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.
About: Shepherd Accounting Services is a full-service accounting firm that has been providing quality services to businesses, trusts, and non-profit organizations in Pinetown for over three years. We offer a wide range of services, including bookkeeping, financial statement preparation, tax return filing, and more. We are dedicated to providing our clients with the highest level of service possible and strive to exceed their expectations on every project.
I have debt with SARS that I cannot afford to pay at once R,I would like to be assisted with payment rearrangemts to pay or help with my Dept as I am now non compliant.i cannot claim invoices from the department as i am a service provider for department of health and I receive money quarterly.i need my compliance status to change so that I can be able function as a business.
Good day, we are a very small company and are looking to gain a bit of help from some financial experts on how we can navigate filing our annual financial statements. We have a different trading name and the company does e-commerce on Takealot. Takealot has taken fees and payments out of our earnings and have paid substantial tax on our part through the services rendered. We are now not sure what our returns exactly will entail, not how much tax we may still owe. please let us know if this is something you can help with.
Annual Financial Statements Completion and submission of IT14 Member Certificates Inventory Certificates B-BBEE Certificate Return for Provisional Tax CIPC Annual Return for Service Fee Company Annual Return Lodgement Cost Submission of IT 12 CIPC Beneficial Ownership Stats Survey Quarterly Fin Registration of New Company Entity Representative Link at SARS CC T/A Wings over Africa Flying School Professional Aircraft Maintenance Dicor Limpopo Finance Services CC Outdoorsman Supplies LLC SA
Customers invoices - up to 5 per month. Suppliers invoices - up to 5 per month. Cash transactions - no. VAT registered - yes. The number of employees - 0. Property, plant and equipment - no. Preparing invoices - not required. Making payments - not required. Business activity - extraterritorial wholesale trade. The product will not be exported or imported into South Africa. Goods - industrial chemicals and equipment.
We own a very small water shop independently. Currently our turnover is around R per year. We also are not profiting yet. We need someone to assist us in Financial Statements for 2 years as well as tax submissions. We need quotations for the two years of financial statement and 2 years tax submissions.
I am gainfully employed, but also have a side business that is very closely related to my full-time job. I registered the business ess in , but have not bothered filing any returns as it was so quiet and sporadic. However, I have subscribed to Quickbooks online in order to keep track of more and more work coming my way. I just don't know how to use it properly. Either I get a Quickbooks guide to study or I go with the better option of hiring an accountant. I need instruction more than anything. A person I can ask for advice. I'm eager to learn. I just don't know who to ask.
We have a private company registered in Botswana and have registered the company in South Africa as a foreign company. The company was registered in . The RSA company owns one property and has a deposit on a property under development. We need assistance in managing the finance and tax affairs in RSA as none of the shareholders reside in RSA. The company does not have many transactions.
I need a chartered accounting certificate for my friend who wants to apply for Retired person visa for South. This is one of the requirements where the applicant needs to prove that he has a monthly income of atleast ZAR 37,. The income may originate from a pension, retirement account or any other assets.
I have a registered company which is not trading. I’m currently earning income in my personal capacity ie paying person income taxes, through a permanent job and other contracts. I’d like to look into financial implications to be paid through my company as I am currently in the highest tax bracket.
Capital Legacy is handling my husband's estate as he passed away in . He had a business and since he has passed they now want to transfer the business over to my name and ownership since we were married in community of property, even though I have asked them to just dissolve the business. In order to do this I was told that I need an accountant. Please let me know if you can help with this?