of the company to avoid penalties. In order for CIPC to send you an email regarding the returns, it is important that they have your correct email address and cellphone number. Together with the annual returns, there is additional information that needs to be submitted. Firstly, the annual turnover for the company has to be declared. Also, if the company has annual financial statements for the period in question, the details of the independent accountant has to submitted. This includes the name of the…
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Why you have to submit annual returns.
It is important to submit annual returns at CIPC every year. This will ensure that your company stays active and doesn’t get deregistered. Failure to submit your annual returns can also lead to your company’s bank account being frozen. Contact us to assist you with submitting your annual returns. Simply click on the link below, and we will send you a quote. The cost is R60 per annum, plus the CIPC fees. Submit your annual returns. AndreI have over 10 years experience in dealing with CIPC, tax and accounting matters. I have been self employed for the last 5 years. We always strive to give customers the best advise and…
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Private Company Address Change
It is important to have the correct address registered at CIPC for your company. This will ensure that you won’t have problems when you need FICA documents for the bank or SARS. It is important when dealing with SARS that the correct address for the company is shown on the company documents. Simply click on the link below and we will update your address details at CIPC. The cost is only R50. Update Your Address AndreI have over 10 years experience in dealing with CIPC, tax and accounting matters. I have been self employed for the last 5 years. We always strive to give customers the best advise and service…
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Why is it important to submit annual returns to CIPC?
What are annual returns? Every registered company or close corporation has to submit an annual return to CIPC every year. The annual return is basically a declaration reporting on the turnover and operation of your business. Some of the information that has to be submitted is the following: When is the annual return due? The annual return is due every year on the anniversary month of the company. What happens if the returns are not submitted? The first step CIPC will take is to raise a penalty fee. Continuous failure to submit the returns will result in the deregistration of the company. When the company is deregistered, CIPC will notify…
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Director and other company changes – R250
If you need to do any amendments to your company at CIPC, we can assist for only R250. This includes the following changes: · Director changes · Director contact detail update · Company contact detail update · Financial year end change DIRECTOR CHANGES OTHER COMPANY CHANGES AndreI have over 10 years experience in dealing with CIPC, tax and accounting matters. I have been self employed for the last 5 years. We always strive to give customers the best advise and service possible. cipcservices.co.za
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Let us take care of all your CIPC needs!!
Some of the services we offer: Visit our website for more information. Click here if you need more information AndreI have over 10 years experience in dealing with CIPC, tax and accounting matters. I have been self employed for the last 5 years. We always strive to give customers the best advise and service possible. cipcservices.co.za
