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.
We have a family trust with 7 properties to the value of ~18 Million Rands. The trust also has a facility of ~R5 million with FNB. The trust has capital in the form of investments ~R3 million. I need to get a quote for doing annual book keeping where I provide all the bank statements and a detailed summary of all the expenses and income on a monthly basis. Data will need to be confirmed but should be accurate - this is provided in a form of an excel spreadsheet. Income into the trust comprises five rental incomes per month (60 per year). Expenses are ~30 payments of bond, levies, tax, maintenance, insurance per month ( payments max) Some movement of money between the beneficiaries but no more than 3 transactions per year I need you to also submit the tax returns which are non-profit - no tax was Pais and the trust is still running at a loss each year. I can provide the statements for the last 5 years as reference to start the new relationship. I need you to draft annual statements once a year and handle the tax return issues and need a ballpark quote including all expenses.
The company had only one project last year, with just two payments, resulting in very low transaction activity. However, I need a signed three-year financial statement from a bookkeeper (not an auditor) by Saturday. Since I became a director last year, I have maintained well-organized records using accounting software, with all expenses supported by source documents. However, I am concerned that the previous director may not have kept thorough financial records in earlier years. Additionally, the company is not currently paying salaries.
Good day SARS requested tax returns from my late husband. I do not know how to go about getting these documents. I am the executor of the estate. My late husband and I were co owners of the property. I've appointed lawyers (David's and Partners) to handle the estate for me,in order for me to have sole ownership of the property,which is fully paid. SARS requested outstanding tax returns of my late husband in order for them to proceed with the process. I'm I talking to the right people? Please help,thank you.
The business operates as a fitment centre for vehicle tracking in Boksburg for 8 years . We currently only have a one client for which we offer our labour services to . This client is both our only Debtor and Supplier . We currently have 7 employees of which 4 are fortnightly wage earners and three Salary earners . We are a small business but we have two other companies who will also require the similar services
Good day, Could you please provide me with a quote for the following: - SARS monthly EMP return submissions for a group of 6 companies which has a total of approximately - employees. - SARS bi-annual EMP submissions - SARS annual EMP submission & IRP5's for a group of 6 companies which has a total of approximately - employees. - Workmen's Compensation submissions (annual)
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.
I am a Belgian taxpayer holding a four-year retirement visa for South Africa. In , I purchased a property in Durban North for 7.5 million Rands, which I rent out via Booking.com. The rental income is used to cover taxes, rates, levies, the Ethekwini Metro bill, and property maintenance. Additionally, I plan to open a savings account and transfer my retirement lump sum to generate monthly interest. I am looking for an accountant to help me optimize my tax liabilities and gain a better understanding of South African tax regulations.
This is a newly created company that will own 3-4 residential properties that will generate rental income. The company will not have any employees. Bookkeeping will be done by myself (owner and sole Director) on QuickBooks and I just require tax services and preparation of Financial Statements for the Bank who will finance the properties
Hi there, the business is no longer in operation. I would like to file nil VAT returns until the company has been confirmed as deregistered. In order for the business to be deregistered, I will require a tax clearance certificate please. Are you able to assist me with this process? Thanks Annie
• Capturing of monthly bank statements • Capturing of monthly creditors from a provided list • VAT returns • PAYE EMP monthly returns • Monthly or Bi Monthly or Quarterly or Bi-Annual or Annual Management accounts • Management accounts for bank (When required) • Annual reconciliations (VAT and PAYE) • Staff IRP5’S • PAYE EMP’S X 2 • Annual financial statements • IT14SD (Company tax supplementary declaration f required by SARS) • Company tax returns • Company provisional tax returns • Members / Shareholders personal tax return / s • Your personal provisional tax returns • Dividends tax returns • CIPC annual returns the whole thing