Returns include provisional tax returns not submitted or paid. In most cases, large penalties and interest has been levied against them by SARS. Our expert accountants will assist to:
Transfer the company E-filing profile to our profile in order to view your standing with SARS
Compile Annual Financial Statements for the company and sign these off, in order to submit
to SARS as supporting documents for your Income Tax returns
Apply for remission of penalties and interest on your behalf
By law, businesses with a gross income of R1 million and over are required to register for VAT. Voluntary registration can be done if in the event of a turnover of more than R50 000. We register companies for VAT and do the SARS interview for registration for clients using the following process:
Send mail to client with requirements
Once all documents are obtained we visit SARS for the registration and interview
A SARS official records all documents after interview and provides VAT number
Register client on E-filing for submission purposes
Our service includes the monthly and bimonthly submission of VAT. Companies
that have not done any VAT submissions, can be assisted with outstanding returns.
Input VAT is claimable for 5 years since date of invoice. Below is an example
of items that can be claimed as VAT input:
Cost of sales
All expenses for which the company have a qualifying invoice that was spent on expenses in order to gain income.
Legally minimising the clients tax burden though proper planning of taxes on an
ongoing basis to keep the tax bill to the minimum. This includes the following tax types:
Income Tax – Company and individual
Preparation, Review and Compilations of Annual Financial Statements
Our Accountants are registered with SAIPA and SAIT and are qualified to sign off on Annual
Annual Financial Statements are prepared and presented in accordance with International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SME’s) and the requirements of the Companies Act of South Africa
Backed by a team with specialist knowledge on VAT and extensive experience in negotiating with SARS - to waver outstanding tax returns. Provide ongoing VAT submissions and annual financial statements to SARS will be kept up to date to ensure compliance with SARS going forward
Experts in the field provide added pertinent advice as to what type of entity (individual/Trust/PTY LTD) is best suited for your start up and how your accounts should be structured to ensure tax optimisation.
Companies are deregistered if the returns on CIPC are not done for 3 years more. In-house accountants reactivate CIPC membership through updating membership. We also sign off and submit your yearly returns to the CIPC on your behalf.
PBO actively registered at SARS? Organisations are will not qualify for tax exempt donations if:
Found to be non-compliant
Not approved by SARS under section 18A
Failed to submit annual financial statements
Subsequently, such organisations will be taxed on all income received and the company making said donation will not be able to claim tax back from SARS. We are able to backdate any outstanding returns, correctly prepare annual financial statements and make sure you are fully compliant with SARS. This includes applying for approval under Section 18A. Thereafter, we can prepare financial statements and submit on a yearly basis.
SARS and COIDA Registrations
Our accounting team can absorb the payroll tasks that take up unnecessary time and effort from running a business. We do all the registrations with SARS, Department of Labour and COIDA to ensure compliance on behalf of the employer. By law all employees must have a tax reference number, we do this registration on behalf of the company.