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 have a small, simple rental equipment business, which I am in the process of closing. All bookkeeping has been completed and is up to date on QuickBooks. The records are clean and straightforward. I require a once-off service to: 1. Prepare Annual Financial Statements (Income Statement and Balance Sheet) 2. Provide a compilation/sign-off suitable for SARS 3. Assist with final tax submission if required 4. Advise on deregistration/closure if applicable This is not an ongoing engagement. Please indicate your experience with small business closures and expected turnaround time. thanks
I’m looking for a tax professional who can assist me with setting up and managing provisional tax in South Africa. I work as a Virtual Assistant for international clients, and my income is generated from outside of South Africa. I’d like guidance on how to correctly structure my tax obligations, ensure compliance with SARS requirements, and optimize my tax position where possible.
An existing (older) trust will soon receive a business property. The trust is currently not registered for tax with SARS. The objective is for rental income generated from the property to be distributed to a single beneficiary and taxed in the beneficiary’s hands in terms of the conduit principle. Assistance is required with: Registering the trust for tax with SARS Ensuring ongoing tax compliance for the trust (including annual ITR12T submissions and related obligations) Structuring the rental income flows correctly to apply the conduit principle Assisting with the beneficiary’s individual tax filings (ITR12), ensuring correct disclosure of rental income
I have a trust registered. To date it has been dormant. Currently this trust only holds shares in a private company - dividends will only start flowing into this trust from this month onwards. I require the services of an accounting firm for annual tax returns - there will be limited transactions taking place.
I would like Tax efiling service of my small registered company that I trade alone and make business and personal payments from the FNB business bank account. I have the FNB Instant Accounting transactions records but they not customised to business transactions and personal. It's a cocktail of transactions. I need SARS annual tax returns filed on the email sole trader business
Members of this organization supposed to pay monthly subscription of R20 whereas some of them are not adhering to that. The money is kept at the bank. We therefore need to be audited in order to have audited statements. The money is used for traveling to meetings and workshops for the executive members
Hi, i registered a business some years ago, the business never traded and is deregistered. I am just concerned about the tax, i normally just added a 0 amount on CIPC, never really filed anything with sars, i am not sure what i need to do to ensure i do not get a surprise one day, as i do read some thing every now and the about this
I am a SARS registered tax payer. What I need is only doing an annual SARS tax return which should be very simple. I am retired & unemployed. My income is from a small RA. Very rarely I may transfer funds from a SA investment fund to my bank account. I reside in Czech Republic & have filled out the form using Cape Town
I work remotely, as a contractor for MI-C3 International head office Malta. I do not get an IRP 5, no tax is deducted by the company - my earnings are declared in South Africa. At this time this is my only earnings/salary. I am a regular tax payer, tax submission for the year ended 28 Feb . I am not a provisional taxpayer.
Dear Sir/Madam, I hope this message finds you well. We hereby request a quotation for the auditing of our school’s financial records for the financial year. Please note that the preparation of our Annual Financial Statements (AFS) is currently being handled by a bookkeeper appointed by the Gauteng Department of Education (GDE). As such, we require the services of an independent auditor to review and audit the prepared financial statements in accordance with applicable regulations and standards. Kindly provide us with a detailed quotation outlining your fees, scope of work, and estimated turnaround time. Should you require any additional information or documentation in order to prepare your quotation.