VAT made simple: when to register & how to file your VAT201
Confused by SARS VAT? This simple guide for SA businesses explains the R1 million threshold, when to register, and how to file your VAT201 correctly to avoid penalties.
Customers invoices - up to 5 per month. Suppliers invoices - up to 5 per month. Cash transactions - no. VAT registered - yes. The number of employees - 0. Property, plant and equipment - no. Preparing invoices - not required. Making payments - not required. Business activity - extraterritorial wholesale trade. The product will not be exported or imported into South Africa. Goods - industrial chemicals and equipment.
Good morning, I am working as a part-time independent consultant and need help filing my tax returns. I am earning money from both my consulting and interest on investments. My husband would also like to be using your services for his tax filing needs too. Please advise the steps going forward. Kind regards,
We own a very small water shop independently. Currently our turnover is around R per year. We also are not profiting yet. We need someone to assist us in Financial Statements for 2 years as well as tax submissions. We need quotations for the two years of financial statement and 2 years tax submissions.
I am gainfully employed, but also have a side business that is very closely related to my full-time job. I registered the business ess in , but have not bothered filing any returns as it was so quiet and sporadic. However, I have subscribed to Quickbooks online in order to keep track of more and more work coming my way. I just don't know how to use it properly. Either I get a Quickbooks guide to study or I go with the better option of hiring an accountant. I need instruction more than anything. A person I can ask for advice. I'm eager to learn. I just don't know who to ask.
I work remotely as an independent contractor and do not have an IRP5. I earn a monthly income and need to submit my tax. I am behind as I did try submitting it on filling and received no penalties but as I tried to submit it stopped giving me the option to do so and this slipped my mind and haven’t gotten to to it again.
I am looking for advise from someone who is familiar with tax laws. I have a rental property that i am currently renting out for Rpm and I am considering to let my in laws stay there but at a much lower cost say Rpm.i want to find out will i still be able to claim the usual deductibles like bond interest, levies, municipal bills etc?
We have a private company registered in Botswana and have registered the company in South Africa as a foreign company. The company was registered in . The RSA company owns one property and has a deposit on a property under development. We need assistance in managing the finance and tax affairs in RSA as none of the shareholders reside in RSA. The company does not have many transactions.
Good day, I need assistance in SARS increasing my tax payable to them. I was initially auto assessed to received R7k from SARS. However, SARS requested my IRP5 and proceeded to re-assess me for both and tax years. This caused me to be liable to pay SARS over R11k. Your assistance in having this reduced would be highly appreciated.
I need a chartered accounting certificate for my friend who wants to apply for Retired person visa for South. This is one of the requirements where the applicant needs to prove that he has a monthly income of atleast ZAR 37,. The income may originate from a pension, retirement account or any other assets.
I have a registered company which is not trading. I’m currently earning income in my personal capacity ie paying person income taxes, through a permanent job and other contracts. I’d like to look into financial implications to be paid through my company as I am currently in the highest tax bracket.