Companies

These are some of the services that we offer to Sole Proprietors and Partnerships

  • Assisting with registration as a Taxpayer
  • Submitting Provisional Tax Returns
  • Submitting Arrear Income Tax Returns
  • Ensuring that Interest and Dividends are properly declared
  • Submitting Annual Income Tax Returns
  •             ○ Ensuring that Interest and Dividends are                 properly declared
  •             ○ Reduction (or elimination) of the tax                        attributable to the Fringe Benefit for the                  use of a Company-owned vehicle, if                       applicable
  •             ○ Ensuring that expenses are fully claimed                 for:
  •             ■ Travelling Allowances
  •             ■ Subsistence Allowances
  •             ■ Claiming expenses against commission                 for commission earners
  • Submitting Objections to Income Tax Assessments, if necessary
  • Obtaining Tax Clearance Certificates
  • Drawing Income and Expenses Statements and Balance Sheets
  • Registering for and submitting Statutory Returns
  •             ○ PAYE/SDL/UIF
  •             ○ Submitting bi-annual Reconciliations of PAYE/SDL/UIF Returns
  •             ○ VAT
  •             ○ Workmens’ Compensation (Compensation for Occupational Injuries and                  Diseases ACT (COID))
  • Drawing up Employment Agreements for your employees.
  • Registering employees for Income Tax if not already registered
  • Issuing monthly payslips

SARS Requests for Documents to verify Details

SARS eFiling system is programmed to randomly request that a taxpayer uploads documents that relate to information provided in their Tax Return for verification of those amounts. It is essential to upload all the related documents correctly. If corrections are necessary afterwards, the taxpayer will have to submit an objection.

Relax and let us submit your Return for peace of mind, even if your Return is chosen randomly for verification.

Provisional Tax Returns

Sole Proprietors and Partners are automatically classified as Provisional Taxpayers. Provisional Taxpayers do not pay more tax on their taxable income than any other taxpayer. They make 2 advance tax payments per year if their estimate of taxable income for the 12-month period is sufficient to attract tax.

This means that they must submit 2 Provisional Tax Returns every 6 months in addition to their Annual Income Tax return. The first Return must be submitted by 31 August and the second Return must be submitted by the last day of February.

Any provisional tax payments made will reduce the amount of tax payable when assessed after submitting their Annual Income Tax Return.

A Provisional Tax Return is a one-page Return in which the taxpayer provides an estimate of taxable income for the full 12 months of the tax year. There are complex rules for the accuracy of the estimate, and these rules can be a minefield. If an estimate is lower than the rules allow, SARS charge a penalty and interest for under-payment when the assessment for the annual Income Tax Return is issued. Penalties may also apply when a Return is submitted late.

Our service is all about providing you with convenience and peace of mind so that you avoid the possibility of paying penalties and interest.

If you need more details about how Provisional Tax Returns work, click here.

Submitting Objections

There are times when we disagree with an Assessment issued by SARS. We assist by lodging Objections in the manner prescribed by SARS.

We can assist you in bringing your tax Returns up to date

Although the submission of arrear Income Tax Returns can be an inconvenience, especially when a search is necessary for some relevant document, it can lead to the pleasant surprise of a tax refund.

Let us bring your Tax Return submissions up-to-date for peace of mind.

Statutory Returns

Returns for PAYE/UIF/SDL, VAT, Workmens’ Compensation require significant knowledge and time to prepare. You have peace of mind when you appoint us to complete these Returns on behalf of your business.

Arrear Business Income Tax Returns

We can assist you in bringing your tax Returns up to date.

Tax Clearance Certificates

For those taxpayers who require a Tax Clearance certificate, for example, for a Tender, it is essential to have ALL tax Returns (for Income Tax, VAT, etc.) submitted with all payments up-to-date. Only then can a Tax Clearance certificate be issued by SARS.

Let us bring your Tax Return submissions up-to-date and obtain your Tax Clearance Certificate.