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.
We are a Non-Profit Organisation that has been funded by the Department of Social Develpment and we are reqursed to submit Annual Financial Statements at least 3 months after the end of the finacial year. We need a quoatation from a firm that provides such services for this period 1 January to 31 December .
We opened a Account in which is not as yet actively operating as a business or Account merely using as savings / dispersment/ Emergency of funds. We assumed the bank was submitting to Sars but was recently informed it was only for their records, we need to register or create an Efiling account I think to upload documents financial statements which we don't have, not sure what other documents are required to submit as this is not active and has no funds in it but was advised thst we need to submit irrespective.
I need help managing the finances of my business. Up to now, I have been providing services in my personal capacity as a consultant, but I would like to transition to providing these services through my company instead. As part of this shift, I plan to outsource some of the development work to external contractors, and potentially hire employees in the future. Because of this change, I need guidance on the financial, tax, and accounting implications. For example: I may become both a shareholder and an employee of my own company The business will earn income from clients and then pay me a salary I need to understand how tax works at both the company level and the personal level I would appreciate advice on what key financial and tax considerations I should be thinking about when setting up this structure. In addition, the organisation that I will be providing services to mentioned that they may need to pay tax on my behalf. They said this might apply if more than 80% of my income comes from them. I am not sure whether this is correct or what the implications are. Overall, I need support with: Structuring my business finances correctly Understanding tax obligations for both the company and myself Setting up proper accounting processes Ensuring compliance with relevant regulations Could you advise on the best way to structure this and what I should be considering?
Good day Team, I have successfully registered my company and now require assistance with obtaining a Tax Clearance Certificate / Tax Compliance Status (TCS). I attempted to complete the process on the SARS eFiling system, however it requires a SARS-registered representative in order for me to proceed with registering for Income Tax, VAT, and the other necessary tax types needed to obtain the TCS. Kindly advise or assist me with the next steps.
Good Day Kindly advise a quote to run an audit on AFS for an NPO. The audit happens once a year - Financial Year End is in February. Please advise if there is further information I can provide you with to complete a quote but I would like receipt for submission by 10h00 tomorrow morning. Many thanks, Kind Regards Shivani
Hi there, I’m looking for an accounting/bookkeeping service that’s more on the affordable side. The scope is fairly basic: - Bookkeeping - Accounts receivable - Stock/item tracking - Managing receipts, invoices, and quotes - Cash flow tracking - Bank reconciliations I’m currently using Xero, so I’d also need assistance with setup/maintenance — including connecting bank accounts, platform integration, and proper account categorisation. Let me know if this is something you can assist with and your pricing.
Our Core Services • Accounting & Bookkeeping • Taxation & SARS Support • Payroll & HR Compliance • CIPC & Statutory Services • Business Advisory • Internal Controls & Risk Management • Industry Specific Solutions • Digital & Automation Services Specialised Public Sector Offering • UIFW Investigations • Material Irregularity Support • UIFW Reduction Strategy • MPAC & SCM Capacity Building • Audit Outcome Improvement PAGE 2 — WHY CHOOSE US + CONTACTS Why Clients Choose • Strong compliance expertise • Proven municipal governance experience • Transparent pricing • Fast turnaround • Digital first systems • Industry specific knowledge • Strategic advisory beyond basic accounting Industries We Serve • Construction • Agriculture • Logistics • Property Practitioners • Municipalities & Government Entities
-*Employee with side gig*: “I need help filing my annual tax return and making sure my freelance income is declared correctly — including provisional tax if required.” - *Freelancer*: “I need monthly bookkeeping and quarterly provisional tax, plus my annual ITR12. I want a simple report so I know what I owe.” - *Small business*: “We need monthly books, VAT returns, payroll (PAYE/UIF), and our annual financial statements and company tax return. I’d like a monthly summary I can actually read.” - *Landlord*: “I need accounting for rental income and expenses, and help with that section on my tax return.”
Good day I am starting a new company where I will source products in South Africa for other Counties and then export them. Therefore I'll be in need of someone to handle all my taxes, bookkeeping and financial statements etc. Please note that this business will be working with forex currencies and export taxes. Please send me a monthly quote for the services you'll provide. Kind regards Samantha
I need an all-round accountant. Elements needing done .. .facilitate sale of business and make sure all affairs are carried over to new owner, Personal tax compliance. Business VAT and income tax compliance. Business is new and only traded for around a year. But I would like to wrap up all the detail as well as the creditors etc.