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 run a solo business where I compose music, generate royalties from songs played and provide music services from my studio. I also use my studio to record my voice over jobs and I'm an on screen presenter. My main business costs are occasional pieces of equipment like computer upgrades, camera and lighting equipment, props and outfits and online subscriptions for my editing software. I also do music and voice over consultations. I used to work as a physiotherapist full time and that supported my personal costs, but I left that job in and I've been relying on the above-mentioned income to sustain myself and my family (bond costs, groceries, etc). This has meant that I draw quite a lot of my earnings for personal costs ultimately making me the biggest cost to my business. I feel like even though it's a small operation that I run, it's quickly becoming too big for me to not prioritize setting up a structure that allows me to handle these personal costs, keep the business healthy and create a predictable tax situation come the end of the financial period. My knowledge is very limited when it comes to tax compliance and accounting in general and I need assistance in setting up this structure. I read that I could have a smaller salary, pay PAYE and handle the rest of my personal needs in dividends, but I have no idea of the implications of any of that or whether that's even the best structure for me. What I do know is how much the business needs to run, how much I need personally for my expenses and how much I expected to generate on average based on and . My main goals are to remain compliant, maximize tax efficiency, build a small but steady cash reserve and still able to run my business and handle personal expenses. Any assistance in achieving these goals will be appreciated.
I need assistance with a few SARS corporate tax matters. I have approximately three nil corporate tax returns that need to be filed, and one company that had a small amount of activity which also needs to be submitted. In addition, I’d like to discuss my personal taxes, as I believe we may need to file my personal returns too. I also understand that SARS currently has certain relief options available when filings are submitted, and I’d really like your guidance on how best to proceed and take advantage of those. This is quite urgent, so please let me know your availability. Thank you, Anthony
We need the following financials to be prepared and submitted urgently: Company #1 Annual ancial Statements for the year ending 31 October ; Management Accounts for to date, and Five-year projected Annual ancial Statements Company #2 Annual ancial Statements (latest available year); Management Accounts to date; and Five-year projected Annual ancial Statements. Quotation Prepare a formal quotation document, including: Professional fees for the preparation of the above deliverables; Timelines for completion and delivery; and Ensure the quotation is client-ready, with clear formatting and professional presentation. Action Notes: Please ensure all documents are accurate, compliant, and formatted for client-facing submission. The quotation should reflect both the scope of work and realistic delivery timelines.
I have submitted my documents to the Department of Social Development for the registration of my non-profit organization. Although the process is currently underway, I would like to explore whether there is any way to expedite it, and I was hoping to get your professional guidance on this . Could you kindly let me know when it would be convenient for us to have a brief discussion? Please advise on a suitable time for me to call, or feel free to get back to me at your earliest convenience.
Hi, I earn a salary under PAYE and also receive rental income. I have not been claiming all my rental expenses and I sometimes submit late. I need help with submitting my return correctly, registering for provisional tax, and checking if Voluntary Disclosure is needed. I already have all my supporting documents. Please can you quote me?
Good day Sir/Madam We are a startup company, we need an assistance with tax returns and to be compliant. We have done few government jobs but we don’t get paid because we are not compliant. There are potential jobs which we can get due to our good reputation but we want to be compliant. Can you please assist us. Looking forward from hearing you. Kind regards
This company is registered two months ago, and we are in need of a public officer and bookkeeper . We are not yet in operation, I'm still setting up to start in January . I need to get my tax certificate , but need a public officer to do it for me. My request is for a public officer for my company.
I'm currently looking for help with my taxes. I was attempting to do my annual tax returns and realized I hadn't filed for so I'm owing a huge sum. I don't think I filled out those tax returns properly too when that might be contributing too. I have a private company but I operate as a freelancer and some of my clients are international.
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Hi I need someone that can do the monthly book keeping from all the documents i supply, payslips, PAYE, with the attendance clock in and out sheets that I supply. One permanent, one casual (will be permanent next year, myself. So i have a sheets with payments, invoices, attendance times and payments, suppliers payments etc. I have no accounts with suppliers - All COD. I just need all done and knowing its correct. UIf loaded so i can pay it. current accountant did nothing the past year. Cannot get my login details to do my own and I have no idea what is happening , what is done or what not. Small company some good months and then some very quiet months. So i need all the basics done and checked.