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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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Business Registration Package
Get a fully functional company registered for only R950. This offer includes the following: This will enable you to start trading, and make your business look professional. Simply click on the link below to get started. Register your company now!! 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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Company Registration at CIPC
Do you want your business to look more professional? Get a private company registered at CIPC now. We offer the following the following for only R350: This offer is valid until 31 May 2023. Simply click on the link below to get started. Also look at all the other services we offer. Register a company Other services we offer 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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Important – Employer Reconciliations due now
What is an employer reconciliation? The employer reconciliation, or PAYE recon as it is known, is the process where the monthly PAYE deducted from employees are reconciled with the amounts paid over to SARS. This is to ensure that the correct amounts are paid over to SARS. IRP5’s are also issued during this process. These IRP5’s are then used by the employees to submit their personal tax. This reconciliation has to be submitted to SARS before 31 May 2023. Failure to submit will result in admin penalties being issued. We can assist to submit to your employer reconciliation. If you need us to submit your PAYE recon, simply complete the…
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CIPC sevices – Company regisrations and more
Contact us for all your CIPC needs. We offer the following services: CONTACT US NOW 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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Get a fully functional business package
Business Registration Package – Only R950 This offer includes the following: Get your business registered now!! 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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How to get a tax clearance for your private company
Need to get a tax clearance from SARS for your private company? A tax clearance is usually needed to apply for tenders, or contracts. What does a tax clearance mean? A tax clearance is issued by SARS if the private company’s tax affairs are up to date. This means that all returns have been submitted and all moneys due have been paid. How the process works to obtain a tax clearance from SARS. The charge to obtain a tax clearance is R250. This cost includes gaining access to the eFiling profile, determining whether the private company is compliant, and applying for a tax clearance. If the company is not compliant,…
