Auto-assessment errors: what to do if your tax is wrong
SARS auto-assessment wrong? Don't just accept it! Learn how to easily fix common errors, claim all your deductions, and file a corrected tax return to avoid penalties.
Very professional and thorough — they were quick to reply, always punctual and their attention to detail was impressive. Fair pricing for such high-quality work; they genuinely went above and beyond and were flexible with our requests. Friendly, helpful support and great overall service, realy impressed
Attention to detail.
Thank you very much Nomyana
About: M Square Finance and Business Solutions is a full-service accounting firm that has been providing quality services to businesses, individuals, trusts, and non-profit organizations in Cape Town since 2010. We offer a wide range of services including bookkeeping, tax preparation, financial planning, and consulting. Our team of highly skilled professionals is dedicated to providing our clients with the highest level of service and support. We are committed to helping our clients reach their financial goals and we pride ourselves on being able to tailor our services to meet the specific needs of each client. Contact us today to schedule a free consultation.
I need a firm that gives an annual quote to be paid on a monthly basis to control the above services including Cipro registration,emp and the like. I do all expenses and revenue recording myself which I collate and present when asked. They must also be available at any time to take phone calls (not essential but would be appreciated)
A trust i own had two properties. I sold one and live in one. Bad sequence of events happened. I moved to the cape. Got a new accountant. She emigrated to england and left me in the hands of her employer. I left him because the service was bad. The next accountant died of covid. The next one got brain cancer and i must get a new accountant. Sars wants me to pay almost in tax for revenue they claim i got from rent. Two townhouses with a big bond cannot earn enough to pay so much tax. I need help!
Haven't been able to submitt my VAT filing and Tax for the past 3-4 years. I am behind so I need to make amends and also make minor adjustments on other matters in connection with compliance and good standing. I need accounting services with a good, reputable and honest practitioner with such expertise.
I'm an SA citizen and emigrated from SA to the UK in and lived in London ever since. I own UK property which I am selling, and I am moving back to SA in November permanently. I want to ensure my tax residency ended in so I am not liable for capital gains on the full portion of UK property gains. That is the immediate requirement. Next up, I am purchasing a property in Sandbaai which I'll live in, and will receive rental income on through Airbnb. I'll need help with annual filings as well as advice on how to minimise my tax liability by claiming relief where possible. Finally, in , my girlfriend and I will purchase additional SA property in a company name, and we'll need legal and tax support. SARS e-filing is complicated, so I want to know how much it will cost to have a local company look after our personal, business and property affairs. We prefer to use a company that has a strong digital offering, with local in-person expertise.
I need someone to capture all invoices and data on xero. I also need someone to just work out the amount that needs to be paid to each employee (7) at the end of each month. I do all payments etc myself. The most important thing is the capturing of data on Xero as we are a I get a lot of invoices weekly and I dont have the time always to do this myself.
“Notice of assessment “ is reeds terug ontvang maar vir audit word daar gevra vir proof of medical expenses. 18 bewyse is Reeds gelaai as files maar as pensioenarisse is ons nie rekenaarvaardig nie en ons kry nie reg om die files ons om te submit. Iemand wat dalk net die regte knoppie kan druk en die koste daaraan verbonde asb?
Interpretation and application of S64 of the income tax act as it pertains to personal expense of a shareholder paid by the company. My interpretation of the section is that interest is charged on the capital portion. Our accounts are charging compounding interest. When I query this they say interest is charged on the interest calculated on the capital amount because it is outstanding. I totally disagree. I understand the section to say interest is charged on the deemed loan, which is the expense paid.
Preparation of Annual Statements: To meet the NCR’s requirement for formal financial documentation, including balance sheets, income statements, and cash flow statements. Assurance Engagement Report: This is necessary if audited or unaudited reports are required by the NCR, providing independent verification of your financials. Completion of Form 40: Assistance with filling out the NCR-specific financial and operational return form. Consultation and Compliance Support: Help with interpreting NCR regulations and ensuring all submissions are accurate and compliant. Organizational Setup for Compliance: Advice on setting up an internal bookkeeping process aligned with NCR standards.
Small company with 6 Employees requiring the services of a Registered Bookkeeper who is in private practice to handle basic book keeping and SARS ? Bargaining Council issues. Email is for the person who handles the financial matters for the company, cell number is for the Personal Assistant (not a company number). Best to communicate via Email at this stage. Company number preferably mornings between 08:00 and 13:00
1. Bookkeeping 2. Payroll Services 3. Monthly Management Accounts 4. Attending to SARS Returns: Tax, VAT, PAYE, Etc 5. Signed off Annual Financial Statements 6. Year-End Accounts 7. B-BBEE Certificate / Affidavit (turnover under R10 million) 8. Registered SARS Practitioner 9. Tax Clearance Certificates ( TCC ) 10. Individual tax returns 11. New Company and SARS Registrations 12. CIPC Annual Returns