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.
I am essentially a consultant. I do planting design and source plants for projects. I sell a book that I authored. I run some private expenses through the business - not too much, as flying under SARS radar. However the company does have an accumulated loss. So it is a very simple business with some expenses and income, and member's loan transactions. I work in Sage One - so all expenses and invoices are in the system and reports are easy to access. However I do require someone to match/ correct the opening and closing balance, because automatic feeds in Sage leads to duplicates, which creates a discrepancy.
I need to be assisted on my tax returns. I was not walking from July . Not earning any salary and got employment in September. The time I was not working my previous employer hold my pension claims for 7 years and release them in . Now every year SARS keep on claiming money of R or R every time and have paid those penalties and have proof with me. When I submit to them as proof of payment they don't cancel my debt after three months they will call me on Sunday demanding the penalty that have already paid and show them proof of payment. So I need your assistance in this regard concerning my tax return
I have a final demand for tax for the business, the business only formally traded in , and i closed the company bank account in with proof from the bank. The business failed and i dont need to liquidate, i need to get the tax submitted to close the company for good. My business failed and i am low on cashflow. Please help with a reasonable quote.
I am a British non-resident man who has an apartment in Cape Town. I want services relating to: - Advice on the classification of the property for tax efficiency when it is ultimately sold: what can be done now to ensure tax-efficiency - Urgent filing of a tax return, and for future returns, relating to property income - Administrative assistance in the compiling of property accounts Please only reach out if you have experience filing accounts for property income for non-residents AND experience in accounuting regarding the sale of property by non-residents as this is an absolute must. Please in your response indicate meeting time/s that could work for a video call for next week and your rate. Many thanks
Good day, I need assistance with the certification of my business documents by a bookkeeper. The company has never traded but intends to purchase an asset in its name. As part of the FICA documentation required by the transferring attorneys, I need a signature from the auditor or bookkeeper confirming the company’s business details. Please let me know if you’re able to assist or if any additional information is needed.
Good evening, I apologize for reaching out at this late hour. My name is Shaun, and I run a company called OEM . I am currently behind on my VAT submission and need to bring it up to date as soon as possible since I require my tax clearance certificate. I encountered a setback with a client that led to significant financial loss, which caused me to fall behind. Could you please assist me, and what would the charges be?
Personal Financial Needs: Personal bookkeeping budgeting and financial planning to ensure a sustainable financial future. Tax planning and filing to optimize my obligations efficiently. Creating a structured financial plan to systematically clear debts, achieve financial freedom, and establish long-term financial stability. Developing a comprehensive strategy for savings and investments to grow wealth and secure my future.
I am reaching out to seek your advice on refinancing my investment properties. I am the sole owner of MULOPO ASSET MANAGEMENT (PTY) LTD, a company specializing in real estate investment, and I currently own four properties in Pretoria, all of which were purchased in cash. My goal is to refinance these properties to unlock equity and acquire additional investments. I would like to understand the best practices to optimize my finances and maximize my chances of securing a favorable refinancing deal. Could you guide me on the necessary documents to prepare, key financial indicators to monitor, and the best accounting and tax strategies to successfully complete this process? I would be happy to schedule a meeting to discuss this in more detail.
OK So I have a company in Blantyre and a smaller company in South Africa. We are based but use our South Africa business to export goods from SA to . We are registered with SARS as an importer and exporter we are registered for VAT etc. We do not have staff in SA and remotely run the exports from . We have a truck that comes to SA to collect goods roughly every 2 months. Our SA company issues invoices to our company who remit the payments to SA. So I need some one who can process our VAT returns, claim back input VAT on export of goods in SA and make sure we are compliant with our taxes etc. We make few transactions, about 5 or six input bills and the same corresponding outputs per month. So we are quite small. This year the T/O may reach ZAR2 million. Can you assist me?
Full monthly payroll processing (currently 16 employees, with occasional additions) Monthly submission of employees’ tax returns (EMP) to SARS Bi-annual employees’ tax reconciliations and submissions (EMP) Monthly UIF declarations and returns Annual Compensation Fund (COIDA) return Loading and processing of payroll payments via electronic banking Issuing of IRP5s to employees Handling all SARS-related correspondence and compliance matters pertaining to employee taxes Resolution of outstanding historical payroll and SARS submission issues (we have prior payments made but not submitted on eFiling)