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: TMC Accounting and Tax Services is a full-service accounting firm that has been servicing businesses, trusts, and non-profit organizations in Pinetown for over 20 years. We offer a wide range of services including bookkeeping, auditing, tax preparation, and financial consulting. We are dedicated to providing our clients with the highest quality of service possible. Our team of qualified accountants are experts in their field and are always up-to-date on the latest changes in tax law. You can rest assured that you are getting the best possible service when you choose TMC Accounting and Tax Services.
Audit of Trust Account for Legal Practice Council
Annual Audited Statements.
M gum trading is the best companies in south Africa
I need bookkeeping and tax return to be done.
The above mentioned store was previously registered in my fathers name. My Father has been ill for a year now and we decided to move the store to my moms name. I am not sure if the previous account has submitted the returns to date before my mom took over the store and I would also need assistance in submitting the current tax returns.
I registered this company years ago for a business venture that went nowhere. The company made zero income. I had no background in business so I didn't understand how to properly close down a business. I haven't done anything with this business and it hasn't been operating for years now. A few days ago, SARS contacted me saying I need to file a tax return for this business. I have no idea what to do now.
Please send me a quotation, each section to be quoted separately. Dedicated Accountant Processing of transactions monthly Recons of accounts every month Management account reports every month. Submitting of Vat Returns On-going tax planning Withholding Tax Returns Provisional Tax Returns Annual Income Tax return • Individuals • Companies Annual Financial Statements Monthly Payroll Processing PAYE, UIF & SDL Returns Monthly declaration to Department of Labour (UI19) IRP5 Reconciliations and Submissions Compensation Commissioner Returns Assistance with all bookkeeping, tax & technical queries Tax Clearance Certificate Applications CIPC submissions Letters – confirm company is dormant. Letters – Confirm shareholder salaries.
3. Letter of Drawings from the accountant confirming your monthly earnings 4. Signed Letter confirming if any personal expenses are covered by the business – this must be signed off by the accountant; 5. Signed and dated Personal Assets and Liabilities statement 6. Latest 2 year signed Financials 7. The latest signed 6 month management accounts; (if the Financials ended in February)
Hello, I have just opened a Pty Ltd company. I generate income (2 x per year) from a single customer overseas which goes into my personal account. This will be transferred to my Pty company. Also starting to generate income from a 2nd local company (one invoice per month). Am working from home most of the time. So things are pretty simple. I basically need to know what it would cost to submit my returns for me and also will need advice on what can be claimed as tax deductibles. Many thanks Glen